CMA CGM reports lower earnings amid market normalisation
NewsWeaker market impacts CMA CGM’s Q1 results, with a 7% decline in revenues and a more than 30% profit decrease compared to the strong Q1 performance of the previous year.
On 30 November 2017, Maersk Line officially completed its transaction with Germany’s Oetker Group and took full control of Hamburg Süd. The deal took a year to conclude, as regulatory approval from 23 different jurisdictions from around the world was needed. These decisions have come with some conditions attached and the group will have to cut back on some services to/from South America.
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