News / Focus on cutting costs pays dividends for CMA CGM as profits soar 43% in 2014

30/03/2015

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 ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.

Current subscriber

New subscriber