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The CMA CGM AMERIGO VESPUCCI in the port of Rotterdam
A dramatic turnaround in the fortunes of recently acquired APL helped French carrier CMA CGM offset a slight decline in revenue and volumes in the first quarter of this year.
CMA CGM said APL, acquired from the Singaporean government in a $2.4bn deal last year, had managed to post a quarterly operating profit for the first time since 2011.
The carrier which continues to operate under the APL brand, made a gross profit of $56m on an EBIT margin of 4.4%, due to ...
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