CMA CGM reports better than expected first quarter

After a recent major acquisition, the group’s logistics business is now large enough to shield against fluctuations in sea freight prices, says chief exec in the financial statements.
Photo: Ludovic Marin/Reuters/Ritzau Scanpix
Photo: Ludovic Marin/Reuters/Ritzau Scanpix

French shipping company CMA CGM is off to a good start in 2024, with freight prices lifted by the Red Sea crisis.

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