CMA CGM Profitability Drives Up Amid Stronger Q3 Demand

CMA CGM has joined its liner peers in posting a huge profit for the third quarter of $567m.
Carryings on CMA CGM vessels were up just 1% on the year before, at 5.59m teu, with the improved financials driven by a 6.8% decline in unit costs.
CMA CGM said it expected to report even better results from its ocean carrier business in Q4.
For the nine-month period, CMA CGM’s net profit was $751m, compared with a loss of $107m the year before.

CMA CGM has joined its liner peers in posting a huge...