CMA CGM back in the black in Q3, but fuel costs force discounted rates

CMA CGM moved back into the black in the third quarter, and recorded a net profit of $49m for the nine-month period.
However, in the third quarter, the French carrier was beaten to its ‘best in class’ financial performance ranking by Hapag-Lloyd which reported a stronger recovery.
CMA CGM’s turnover during Q3 increased by 6.3% on the same period last year, to $6.06bn, earned from a 5.5% rise in volume carried, at 5.26m teu.
The carrier said the 5.5% …

The post CMA CGM back in the black in Q3, but fuel costs force discounted rates appeared first on The Loadstar.

Source: The Loadstar

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