CMA CGM- Robust end of the year but 2018 may prove more challenging
CMA CGM, the third-largest shipping carrier, held a conference call today to present its 4Q17 results. As expected, they were relatively good although the pace of improvement over the comparable period the previous year has diminished. With volumes increasing by 11.9% to 4,929k, the company once again performed ahead of the market while freight rates development was favourable as well with an average of $1,070 / TEU.
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