French CMA CGM, the world's third-largest container carrier, was able to cement its position as one of the top earners, alongside Maersk Line, in a container industry marred by massive overcapacity and historically low rates.
The family-run container carrier, controlled by the Saadé family, delivered an improved operating result (EBIT) and bottom line, at 59.3 percent and 66.7 percent, respectively, in the second quarter 2015 compared to the same period last year, according to the second quarter interim report, published today, Monday.
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