CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but the French ocean carrier said cost savings and lower ship charter rates will return it to the black this year.
Revenue was up 4 percent to $14.87 billion as traffic grew 11 percent against market growth of 6.5 percent to an all-time high of just more than 10 million 20-foot equivalent units.