Reported 13 days ago
CMA CGM, a major container shipping company, experienced a remarkable increase in revenue and profits in the third quarter of 2024, with group revenue reaching $15.8 billion, a 38.5% rise from the previous year. This growth was attributed to higher demand for liner services and disruptions affecting shipping routes, despite potential future challenges posed by new vessels. The company's shipping revenue climbed 43.4% year-on-year to $10.9 billion, while EBITDA soared 179% to $4.4 billion. Geopolitical uncertainties and operational changes also contributed to the dynamic performance in their maritime activities.
Source: YAHOO