CMA CGM will carry on investing after 'solid' Q1, despite unclear outlook
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, ...
CMA CGM has posted a net loss of $229m for 2019 – this compares with a profit of $34m the year before.
The French transport group’s result was dragged down by the $329m negative impact of new accounting rules on vessel time charters and a $140m loss by Ceva Logistics.
However, CMA CGM remains bullish about its liner trade outlook and its ability to turn around the loss-making logistics arm, despite the adverse effect of the coronavirus outbreak on Chinese exports.
Turnover at the ...
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