CMA CGM continue to adapt their fleet
French shipping group CMA CGM was deeply in the red in 2009
The French shipping group CMA CGM has obviously overcome the bottom of the crisis. With a turnover of USD 10.5 billion in 2009, the group returned to profit from July in spite of a 30 per cent minus on the previous year. Net profit was minus USD1.4 billion after plus USD 124 million in 2008. The operating result from maritime shipping operations stood at minus USD 889 million. In 2009 the group carried 7.9 million TEU in total. This is 9 per cent down on the previous year. By means of crisis-induced, drastic saving measures the CMA CGM group was able to cut their costs by almost USD 800 million. These concerned the three following areas: operational adaptations, measures to increase cost efficiency and an improved customer service. Against this background the number of their own vessels decreased from 98 to 85 units. “We try to keep the leading position within the branch. In cooperation with our partners we are pursuing two priority objectives: to continue adapting the fleet and to strengthen the financial structure”, Philippe Soulié, Chief Executive Officer of the CMA CGM group, is confident. Quelle: LogEastics |