The French CMA CGM Group, one of the largest container shipping groups in the world, said that its underlying profits fell by 82.5% in the fourth quarter of last year. The group was the biggest gainer in France in 2022, surpassing Total Energies for energy and LVMH for luxury goods, with annual net profits of $24.88 billion.
Last January, Rodolphe Saadeh, Chairman of the Board of Directors and CEO of the Group, expected that the Red Sea unrest would continue for “several months”