CMA CGM does not expect to profit from Ceva Logistics till after 2023

It will still take some years before CMA CGM can reap the economic rewards from its acquisition of Ceva Logistics. The transaction has so far increased CMA CGM's debt significantly – and the company now sells ships and port activities to reduce its debt.

Photo: Ceva Logistics

It will be 2023-2024 before French container shipping line CMA CGM expects to start reaping the direct economic gains from its purchase of Ceva Logistics.

In its interim report, published Monday, the company says that it maintains its previously announced profitability targets for Ceva Logistics, but it also postpones the cut-off date for when this will be achieved.

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