ShippingWatch

CMA CGM's operating profit soars by more than 300 percent in the third quarter

CMA CGM's revenue and operating earnings increased significantly in the third quarter. The French container shipping company continues to invest in ships, ports and air freight. The company has ordered four new Airbus cargo planes.

Photo: PR / CMA CGM

Like a number of competitors in a scorching container market, CMA CGM is also delivering significant growth in revenue and operating results, according to the company's press release for the third quarter of this year.

CMA CGM's total revenue, which includes logistics, port terminals, air freight and container shipping, grew 89.4 percent to USD 15.3 billion in the third quarter compared to the same period last year.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk unveils design of methanol vessels

For five years, Maersk has been working on developing a new vessel design, which can increase the energy efficiency of its fleet by 20 percent. The first eight vessels are planned to sail on green methanol from 2024.

DHL extends contract with CEO Appel and names successor

Deutsche Post DHL Group, which includes logistics branch DHL Global Forwarding, announces a change in top leadership. Current CEO Frank Appel, who's been heading DHL for more than 13 years, has his contract extended until 2023, after which his replacement will take over. Being updated.

Further reading

Related articles

Latest news

See all jobs