Platou: Turning point for container shipping companies

The financial statements of French CMA CGM and, especially, their expectations for the whole year are positive for the entire industry, say the analysts of Platou Markets.

Photo: APM Terminals

The container shipping companies have rounded a sharp corner in the second quarter of 2012, and are now looking at improved earnings for 2012 as a whole, says shipping analysts Platou Markets on Thursday, following the financial statements of the world’s third largest container shipping company, French CMA CGMA.

“We consider the expectations of CMA CGM’s to be positive for the entire industry,” says Platou, based on the financial statements of an otherwise financially distressed shipping company.

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