CMA CGM opts for greener bio-gas to power seven newbuilds in its orderbook
CMA CGM is committing to running at least seven of its new ships on bio-gas, ...
Something doesn’t look right in CMA CGM’s short-term liquidity profile, given the massive widening in negative working capital since the latest IFRS accounting changes were implemented. That was my key takeaway on Friday when the French carrier reported mixed interim results for the first half (H1) of the year.
Some seasonal factors could have come into play yet, as I first argued on Monday, one scary number stands out in its accounts and that is derived from its net current assets, ...
Comment on this article
Martyn Benson
September 11, 2019 at 6:38 pmAs the well known phrase goes – “No shit Sherlock”.
Gee whiz- That’s an awful lot of words and numbers to come to the conclusion that many already knew five years or more ago.
Ale Pasetti
September 11, 2019 at 6:42 pmHI Martyn, many thanks for your comment. I think you appreciate it’s a completely different situation compared to… 12/18 months ago (if you recall its ’18 numbers), right?
“No shit Sherlock” wouldn’t have pleased the editors, anyway.
Best,
Ale