CMA CGM, the French shipping and logistics conglomerate, keeps pulverising profit records, with net income reaching a staggering $14.8bn in the first half.

The bonanza, however, may slow down as inflation puts a lid on consumer spending and curbs demand for shipping, the Marseilles-based company warned on Friday.

It nevertheless pledged to keep reinvesting its mammoth profit in decarbonisation and announced a $1.5bn