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CMA CGM gets Q1 profit lift as shipping rush continues By Reuters - TechiLive.in

CMA CGM gets Q1 profit lift as shipping rush continues By Reuters

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© Reuters. The CMA CGM Marco Polo, an Explorer class container ship docks at Elizabeth port as seen from Bayonne, New Jersey, U.S., May 20, 2021. REUTERS/Eduardo Munoz/Files

PARIS (Reuters) – CMA CGM, one of the world’s largest container shipping groups, on Friday posted a jump in first-quarter earnings and said it expects strong demand for transporting consumer goods to continue for the rest of the year.

French-based CMA CGM’s net profit reached $2.1 billion in the first quarter against $48 million in the same period last year, while core EBITDA earnings rose to $3.2 billion from $973 million, the group said in a results statement.

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