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.
While there is every chance that the O3 alliance of CMA CGM, China Shipping Container Lines (CSCL) and UASC could become the O4 and include Germany-domiciled Hamburg Süd, this appears unlikely in the short term.
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