CMA CGM Posts Strong Q2 Earnings as Middle East Disruptions Boost Shipping Rates

French shipping and logistics giant CMA CGM reported sharply higher second-quarter earnings on Tuesday, benefiting from resilient global trade, higher freight rates and strong cargo demand despite mounting geopolitical disruptions across the Middle East.

The world’s third-largest container carrier posted second-quarter revenue of $15.7 billion, up 19.2% from a year earlier, while EBITDA climbed 31% to $3.0 billion, lifting its EBITDA margin to 19.0%. Net income attributable to the group rose to $770 million, up from $520 million a year ago. 

Shipping remained the primary earnings driver. CMA CGM transported 6.33 million TEUs during the quarter, a 6%increase year-over-year, while shipping revenue jumped 22% to $10.0 billion. EBITDA for the shipping business surged 42.4% to $2.26 billion, with margins improving