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CMA CGM: net profit divided by seven in 2023 to $3.6 billion

The maritime carrier CMA CGM, faced with depressed global trade and a sudden drop in tariffs, saw its turnover plummet in 2023 and its net profit divided by seven to 3.

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CMA CGM: net profit divided by seven in 2023 to $3.6 billion

The maritime carrier CMA CGM, faced with depressed global trade and a sudden drop in tariffs, saw its turnover plummet in 2023 and its net profit divided by seven to 3.64 billion dollars, with a loss in the 4th quarter, according to its annual results published Friday. The group, which had recorded record profits in 2021 and 2022 thanks to the disorganization of logistics chains and the explosion of prices, is falling into line like its competitors and expects a complicated year 2024, marked by geopolitical tensions, particularly in the Red Sea.

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