News / CMA CGM opts for 'market share over profit' in second quarter

CMA CGM posted a net loss of $109m in the second quarter, taking the French transport and logistics group to a first-half loss of $152m. 

However, it attributed much of the negative result to the acquisition of loss-making Ceva Logistics and the application of the new IFRS 16 accounting regulations on its leasing arrangements. 

Of the carriers that report their results, CMA CGM is traditionally the last to publish, and at first glance appears to have underperformed its peers in terms of profitability, ...