Another CMA CGM vessel heading for Suez Canal – 'to mitigate schedule delay'
Following the Suez Canal Authority’s decision to offer a 15% rebate on transit fees for ...
© Olrat
By Alex Lennane
CMA CGM’s shipping line was exactly in line with the average market growth in Q1, revealed last week by CTS to be 4.2%.
The French shipping group, which loves to slip out its results on a Friday evening, carried 5.85m teu, up exactly 4.2%, in the period, increasing revenue 11.5%, to $8.75bn.
Ebitda was up 30%, to $2.53bn, while the ebitda margin was up 4.1 percentage points to 28.9%. Average revenue per teu was $1,498, up 7.1% year on year, just ...
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