CMA CGM Delivers Strong Q2 2020 Results Despite COVID-19 Pandemic

Ebitda grew by 30% to $1.05bn, with the operating margin up 86% to $497m in the shipping industry.
The group generated operating cash flow of more than $1.1bn, despite the COVID situation.
The group secured a €1.05bn guaranteed bank loan, with €300m of that allocated to Ceva.
50% of all Ceva Logistics locations to operate on the CargoWise platform by 2022.

CMA CGM has published strong second-quarter results on the back of capacity and rate discipline, despite shipping volumes down 13.3% on the...