ShippingWatch

CMA CGM saw operating profit drop in 1st quarter

French container carrier CMA CGM finished the quarter with an operating profit before interests of USD 186 million, or 7.4 percent less than the same period last year.

Jacques R. Saadé, CEO og Rudolphe Saadé. | Photo: CMA CGM

French CMA CGM, the world's 3rd largest container carrier and future partner of Maersk Line and MSC in the planned P3 alliance, finished the 1st quarter 2014 with a result before interests (EBIT) of USD 186 million, compared to USD 201 million in the same quarter last year.

This development represents a 7.4 percent decline, according to the carrier's interim report, published Monday, which also announces the appointment of a new senior executive.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

SDK Freja anticipates steep earnings drop following record year

Logistics company SDK Freja, which delivered record financials with great advancement on top and bottom lines, takes a more gloomy view of the current fiscal year due to several ”external factors.” However, the growth target remains the same, CEO tells ShippingWatch.

LNG carriers concerned about increasing ship prices

The price on new LNG vessels has soared vigorously, and for Flex LNG this has meant a withdrawal from the market for new ships. Such was the statement by Flex LNG’s chief exec at Marine Money in New York, where he also announced new long-term charter agreements.

Maersk ships delayed up to three weeks on US east coast

Bottlenecks at major container ports on the US east coast have entailed that Maersk vessels are affected by delays of up to three weeks. It’s a combination of congestion, many ships, and a lack of container space, Maersk says.

Further reading

Related articles

Latest news

See all jobs