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Profitable in 2012, CMA CGM expects same in 2013

Wednesday, March 20, 2013

Michel Sirat, chief financial officer of CMA CGM, said 2012 was “a very satisfactory year in terms of profitability.” The French liner company is anticipating similar profitability despite a poor economy in Europe and supply-demand equilibrium, which he said is still “a bit shaky” for the container shipping industry. In a telephone press conference where he commented on the company’s financial results released Tuesday, Sirat said “You can have relatively weak con...

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