News / CMA CGM sails to top of carrier earnings list with $5.6bn Q3 profit

© Sheila Fitzgerald

CMA CGM has shot to the top of the Q3 carrier earnings league table, posting a net profit of $5.6bn for the period.

And it said there would be an “even stronger” result to come for the final quarter.

The group’s consolidated revenue soared by 89%, compared with the same period of 2020, to $15.3bn, mostly driven by its liner business.

Turnover from container shipping doubled over Q3 of last year, to $12.5bn, from a 2.5% decrease in volumes, at 5.45m teu, for ...