CMA CGM saw volumes and earnings rise faster than the market average in 2018. But increases in bunker costs and exceptional items reduced its bottom line.
The 2020 sulphur cap is 10 months away and the International Maritime Organization is vying to put in the finishing touches to the regulations over the next few months. An IMO technical body agreed last week on a set of enhancements to the implementation and enforcement. But the IMO’s political body will have to ratify them in May.
Market stabilisation in the second half of the year helped Maersk remain in the black during 2018. But global trade pressures put a cloud over the year ahead.