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17 March 2018

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CONTAINER NEWS – CMA CGM sees Industry Rebound continuing in 2018.


Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions.
French based CMA CGM, one of the world’s largest container lines, reported on Friday 16th March 2018 a $701 million net profit for last year, confirming its turnaround after a shipping downturn in 2016 when it suffered a $452 million loss.
CMA CGM, controlled by the Jacques Saade family, said its operating margin of 7.5 percent in 2017, up from 0.2 percent in 2016, was the best in the container shipping sector and reflected healthy demand allied to efficiency measures.
Its volumes increased 21.1 percent last year to nearly 19 million containers, including a 10.9 percent year-on-year rise in the fourth quarter.
Below images are of the 2005 built container ship CMA CGM OTELLO leaving Marsaxlokk Harbour, Malta back to 7th June, 2006


Photos by Capt. Lawrence Dalli. Do not use these images without my permission. © All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com

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© All rights reserved. Malta Ship Photos & Action Photos – www.maltashipphotos.com