In the early morning of April 21st, in the port of Bremerhaven, Germany, the wind was particularly strong. A new ro-ro ship named "CMA CGM Monza" was heading in, but it was blown off course and hit the dock.

A 6-meter-long gash was torn on the starboard side, but fortunately, it was above the waterline, so no water entered and no oil leaked. Everyone is safe.

But the boat was definitely not leaving, as it was directly detained by the local marine police. The captain also had to undergo an administrative investigation.

At first glance, with "CMA CGM" in the name, everyone must think it's a ship owned by CMA CGM, right?

Actually, it's not.

This ship was delivered from Weihai only in October last year, and its real owner is East Pacific Shipping from Singapore. CMA CGM only obtained the operating rights of this ship through a long-term lease.

It's about EPS investing in shipbuilding and then leasing them to CMA CGM for operations. This model is actually not new in the industry, as it can help shipping companies rapidly expand their transportation capacity while providing shipowners with stable income.

Next time you see a familiar shipping company name, don't jump to conclusions. Maybe it's just a "tenant".