French container shipping major CMA CGM has reported a net loss of USD 452 million for 2016, despite turning back to profit in the fourth quarter of the year amid increase in freight rates.
The company sank to red after reporting USD 567 million in 2015. However, CMA CGM seems to be on track of recovery as rates bounced back in Q4 pushing its net profit to USD 45 million for the quarter...
The company sank to red after reporting USD 567 million in 2015. However, CMA CGM seems to be on track of recovery as rates bounced back in Q4 pushing its net profit to USD 45 million for the quarter...
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