Cosco eyes methanol-powered ships as it considers $3bn order for 15 vessels
Cosco Shipping Lines is thought to be planning another raft of newbuilding orders. But the ...
“Blessed is he who expects nothing, for he shall never be disappointed.” ― Alexander Pope
As widely expected, France’s CMA CGM today reported stellar interim results, with nine-month (9M ’20) and third-quarter (Q3 ’20) profits coming in at $751m and $567m, respectively.
Take this: in the first nine months, it added more than $1bn of group ebit against 9M ’19.
Notably, Q3 ’20 revenues rose to $8bn from $7.6bn, on a comparable basis.
In his prepared remarks, chairman and CEO Rodolphe Saadé said:
“The group reported ...