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17 July 2019 The on-line newspaper devoted to the world of transports 12:39 GMT+2

May 20, 2016

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Original news
In the first trimester CMA CGM is incurred in a net loss of
-94,8 million dollars
the French shipowning group announces "an important slowly of cost reduction" and confirmation the intention to carry to term the acquisition of the NOL

After eight archived item consecutive trimesters with an economic result clearly of positive sign, in the first trimester of the 2016 French shipowning group CMA CGM has accused a net loss of -94,8 million dollars respect to a profit clearly of 413,3 million dollars in the first three months last year. The revenues are diminished of the -15,3% attesting itself to 3,4 billion dollars, decrease to which has mainly contributed the contraction of the hires that has been pairs medium to -17,6%. The operating result has been of sign negative and pairs to -500 thousand dollars respect to an operating profit of 406 million dollars in the first trimester of 2015. Core EBIT has turned out of positive sign and pairs to 3,5 million dollars (- 99.1%).

In the first three months of this year the fleet of portacontainer of the French company has transported cargo volumes pairs to approximately 3,2 million teu (+2.9%). CMA CGM has specified that such increase is attributable mainly to the increase of the volumes transported on the routes ocean-going liners and transpacifiche from and for the United States, that has compensated the decrease recorded on the routes between Asia and Europe on which the group has diminished the offered ability in order to answer to the bending of the question. The company has specified moreover that to the increment of the volumes July has contributed also the effect of the acquisition of happened German OPDR to half last year ( of the 8 2015)

"In a very difficult context - the vice president of CMA CGM, Rodolphe Saadé has commented today - in the first trimester we have recorded a advanced increase to that average of the market, also maintaining positive a margin operating. We - he has added - will maintain to our rigorous discipline financial institution, in particular with the realization of an important slowly of cost reduction. Meantime we are getting ahead our strategic plans, in particular our plan of acquisition of the NOL and the realization of our new operating alliance Ocean whose debut is previewed for April 2017". CMA CGM is in fact from some months in negotiations in order to buy group NOL of Singapore, than work line services through company APL(of 7 December 2015), and last month it has made official the constitution of the shipowning alliance Ocean with companies COSCO Container Lines (COSCON), Evergreen Line and Orient Overseas Container Linens (OOCL)( 20of April 2016).

Evergreen Line
Vincenzo Miele

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