Headwinds from Iran war drag down CMA CGM's core profit in Q1

Total first-quarter revenue was flat at $13.23 billion, from $13.26 billion. Shipping revenue dropped 8.5 per cent to $8.02 billion, while logistics revenue rose 6.6 per cent to $4.56 billion.

The Iran war has stranded hundreds of vessels, raised fuel and insurance costs, and forced carriers to adjust networks and use alternative routes, disrupting a key oil trade corridor.

"The group delivered resilient performance in the first quarter of 2026, supported by the strength of our shipping activities and the diversification of our business model," CMA CGM Chairman and CEO Rodolphe Saade said in a statement.