Shipping Giant CMA CGM Posts a Loss as Red Sea Conflict Rages
- French company gives no timeline for return to conflict zone
- Air cargo arm could order more Airbus freighter jets, CFO says
Shipping containers on a CMA CGM SA ship at the Port of Savannah in Savannah, Georgia.
Photographer: Elijah Nouvelage/BloombergThis article is for subscribers only.
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CMA CGM SA, the world’s third-largest container line, posted its first quarterly loss in four years as the shipping industry struggles with the conflict in the Red Sea and the specter of overcapacity.