CMA CGM has seen last year’s landmark deal to acquire Singapore’s Neptune Orient Lines (NOL) bear fruit as it delivered a profitable result for the first quarter.
The French boxship giant reported net income of $86m, erasing a loss of $100m in the same stage of 2016.
APL, NOL’s shipping arm, was a major contributor to this result as it returned to the black for the first time since 2011.
