While the recent rise in the value of sea freight rates has rewarded other world's leading containerized shipping carriers, in the first quarter of 2024, as was the case for the Hapag-Lloyd, the French CMA CGM also recorded instead a continuing decline in economic performance due to the continuation of the negative results of the core business of container transport by sea, even if the trend has slowed considerably compared to the quarter previous.

The Marseille-based shipping company closed the first three months this year with revenues of $11.8 billion, with a decrease of -7.0% over the same period of 2023, of which 7.9 billion generated by the containerized shipping segment (-11.4%), 3.89 billion from logistics activities (+0.6%) and 600 million from other activities of the group (+45.4%). The Margin gross operating income amounted to almost €2.4 billion (-30.3%), with a contribution of over €1.9 billion from the maritime transport of containers (-35.8%), of €361 million from logistics activities (+6.9%) and $79 million from other activities (+43,6%).

In the first quarter of 2024, the container fleet of the French Group transported cargo volumes of more than by 5.6 million TEUs (+11.7%).