CMA CGM eyes shipbuilding deal and coastal operations in India
French container line CMA CGM is reportedly in the final stages of a market evaluation ...
CMA CGM, the world’s third biggest ocean carrier, showed its fourth-ranked rival Hapag-Lloyd that you can still make money in a volatile freight market by recording a $584m net profit in 2014, despite having an inferior average rate per teu than the German carrier.
Consolidated operating revenue for the French group increased by 5.3% in 2014, compared with the previous year, to $16.7bn on an 8.1% volume increase to 12.2m teu, which CMA CGM said was mainly attributable to east-west gains.
The ...
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