CMA CGM's First Quarter Profit Falls Amid Shipping Weakness, Iran War Impact

GateNews
CMA CGM, the world's third-largest container shipping company, reported a decline in first-quarter core profit on Friday, as weakness in the global shipping market offset growth in its logistics business. The French-headquartered carrier attributed the downturn partly to ongoing regional tensions from the Iran conflict and escalating global trade uncertainty, maintaining a cautious outlook for the remainder of the year.
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