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Maritime Market News

News highlight week 37

Ngày đăng: 15/09/2018 | Lượt xem: 649

CMA CGM has seen its second quarter net profit slump almost 90% on the back of the surge in bunker prices.

The French liner giant reported net income of just $22.7m for the three months against the $213m reported 12 months earlier. CMA CGM’s bunker bill for the quarter was $852.5m, up 40% on the $613.1m seen a year ago. However, the fleet capacity increased 11.5% to 2.4mteu. Revenue showed a year-on-year increase of 7.4% to $5.7bn, as volumes carried increased by almost 10% to 5.2mteu. 

The Far East-Pakistan- Middle East service jointly operated by Gold Star Line (GSL), KMTC, RCL, SM Line, TS Lines has been suspended after just 10 months in operation. The service was launched in November 2017 and was branded respectively as the ‘China Gulf Ex-press’ (GCX) by GSL, ‘RPM’ by RCL, ‘Asia Paki-stan Middle East (APM) by KMTC, ‘China-Middle EastExpress’ (CMX) by TSL and SML. 

South Korean carrier SM Line and state-controlled Vietnam National Shipping Lines (Vinalines), have signed a Memorandum of Understanding (MOU) to form a strategic alliance, whereby the two companies will foster cooperation in their container shipping businesses in East Asia. 
     

 Source: Lloyd’s List  

      

Chỉ số Thị trường

EXCHANGE RATES
  19 - Jul 12 - Jul CHG
$-VND 25,458 25,460 2
$-EURO 0.919 0.917 2
SCFI 3,542 3,675 133

 

BUNKER PRICES
  19 - Jul 12 - Jul CHG
RTM 380cst 513 528 15
 LSFO 0.50% 571 571 0
MGO 727 740 13

SGP

380cst 520 530 10
 LSFO 0.50% 616 626 10
MGO 725 740 15