default_image
© Khunaspix Dreamstime.

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 ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.