News / Ocean carrier CMA CGM bucks negative growth trends and profits swell

Port of Los Angeles

CMA CGM as an ocean carrier increased its market share in the third quarter, growing liftings by 4.1% on the same period of the previous year, while most rivals reported negative growth.

The French transport and logistics group carried 5.67m teu across its container service network during Q3, versus 5.45m teu the year before, for revenue of $15.71bn, which was 25.8% up on the previous year, giving an average rate of $2,771 per teu.

Including its logistics, ports and airfreight businesses, CMA ...