The Difference a Year Makes as CMA-CGM Falls Behind Maersk and Hapag-Lloyd — Panjiva


The Difference a Year Makes as CMA-CGM Falls Behind Maersk and Hapag-Lloyd

Corp - Forwarders 157 Corp - Shipping 610 Earnings 365 Global 723 Mergers 200 Mode - Containerized 1006 Mode - Seaborne 1275

CMA-CGM reported third quarter revenue growth of 6.3% on a year earlier, with Transpacific volume growth providing the main impetus. Yet, like most of the rest of the shipping sector, profitability fell resulting in an EBITDA margin of 6.4% from 12.4% a year earlier. That meant CMA-CGM has fallen well behind Maersk (11.3% from 12.1%) and Hapag-Lloyd (12.8% from 12.9%). In turn the decline may suggest its investments in faster and more reliable delivery – including the Eagle Go service – have come at a cost. Those investments have though led CMA-CGM’s U.S. inbound, seaborne volumes to cli...

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