CMA CGM suffers US$325m loss

French shipping company CMA CGM has suffered a US$325m net loss last year, which compares to a US$567m profit in 2015.

The loss made including the contribution of NOL, which the company acquired in June 2016, was equal to US$452m.

While the company’s revenue was up 1.9% year-on-year to US$16bn including NOL’s contribution, it was down 14.7% to US$13.4bn on a comparable basis.