CMA CGM registers change for the better
Clear reversal of the trend at liner shipping company CMA CGM in the fourth quarter of 2009 Following the announcement of the approval of the new credit line that was made just before Christmas, the Marseille based container shipping company CMA CGM spread positive news in the evening of 18 January once again. The enterprise has returned to operating profit in fourth-quarter 2009, as the Group Management based in Marseille states in a press release. There are also signs of improvement in the coming weeks and months at CMA CGM. The Management expects to see growth in revenue, supported by high load factors and steady rising freight rates. This should be an advantage for the further development of the group, as the headquarters of the world’s third-largest liner shipping company states confidently. |