CMA CGM Benjamin Franklin 3bis (3)

CMA CGM joined the growing ranks of ocean carriers that may have sailed into the red in the final quarter of 2015, but thanks to a good start it managed to record a net profit of $567m for the full year.

This compares with $584m achieved in 2014.

Revenue declined by 6.4% to $15.7bn, despite carryings up 6.3% to 13m teu, while its average freight rate for the year slumped by 11.9% to $1,206 per teu.

Of the 771,000 teu of extra containers loaded onto its ...

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