FRENCH shipping and logistics group CMA CGM reported robust demand for cargo shipping in its second-quarter 2024 results, despite ongoing geopolitical tensions, reports The Times of India.

The company highlighted strong performance with increased cargo volumes, driven by steady growth in Western countries and slowing inflation, even amid congestion and geopolitical issues, particularly in the Red Sea region.

"Amid sustained demand, our group delivered a solid performance in the second quarter, with a dynamic shipping business and a growing logistics pillar," said CMA CGM chairman Rodolphe Saade.

"We were able to adapt by redeploying capacity in response to the operational challenges caused by major disruptions on the main shipping routes. The Group has made key investments to accelerate the industry's decarbonization by renewing and upgrading its fleet, and to pursue its digital transformation by leveraging artificial intelligence."