CMA CGM maintains box volume but US-China trade war weighs on margins
- World’s third-largest containership operator moved 5.97m teu in the second quarter compared to 5.98m in the corresponding quarter of 2024
- Fall in Chinese exports to US were offset by strong growth in box volumes in other trade lanes
- Outlook for CMA CGM’s container shipping business is ‘extremely uncertain’ says chief financial officer Ramon Fernandez
CMA CGM Group’s shipping division posted $8.2bn of revenues but ebitda was down 19.9% year on year to $1.6bn
