27/08/2021at 19:57

CMA CGM sees earnings growth of 280 percent in the second quarter

Like several of its competitors, the French shipping company has been helped along by the favorable conditions, not least due to the chaos in the container market. In the second quarter, the company booked a drastic increase in earnings.

by MATHIAS JULIUS FALKENGAARD

The second quarter of the year was extremely favorable for French CMA CGM. The company significantly raised both its top line and its operating profit.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

MSC and Hapag-Lloyd won't veer from fuel plans
For subscribers
Eight container carriers generated USD 25 billion in operating profits in first half
For subscribers
Newly appointed managing director at V.Group predicts sustained LNG growth over the next 20 years
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Carriers

Christian Stadil sued for millions after bankruptcy at Thorco Shipping

Christian Stadil, his father, and former executive of the family’s bankrupt carrier were sued last week. An equity fund has money on the line.

For subscribers

Lars Jensen, shipping analyst and founder of consultancy Vespucci Maritime, will from now on deliver opinion pieces to ShippingWatch twice a month | Foto: Magnus Møller

Container

Opinion: Digitalization increases the need for talent at shipping companies

For subscribers

“Safety concerns persist regarding toxicity mitigation and with limited development of propulsion technology,” Shell said regarding the use of ammonia as an alternative fuel. | Foto: Umit Bektas/Reuters/Ritzau Scanpix

Suppliers

Shell does not yet believe in ammonia as an alternative fuel

For subscribers

Archival photo. Container ships at the port in Keelung Harbor, Taiwan, on Aug. 6, 2022. | Foto: Jameson Wu/Reuters/Ritzau Scanpix

Carriers

Shipping companies hand workers major bonuses as mid-year bonus

Logistics

Logistics group Geodis buys Swiss freight forwarder

For subscribers

Carriers

Canadian carrier completes managerial changes

For subscribers

Christian Stadil sued for millions after bankruptcy at Thorco Shipping

Christian Stadil, his father, and former executive of the family’s bankrupt carrier were sued last week. An equity fund has money on the line.

For subscribers

Logistics

Logistics group Geodis buys Swiss freight forwarder

With the acquisition, freight, and logistics group Geodis is one step closer to ”completing a global end-to-end network,” says company CEO.

For subscribers

Carriers

Shipping companies hand workers major bonuses as mid-year bonus

Yang Ming has codified that 1 percent of last year’s profits must go towards employee compensation. This year, the percentage amounts to USD 75m. Evergreen will also be handing out mid-year bonuses.