CMA CGM suffers big setback in second quarter

France's CMA CGM lost nearly one fifth of its revenue in the second quarter, which triggered a negative operating result as well as a bottom line deficit, according to the interim report from the world's third-largest container carrier.

Photo: PR-foto/CMA CGM

With an 18.6 percent drop in revenue and a negative operating result as well as a bottom line deficit, French CMA CGM, the world's third-largest container carrier after Maersk Line and MSC, becomes the latest example of a container carrier facing a serious crisis.

CMA CGM suffered an operating deficit (EBIT) of USD 66 million dollars in the second quarter and a combined net deficit of USD 109 million against profits in the same period last year of USD 325 million and USD 156 million, respectively, according to the second quarter interim report from the family-controlled container carrier.

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