Business
Like

CMA CGM outperforms the market with very strong operating and financial results

September 17, 2017
1087 Views
0 Comments
2 minutes read
CMA CGM outperforms the market with very strong operating and financial results

On the release of the financial results, Rodolphe Saadé, the CEO of CMA CGM Group, stated: ”The Group releases excellent financial results for the 2nd quarter, with a core EBIT margin sharply rising thanks to our strategy of profitable growth. Once again, CMA CGM outperforms the industry and demonstrates the excellence of its operational management as well as the relevance of its strategy. During the quarter, we also continued to support the group’s growth with the planned acquisition of Mercosul, opening up the Brazilian domestic market. The Group is also preparing for the future with the order of 9 container ships of 22,000 TEUs which will enable us to continue our development and maintain our competitiveness.”

 

Highlights of Q2 2017 Launch of OCEAN ALLIANCE On April 1 st 2017, the largest operational shipping alliance, OCEAN ALLIANCE went live. With more than 40 maritime services, this operational alliance was very well received by customers, thanks to the port coverage and transit times offered. Signing of a JV with Adani On April 26, 2017, CMA CGM and Adani signed a joint venture agreement to jointly operate the new container terminal at the port of Mundra. Launch of a new CMA CGM mobile app On May 4, 2017, CMA CGM launched the new version of its mobile application for its customers, enhanced with new features, also available on tablets running on Android and IOS operating systems. Proposed acquisition of Mercosul Line On June 12, 2017, CMA CGM and Maersk Line announced that they have signed a binding agreement whereby CMA CGM would acquire Mercosul Line (Mercosul), one of the leading players in Brazil’s domestic container shipping market. The acquisition of Mercosul will allow CMA CGM to strengthen its service offering to and from South America, most notably in Brazil, especially on cabotage and “door-to-door” services. This proposed acquisition of Mercosul is accompanied by a new service offering between South America, Northern Europe and the Mediterranean

Editor_wr

2432 posts
0 comments
Do NOT follow this link or you will be banned from the site!