CMA CGM: 15.6 mln TEU carried in 2016 (+20% yoy)
The double-digit spike in the company's container carriages stems from the integration of NOL's business as of June 14th, 2016.
When excluding NOL's contribution, CMA CGM would carry as much as 12.8 mln twenty-footers last year, down by 1.5% year-on-year.
At 2016's end, CMA CGM operated a total fleet of 453 vessels, fewer by nine ships than in the year before; however, following the takeover of NOL, the company’s capacity rose from 1,819 thou. TEU up to 2,208 thou. TEU.
"Year 2016 was a landmark year in the history of our development, with the strategic acquisition of NOL and the creation of OCEAN ALLIANCE, which will fully contribute to the Group's performance in 2017. Last year, we succeeded in maintaining a slightly positive core EBIT margin, despite historically low freight rates, focusing on the volumes generating the highest contributions. With the increase in freight rates observed in recent months and the operational discipline that we apply quarter after quarter, we recorded a positive result in the 4th quarter and delivered one of the best performances in the industry," Rodolphe Saadé, CMA CGM's CEO, commented.