CMA CGM released its annual numbers for 2017, which indicate a strong increase of 21.1% compared to 2016. Amongst the top operating sectors for 2017, CMA-CGM said that Maritime, inland and logistics development, along with Innovation and digitalization are highlights.
This increase is driven by:
- The OCEAN ALLIANCE which was launched on 1 April 2017.
- The Transpacific market, where the CMA CGM and APL brands are particularly strong.
Moreover an increase in freight rates was noted in 2017, fourth quarter revenues increased by 19.9% compared to the same quarter last year. This means that the annual revenue for 2017 rose by 32.1%. Furthermore, the control of unit costs rose slightly by 1.6%, despite the sharp rise in fuel prices.
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In November 2017, CMA CGM selected LNG to power its 9 new vessels of 22,000 TEUs, which are expected to be delivered from 2020 onward. This will reduce the emission of greenhouse gases and fine particles.
