Maritime Market News

: Ocean Network Express has recorded its first profitable quarter
Ngày: 05-08-2019 | Lượt xem: 1126
Ocean Network Express has recorded its first profitable quarter since the Singapore – based container shipping line launched in April 2018. The company – a joint venture set up by Japan’s NYK, MOL and K line – posted a profit of $5m for the first quarter of financial year 2019 ended June 30, compared with loss of $120m during the same period a year ago. The carrier reported $586m losses for the previous fiscal year affected by a lack of staff and technical issues during its start – up period.
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: Container freight rates tracking 10% ahead of last year
Ngày: 25-04-2019 | Lượt xem: 1638
AVERAGE container rates out of Shanghai for this week are expected to decrease slightly but remain 10% higher for the year to date than last year.
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: News highlights week 10 - 2019
Ngày: 13-03-2019 | Lượt xem: 1300
CMA CGM plans to focus on cost cutting in 2019 after reporting record fullyear revenue. Revenue in 2018 reached $23.5bn, up 11.2% on the previous year, as volumes hit a record 20.7m teu. But increasing fuel costs and exceptional items related to its investment in CEVA Logistics and Global Ship Lease took their toll on the bottom line, with consolidated net profit falling to just $34m. Excluding exceptional items, recurring net income was $150m.
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: Asia-North Europe trade set for further weak growth
Ngày: 07-03-2019 | Lượt xem: 1216
FURTHER low growth in demand is expected this year on the key Asia-North Europe trade, forcing container lines to look to other trades for their big ships, according to Drewry.
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: IMO 2020: Transparency essential for shipper-carrier agreement over fuel surcharges
Ngày: 07-03-2019 | Lượt xem: 1288
MANY issues continue to create uncertainty in the maritime community when it comes to the implementation of IMO 2020, a panel of experts told delegates at the Journal of Commerce’s TPM conference in Long Beach. Price is the chief issue, but availability and compatibility of the new low sulphur fuels also are causes of concern.
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: RCL expands service network in India
Ngày: 07-03-2019 | Lượt xem: 1406
THAILAND-based container line RCL has added another string to its network in India with the launch of a new service between Calcutta and the key Malaysian transhipment hub of Port Klang.
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: Cosco and PSA add berths in Singapore
Ngày: 19-01-2019 | Lượt xem: 1133
COSCO Shipping Ports and PSA Corp have firmed up a deal for two new container berths at their joint venture terminal in Singapore.The additional facilities, which started operations earlier this month, add to the three existing mega-ship berths, raising the terminal’s annual capacity from 3m teu to 5m teu, CSP said in a statement.
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