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News / Cash-strapped CMA CGM to sell terminals and ships despite Q3 profit

cma cgm tower
CMA CGM's tower, and Ceva's new home Photo: Christian Richters/ Zaha Hadid
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CMA CGM posted a $45m net profit for the third quarter, reducing the French transport and logistics group’s nine-month loss to $107m.

The number of containers carried in Q3 rose by an above-market par 5.1% on the same quarter of 2018, to 5.5m teu, which it attributed mainly to growth from its shortsea business, including the integration of Containerships.

However, excluding CEVA Logistics revenue, turnover fell 3%, to $5.88bn, as freight rates came under pressure.

The forwarding arm continued to operate in the ...

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