Despite sourcing shifts, 'don't write-off China', says CMA CGM CCO
China cannot be written off completely from supply chains, despite tension with the US and ...
© Vladimir Serebryanskiy
By Mike Wackett
CMA CGM has posted an astonishing 2,500% increase in its net profit, to $3.5bn, for the second quarter, compared with the same period of last year.
And it added that it should “further improve” these record results in the second half of the year, with the favourable conditions for liner shipping expected to continue into H1 22.
In addition to paying down debt, the French shipping and logistics group is using its cash windfall to aggressively grow its business; including the purchase ...
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