CMA CGM books 2Q net profit of $178 million

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By Gavin van Marle

10/09/2012

During the quarter, CMA CGM’s revenue rose by 12% year-on-year to $4.149 billion, reflecting a sharp acceleration in business growth. In all, 2.7 million TEUs were carried during the period, up 8% over second-quarter 2011.

Following a first quarter that was challenging for the entire maritime container shipping industry, second-quarter 2012 saw a clear improvement in the market environment with a very substantial upturn in freight rates.

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