CMA CGM recorded a net profit for 2017 of $701m to easily outperform its peers and wrench the mantle as the industry’s most profitable global container line from Maersk Line.
And the French carrier’s order of nine LNG-powered 22,000 teu ultra-large container vessels (ULCVs), confirmed in November, is a bold step to out-think on cost competitiveness its Danish rival, currently preoccupied with its own restructuring.
CMA CGM’s strategy is to take advantage of …

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Source: The Loadstar