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News / CMA CGM back in the black in Q3, but fuel costs force discounted rates

CMA CGM BENJAMIN FRANKLIN - Copyright Port of LA
Copyright: Port of LA
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CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period.

However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery.

CMA CGM’s turnover ...

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  • Gary Ferrulli

    November 26, 2018 at 3:25 pm

    Interesting, revenues rise $300. Million and operating income drops $300. Million and headlines make it appear everything is great. Lucky they aren’t a real public company with a real Board, some of them might be seeking other positions.

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Topics

CMA CGM Hapag-Lloyd K Line MOL NYK Ocean Network Express The Purse Strings Transpacific Trade

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