Independent journal on economy and transport policy
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Significant increase in CMA CGM's quarterly economic performance despite declining revenues and volumes transported
The April-June 2020 period ended with a net profit of US 139.6 million dollars
September 4, 2020
In the April-June period of 2020, the shipowner group French totaled revenues of USD 7.00 billion, a decrease of -9.0% in the second quarter of last year, of which 5.27 billion produced by maritime transport activities (-9.7%), 1.76 billion from (-7.4%) and 122.2 million from other assets (-27,1%). Operating costs amounted to 5.80 billion dollars (-14.0%), with particularly significant reductions in fuel costs (633.5 million, -28.9%), rentals and the purchase of slots (292.6 million, -22.7%), the containers and their repositioning (277.1 million -21.4%), inland and feeder (1.42 billion, -12.8%), handling and storage containers (1.46 billion, -12.6%) port and port expenses (344.0 million, -10.2%).
EBITDA and EBIT were 1.20 USD 583.3 million, with rises of 26.3% and 93.8%, 996.9 million of them (up 27.8%) 457.8 million (up 46.5%) Generated containerized shipping. Pre-tax profit and net profit 165.2 million and 139.6 million dollars against negative results in the second quarter of 2019 67.4 million and -100.4 million dollars.
In the second quarter of 2020, the CMA CGM container carriers carried cargo volumes of 4.78 million teu, down 13.3% on the same period last year. The company has disclosed that the average revenue per teu container USD 1,112, or 2.8%.
In the first six months of this year, the group's fleet 9.71 million teu, a reduction of -9.0% on first half of 2019. In the first half of 2020, revenues 14.19 billion dollars (-6.1%), of which 10.72 billion billions produced by container shipping (-6.1%). The operating costs amounted to USD 12.01 billion (-10,2%). EBITDA was 2.18 billion, or 25.7%, And operating profit of 920.5 million dollars, or 66.2%. Profit net income was US 195.2 million dollars compared to a net net loss of -153.7 million in the first half of last year Year.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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In the April-June period of 2020, the shipowner group French totaled revenues of USD 7.00 billion, a decrease of -9.0% in the second quarter of last year, of which 5.27 billion produced by maritime transport activities (-9.7%), 1.76 billion from (-7.4%) and 122.2 million from other assets (-27,1%). Operating costs amounted to 5.80 billion dollars (-14.0%), with particularly significant reductions in fuel costs (633.5 million, -28.9%), rentals and the purchase of slots (292.6 million, -22.7%), the containers and their repositioning (277.1 million -21.4%), inland and feeder (1.42 billion, -12.8%), handling and storage containers (1.46 billion, -12.6%) port and port expenses (344.0 million, -10.2%).
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
