CMA CGM 'testing the water' of the Suez Canal for more services
CMA CGM is again “testing the water” in the Suez Canal, which could prompt other ...
© Vladimir Serebryanskiy
France’s CMA CGM stole the thunder of Denmark’s AP Møller-Maersk (APMM) and Germany’s Hapag-Lloyd (HL) at the end of last week, as it reported an annual trading update that unequivocally proves that vertical integration of 3PLs services makes a lot of sense, particularly if your own end markets are troubled, and debts are almost out of control, at least on paper.
While today I thought of focusing on the long odds associated with a 2019 merger between APMM and Hapag-Lloyd – ...
Comment on this article
Gary Ferrulli
March 04, 2019 at 3:59 pmLet’s see, buy a company losing a lot of money, put it together with your own
like firm that is also losing money, and that will make the big difference?
Ale Pasetti
March 04, 2019 at 4:12 pmHi Gary,
Many thanks for your comment.
Why do you think that CMA is “losing money”? Have you read the story and seen the numbers (link below)?
https://www.cma-cgm.com/finance
CMA is not losing money, and while I agree, of course, that CEVA is in the red, I think I clearly explained how CMA could benefit from it (even excluding consideration about additional cost-cutting)…also considering CEVA’s guidance and efficiency programs.
Best,
Ale