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.
It looks as if the concession process for the Colombo Port East Container Terminal (CPECT) will be cancelled, with bids submitted by the seven parties interested in the deal likely to be disqualified. It follows a decision by the Sri Lankan Government’s Cabinet Committee on Economic Management to change the conditions of the concession, with a view to keeping the new terminal under port authority control.
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