Divestment brings CMA CGM profit of USD 408 million

French CMA CGM increased its profits to USD 408 million in 2013, a 22.8 percent improvement.

BY OLE ANDERSEN

The world's 3rd largest container carrier and future partner in the P3 alliance - with Maersk Line and MSC - French CMA CGM improved its net profits by 22.8 percent in 2013, to a total USD 408 million. This significant improvement can be partially attributed to the carrier's divestment of a 49 percent stake in the group's terminal division, Terminal Link.

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Divestment brings CMA CGM profit of USD 408 million

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Maersk and CMA CGM set to dominate Asia-West Africa

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

Packed container ships trigger surge in air freight demand

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

IMO's fossil fuel ban in the Arctic faces criticism

Record influx of container ships this year will not cause trouble until 2025

Cosco and CMA CGM expect further pressure on major European ports

Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs