ShippingWatch

Analyst says CMA CGM's growth ambitions come at a price

French container line CMA CGM increased its volumes in the second quarter. According to Lars Jensen, CEO at Seaintelligence Consulting, this signals that the company, unlike the competitors, has chosen to pursue a path entailing a market share hunt. But this strategy comes at a cost, he says.

Photo: PR / CMA CGM

Unlike its competitors, French liner company CMA CGM increased its market share in the second quarter, but this growth also comes at a price, assesses Lars Jensen, chief executive at Seaintelligence Consulting, in a Linkedin post.

Most recently, the company's volumes grew by 6.3 percent in the second quarter compared to the same period last year. In comparison, competitors Maersk and Hapag-Lloyd only increased their volumes by 1.4 and 1.7 percent, respectively, while the general market grew less than 2 percent.

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

3i buys AMP out of Esvagt

Private equity firm 3i, which owns half of carrier Esvagt, has agreed with the company's second owner, AMP Capital, to take over all of Esvagt for GBP 268 million, making 3i the sole owner. The transaction is expected to close in the first quarter of 2022.

Further reading

Related articles

Latest news

See all jobs