On the wires: CMA CGM leads the (almost) one-horse LNG box ship race
A risky bet to nowhere?
“Q4 in line with expectations. Strong revenue growth driven by ground handling activity. Addressing the impact of trade tariffs driving weaker cargo volumes. Executed strong cost control and restructuring initiatives. Planned investment in SG&A and capex – providing long-term earnings growth. Good progress in cash generation.” – sourced from WFS’s Q4/FY investors presentation, 6 March 2010.
Nobody may have noticed, but one of the world’s largest ground handlers, Worldwide Flight Services (WFS), recently reported its preliminary figures for 2019. Given ...