The French liner shipping company CMA CGM was able to increase its profit in 2024. In view of the current US policy, however, skepticism prevails for this year.
With revenue of just under USD 55.5 billion (+18%), consolidated earnings (EBITDA) amounted to USD 13.4 billion, which corresponds to a significant increase of almost 50% compared to the previous year. In the 4th quarter in particular, the No. 3 in global liner shipping performed significantly better than in 2023. Revenue climbed by almost 40% to just under $15 billion with a profit of USD 3.62 billion compared to USD 1 billion twelve months earlier.
In the current year, the Marseille-based company expects stable economic growth of 3%, which should lead to similarly strong trading growth. “Nevertheless, the prospect of higher tariffs announced in the United States could have an impact on trade and lead to a reorganization of global supply chains in the medium term,” warns the shipping company led by Rodolphe Saadé.
Nevertheless, the company will continue to invest in the expansion of a “Low CO2 fleet”. To date, CMA CGM has spent around USD 20 billion on the construction of 153 LNG and methanol-powered ships. Last year alone, twelve new LNG-powered ships were put into service. By 2029, the world’s No. 3 will have a fleet of 153 ships that use low-carbon energy (biogas, biomethanol and synthetic fuels).
The network of port holdings has also been expanded. The company currently has 60 terminals in 30 countries. The goal of achieving “net zero” in fleet operations by 2050 remains unchanged.
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