CMA CGM has reported on its results for the first quarter of 2015, with an improvement in volumes, revenue and net profit when compared with the same period of 2014.
Volumes rose 10.5 per cent in the period to 3.1m TEU, chiefly resulting from the increase in volumes on the East-West lines, particularly to and from the US, where volumes enjoyed sustained growth, and also from the launch of the Ocean Three Alliance.
Consolidated revenue for CMA CGM was up 1.8 per cent to $4.013bn, while consolidated net profit was up 419 per cent on first-quarter 2014, at US$406m.
In its outlook report, the grouop said that it would further strengthen its fleet in 2016/17 following confirmation of its acquisition of three 20,600-TEU vessels to be delivered in 2017.
It pointed out that spot freight rates for Asia-Europe lines had been volatile since the Chinese New Year, with volumes sluggish, while lines to and from the US continued to perform well.
'In view of the diverse nature of its lines and customer portfolio, the impact of these factors on CMA CGM in the immediate term should be limited,' the company said.
No comments yet