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You are here: Home Archive 2009 November 19 CMA CGM back to the black in 2010

CMA CGM back to the black in 2010

by Janet Porter - Lloyd's List last modified Nov 19, 2009 10:59 AM

French line CMA CGM, owner of Australia's ANL, has reaffirmed that it expects to return to the black in 2010, with some trade routes already back in profit.

  
CMA CGM back to the black in 2010

Stacking up: CMA CGM plans to be back in the black early next year (Photo: Dale Crisp)

CMA CGM said yesterday that the savings plan applied across the group, combined with improvement in both cargo volumes and freight rates, had already begun to bolster the bottom line.

The group said it was closing secondary lines to concentrate volumes,...

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