News / CMA CGM sails back into the black in Q2, but treads red water for first half

CMA CGM bucked the trend of its loss-making ocean carrier peers in the second quarter, producing a net profit of $23m and an ebit margin of 1.2%.

However, the French carrier remained in negative territory for the first half of the year, recording a cumulative loss of $54m.

Turnover in the second quarter was up 7.4% on the same period of 2017, to $5.7bn, from a 9.6% growth in liftings to 5.2m teu.

Ebit was $67m, a massive 86% lower than the year before, and CMA CGM’s ...