With a profit of close to USD 1.8 billion, USD 1 billion of which was booked in the last three months of the year alone, CMA CGM is the latest container carrier in the line to confirm that 2020 ended up being a seriously profitable year for container liners.
Friday evening, the French container line presented its fiscal report for the fourth quarter and 2020 as a whole. A year CEO Rodolphe Saadé describes as "a year of contrasts" that saw a weak first half-year be replaced by strong demand and sky-high rates in the second.
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