CMA CGM considers business expansion after profits surge

French shipping line, CMA CGM, has announced an impressive set of 2014 results, featuring 8.1% container volume growth, a 5.3% increase in revenue and a 43.2% leap in consolidated net profit growth.

During a conference call, vice-chairman of CMA CGM Group, Rodolphe Saadé, said the company would be “open” to merger and acquisition opportunities and the possibility of an initial public offering (IPO).

He added that the firm would consider adding “more players to the Ocean Three” and “time would tell” whether line Hamburg Sud would become the fourth collaborator.