Comment / On the wires: Why CMA CGM delivered a shockingly good (and bad) interim update

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By Alessandro Pasetti

31/05/2019

“The CMA CGM Group has undertaken a number of strategic moves in recent months, including the acquisition of CEVA Logistics and regional short-sea players such as Mercosul and Containerships and the modernization of its fleet. To adapt to the changing market, the Group is now taking a new step in its transformation by consolidating its development and implementing an ambitious cost reduction program.” – CMA CGM, Q1 results, 30 May 2019.

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