Port News & Information Mediterranean, Black & Caspian Seas

CMA CGM with impressive 1.47 billion euro profit in 2020

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Marseille, France (Ports Europe) March 19, 2021 – The French shipping and logistics powerhouse CMA CGM Group has reported a net profit of $1.75 billion (€1.47 billion) for 2020, following a loss of $229 million (€192.4 million) in 2020. Due to the red-hot container market with sky-high rates, a huge freight demand and supply chain…

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