Container

CMA CGM projects challenging year after tought first quarter

Excess capacity will push freight rates down for the remainder of the year, expects French container major CMA CGM. First quarter will be the company’s best in 2023.
Photo: Pr / Cma Cgm
Photo: Pr / Cma Cgm
by DANIEL LOGAN BERG-MUNCH

Revenue plunged by close to one third, and USD 5 billion were slashed from the net profit in the first quarter for French container line CMA CGM.

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