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CMA CGM triples result - orders first methanol-powered ships

CMA CGM came out of the first quarter with a massive increase in both revenue and earnings and is ordering its first six methanol-powered ships to be delivered in 2025.

Photo: PR/CMA CGM

CMA CGM has more than tripled its profit in the first quarter compared to the same period last year, according to the accounts for the first quarter of 2022.

At the same time, the French shipping group is unveiling 16 new ship orders, six of which are 15,000-teu ships able to sail on methanol with dual-fuel engines, the company states in the financial announcement.

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