French shipping company CMA CGM Group reported a massive loss of over 50% in its second-quarter profits. The box carrier achieved a net income of US$661 million in 2024 Q2, down US$670 million from the profit levels in the same period last year.
Conversely, Group revenue stood at US$13.1 billion in the second quarter, translating to a year-on-year increase of 6.8%. However, CMA CGM’s earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 4.3% to US$2.48 billion, and the...
https://container-news.com/cma-cgm-experiences-50-profit-drop-in-q2-2024/