Ceva reorg accelerates as rumours give way to action
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On a straight comparable basis, the second-quarter results from CMA CGM were abysmal; confirming that 2017 was a peak year in terms of free cash flow and profitability for the French carrier.
However, group chief executive Rodolphe Saaede has sounded particularly upbeat lately – CMA CGM churned out very healthy cash flows in the first half, which alone might be the cause of his bullishness.
Ahead of the interim results, released after the markets closed last Friday, Mr Saaede told the press the ...
Comment on this article
Jesse Borghmans
September 20, 2018 at 9:14 pmDear sirs, a very interesting article but omitting a crucial fact. Cma-cgm refuses to call Israeli and South African ports due to political conviction of the Saadde family. Originally from Lebanon, the idea that they will negotiate with Zim is highly unlikely. More likelihood of a tie up between EMC and Cma-cgm.
Ale Pasetti
September 21, 2018 at 11:50 amHi, Jesse.
Interesting insight, very good points. Could you share a link with us, please? Or is it just your feeling?
I think we should also acknowledge that such a tie-up would be mainly driven by political and military considerations, and the fact that solid bilateral relationships between France and Israel have strengthened since the ’80s could play in favour of a positive outcome.
As far as SA is concerned, how about this?
https://www.cma-cgm.com/local/ZA-460/offices-contacts
Also, CMA CGM LOGISTICS SOUTH AFRICA is fully consolidated (100% interest) in its annual results.
Thanks for your feedback.