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.

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