ShippingWatch

CMA CGM saved by terminal sale in 2nd quarter

French CMA CGM, the world's third-largest container carrier and part of the announced P3 alliance with Maersk Line, achieved a net profit of USD 268 million in the 2nd quarter, though the majority of that figure stems from terminal divestments.

French container carrier CMA CGM, one of Maersk Line's coming partners in the planned P3 collaboration, finished the 2nd quarter 2013 with a net result of USD 268 million, though a vast majority of those profits came from the sale of a major stake in Terminal Link, the company's port division, for a total of USD 249 million.

CMA CGM finished the 2nd quarter 2012 with a profit of USD 169 million.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs