French privately held shipping company CMA CGM expects to stay in the black this year despite pressure on freight rates and is preparing to resume investing in new vessels, shipping newspaper Lloyd’s List said.
Some analysts are forecasting that the container shipping industry’s combined results will be negative in 2011 as supply growth outpaces demand, Lloyd’s List said.
Danish shipping and oil group A.P. Moller-Maersk is due to report first-half results on Aug. 17.
More at Reuters