CMA-CGM reported 1Q revenues that grew 17% on a year earlier, a little above the container-line average of 16% and including a 1% rise in average achieved rates. The rate increase was better than the average 1% drop in China-outbound rates, but wasn’t enough to keep pace with a 32% rise in bunker fuel costs for the firm. That’s led the company to follow Maersk and MSC in applying an emergency bunker surcharge. The surcharge will be vital in rebuilding profitability, which dropped to a 4% EBITDA margin) from 8% a year earlier, leaving CMA-CGM as the third least profitable container-line i...