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.

BY OLE ANDERSEN

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.

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