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Record 2018 start for Port of Wilmington
WILMINGTON, NC: April 24, 2018. North Carolina Por...

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IAG Cargo acknowledges World Immunisation Week
LONDON/MADRID: April 24, 2018. IAG Cargo is markin...

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Liverpool provides Scottish shortbread US access
PORT OF LIVERPOOL, UK: April 23, 2018. Peel Ports ...

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Nor Lines adds Rotterdam to LNG-powered Norway service
ROTTERDAM: April 22, 2018. Nor Lines, a subsidiary...

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AAL adds to its European agency network
SINGAPORE: April 19, 2018. Breakbulk and project c...

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DFDS to acquire Turkey's U.N. Ro-Ro
COPENHAGEN: April 18, 2018. European short-sea RoR...

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Etihad Cargo supports bustard relocation
ABU DHABI: April 18, 2018. In the past three years...

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New CMA CGM rail link between UK and China
LONDON GATEWAY: April 18, 2018. GB Railfreight, ow...

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Record 2018 start for Port of Wilmington ...
IAG Cargo acknowledges World Immunisation Week
Liverpool provides Scottish shortbread US access
West Atlantic to operate Boeing's first converted 737-800...
Nor Lines adds Rotterdam to LNG-powered Norway service...
AAL adds to its European agency network
DFDS to acquire Turkey's U.N. Ro-Ro
Etihad Cargo supports bustard relocation
New CMA CGM rail link between UK and...

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MARSEILLE: May 19, 2017. CMA CGM has reported a 35.9 percent year-on-year increase in Q1 2017 revenue to US$4.62 billion. The result includes APL figures for the first time.

APL ZeebruggeRevenue would have dropped 1.7 percent to US$3.34 billion excluding the APL contribution.

Net income for the period was US$86 million and US$60 million without APL, compared to a loss of US$100 million in Q1 2016.

"For the first time and less than a year after its acquisition, APL has contributed positively to our group's results," said CMA CGM Group CEO Rodolphe Saadé. "Although the shipping industry still faces strong headwinds, we are confident our strategy should allow to improve operational results over the next quarter, leveraging the new Ocean Alliance and maintaining our focus in operational efficiency and innovation to the benefit of our customers."

CMA CGM reported an EBIT margin of 5.5 percent to US$252 million and for the first time since 2011, APL registered "satisfactory quarterly results" with a return to profitability. The box carrier produced a gross operating income of US$56 million and a net result of US$26 million as a result of higher revenue per unit and cost control.

The group increased TEU volume in Q1 by 34.2 percent to reach 4.27 million while reducing its fleet capacity 1.8 percent to 445 vessels compared to the same period last year. Notwithstanding variable exchange rates and bunker prices, an improvement in freight rates is expected to increase EBIT margin during the remainder of 2017.

CMA CGM has begun the Ocean Alliance weekly NEU4 service linking Zeebrugge with ports in China and South Korea with the 13,380 TEU box ship APL Changi. Read more: Ocean_Alliance_Zeebrugge.pdf

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