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French Container Giant Says Transpacific Revival Boost Profits
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SupplyChainBrain
“This window of opportunity of sorts has led companies to reconstitute their stocks.”
The transpacific cargo revival is continuing, and restocking could last for months, he said, noting that any trade decoupling between the world’s largest economies “didn’t happen” last quarter.
The Marseille-based company, controlled by the billionaire Saade family, along with rivals MSC Mediterranean Shipping Co. SA and A.P.
CMA CGM operates a fleet of more than 700 vessels, and has expanded into logistics, air cargo and media businesses.
The Saade clan is worth about $45 billion, according to the Bloomberg Billionaires Index, a fortune rooted in the shipping line headed by one of the founder’s sons, Rodolphe Saade.