LNG

Nov 26 (LNGJ) - The French container shipping company CMA CGM, which is developing LNG-powered vessels, posted a 6.3 percent rise in third-quarter revenues to $6.06 billion from $5.70Bln in the year-ago quarter. The shipping line is awaiting the delivery of nine new LNG-fueled vessels from Chinese shipyards from 2020. During the quarter, CMA CGM said it exceeded 5 million containers shipped, attributable to continued strength in the Transpacific, India-Oceania and African trading areas. The company said third-quarter operating income amounted to $241M. “In a market growing by 2.5 percent to 3 percent, the increase in volumes shipped by CMA CGM demonstrates our commercial drive and the quality of service offered to our customers,” said Chairman and Chief Executive Rodolphe Saadé.