The recently-merged French shipping group CMA CGM predicted soaring
profits and cargo volumes for the year.
The net consolidated profit of CMA CGM Holding should increase by 57
percent this year, to FFr313 million ($50 million), from FFr199 million in 1998, the
shipping group said.
CMA CGM expects annual revenues of FFr9.55 billion ($1.52 billion) this
year, up 18 percent, and annual carryings of 1.35 million TEUs, also up by 18 percent.
The French carrier entered the Pacific trade in April and expanded its
Asia-Europe services earlier this year.
To accompany the expected rise in volumes, CMA CGM plans to increase
its fleet by 2001.
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The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now