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CMA CGM, the third-largest liner operator, reported third-quarter net profit of $2.32 billion, roughly triple the prior year. Revenue rose 31.1% to $18.4 billion, and carried volumes grew 5.5% to 6.5 million TEUs.
Average revenue per TEU rose 30% to $1,891, while logistics earnings declined.
Higher container freight rates and rising volumes signal firm demand for ocean capacity, which raises the cost of shipping feed ingredients and grain by sea.
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