News / CMA CGM reports $50m cut in Q1 losses as liftings increase

CMA CGM saw revenue increase by 5.5% in the first quarter, compared with the same period of 2018, to $5.7bn.

And this figure excludes the contribution from the CEVA Logistics acquisition.

Due to “strong development in intra-regional routes”, the carrier’s liftings rose 4.4%, to 5.16m teu, which is in contrast to its larger rival, Maersk Line, which reported a 2.2% decline in carryings in the same period, which it blamed on a dip in north-south volumes.

Excluding the $21m loss attributed to CEVA, ...