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CMA CGM widens gap to container rivals

The world's third-largest container carrier improved its operating result as well its earnings in the second quarter at a time when a big part of the industry is struggling to turn a profit.

Photo: CMA CGM

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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