CMA CGM expects growth to continue, care with tracking needed — Panjiva
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CMA CGM expects growth to continue, care with tracking needed

China 3050 Corp - Shipping 1027 Earnings 759 European Union 880 Mode - Containerized 1524 Mode - Seaborne 1845 Quote Watch 452 U.S. 5401

CMA CGM has reported a 21.9% year over year expansion in Q4’20 revenues, driven in large part by an 18.0% rise in achieved revenues per unit shipped as well as a 6.3% rise in volumes handled. The latter has come despite the impact of a significant cyber-attack at the start of the quarter. The container line expects that the “increase in demand observed since June 2020 is expected to continue at a steady pace at least throughout the first half of 2021”. That can already be seen in U.S. seaborne imports linked to the firm which rose by 13.1% year over year in January a...

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