CMA CGM: will buying into Ceva bring the company a chance to shine?

© Vladimir Serebryanskiy

In a year when many lines have been pretty negative and have stressed the impact of rising fuel costs on their profits, CMA CGM has performed reasonably well at the third quarter mark.

Year-to-date costs have risen by 17% and are considerably above any corresponding increases in revenue, but part of this is inevitably from the additional 300,000 teu carried.

The company has its eye firmly on fuel cost recovery and implemented a new bunker surcharge for December – at double the level in May – and will ...