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.

Read the whole article

Get 14 days free access.

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

Ørsted wants Maersk as customer in green methanol project

Energy company Ørsted has just bought 45 percent of Swedish Flagship One, which is set to produce green methanol for the shipping industry as of 2024. Ørsted's head of hydrogen wants Maersk as customer in the large scale project, he tells ShippingWatch.

Singapore names its biggest bunker suppliers

TFG Marine, a bunker company founded by two John Fredriksen-controlled carriers and commodity trader Trafigura, is among the five biggest bunker suppliers in Singapore in 2021. See the list here.

Record number of ships passed through Suez in 2021

Despite the blockage in the Suez Canal during spring of last year, the crucial waterway set a record for the number of ships passing through in 2021, reports Bloomberg. The canal is expected to complete an expansion by the middle of next year.

Further reading

Related articles

Latest news

See all jobs