ShippingWatch
Container

CMA CGM books billion-dollar profit in the fourth quarter

French container line CMA CGM exited the fourth quarter of 2020 with a USD 1 billion net profit, shows annual report. The strong container market is expected to continue into the first part of 2021, says CEO Rodolphe Saadé. The carrier expects to own 32 LNG-powered vessels before the end of 2022.
CMA CGM's CEO Rodolphe Saadé. | Photo: PR / CMA CGM
CMA CGM's CEO Rodolphe Saadé. | Photo: PR / CMA CGM
by SØREN PICO

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.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
!
!
Must contain at least 6 characters
!
Must contain at least 2 characters
!
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Related articles:

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Further reading