Comment / Analysis: CMA CGM trading update steals the limelight from Maersk & Hapag

cma cgm© Vladimir Serebryanskiy
© Vladimir Serebryanskiy
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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 – ...

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  • Gary Ferrulli

    March 04, 2019 at 3:59 pm

    Let’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 pm

    Hi 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

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Topics

AP Moller - Maersk Ceva Logistics CMA CGM financial results Hapag-Lloyd trading update