The shipping company, CMA CGM, shipped more containers in the third quarter of 2018 than in the same time last year. More than five million containers were transported on their ships. Their revenue, therefore, also saw an increase in this period. However, the third quarter of this years was not without its challenges.
The 5.5% increase to more than five million containers was realized on just about every route. The Transpacific, India/Oceanic, and African lines, however, showed the most growth. The turnover per container rose by 0,8% with regard to 2017's third quarter. In comparison to the second quarter, the revenue increased by 4,9%. As a result of this, the company's turnover rose to $6,06 billion. This is a growth of 6,3%.
However, the cost per unit also skyrocketed. The cost per TEU rose by $77. This is primarily as a result of higher bunker prices. This effect was partially compensated by the Emergency Bunker Surcharge. “The CMA CGM saw a significant climb of 4% in our EBIT margin. This is in context of sharply increasing oil prices," says Rodolphe Saadé, CEO van the shipping company. “The market is growing by 2,5 to 3%. This increase in CMA CGM's volume shows the commercial drive and the quality of our service."
This company's operational income came to $241 million with an EBIT margin of 4%. In recent months, the new CMA CGM Antoine de Saint Exupery flagship took to the waters. It has a capacity of 20.600 TEU. The takeover of Containerships was also concluded. This deal strengthens the shipping company's position on the short sea routes within Europe.