Container Turnover in Europe: 7 Month Results
According to the data provided by the international sea bulletin Lloyd’s List, the volumes of westbound sea container cargo between Europe and Asia declined by 21.1% during the first seven months of this year compared with the similar period of last year and reached 6.375 million TEU.
According to the data provided by the international sea bulletin Lloyd’s List, the volumes of westbound sea container cargo between Europe and Asia declined by 21.1% during the first seven mo
Europe , container turnover , results
European Ports Summed Up Half-Year Results
... the moment there are no sighs of economic recovery in the second half of 2009” - said Eddie Bruininks, the general director of the port administration.
The Europe’s largest container port - port of Rotterdam - has showed slightly better results: the container turnover in the port fell by 15%. The port administration says that the volume shrinking is over. “We suppose that the lowest point of the economic cycle has been reached. I think the volumes will pick up during the second...
Antwerp , Rotterdam , Marseille , ports , half-year , results
TransContainer Reported on Q1 Results
... that other container operators only moved 145 thousand TEU using fitting platforms, which is 36% less than during the same period the year before.
“In spite of the considerable decrease in demand for container cargo services, on the whole the results of the first quarter could be considered to be satisfactory. The share of the container market held by our company grew from 60% to 67%” - noted Peter Baskakov. According to the company’s CEO, the quarter-internal monthly dynamics...
TransContainer , first quarter , results
MOL Restructures Unprofitable Container Business
Mitsui O.S.K. Lines (MOL), Japan’s second largest shipping company in terms of sales volumes, announced it might move its container division into a separate business unit in order to avoid losses.
Mitsui O.S.K. Lines (MOL), Japan’s second largest shipping company in terms of sales volumes, announced it might move its container division into a separate business unit in order to avoid losses.
MOL was the only out of three main Japanese shipping companies who announced it expected
Mitsui O.S.K. Lines , results , losses , crisis
HHLA Fights for Survival
... number of containers shipped by road and rail fell by 16.6% to 366,439 TEU.
“In spite of considerable decrease of container transshipment and transportation volumes, HHLA has managed to retain certain minimum limit of volumes, to achieve decent results, and to keep a solid balance structure. The major part in this was played by the cost saving programs that were implemented very quickly” - said Klaus-Dieter Peters, chief executive of HHLA. The company further plans to cut costs by introducing...
HHLA , Port Hamburg , first quarter , results
Satisfactory Slump by VCT
... to empty containers was 57.4% and 42.6% respectively. In total in April 74 vessels were serviced. On average, 210 TEU were serviced on each vessel.
Oleg Beliy, the resident of the Transport Institute of the Russian Science Academy, calls the April results of the Vladivostok Container Terminal “satisfactory”.
“The volume decrease in this terminal is lower than the average decrease of container turnover in the country, where on average a 30% decrease can be seen compared with the...
FESCO , VCT , Vladivostok , results , terminal
Eurogate’s Record Earnings
... received for the last 10 years, while the net profit reached 116.5 million euro, an increase of 3.5% from the previous year.
Emanuel Schiffer, the chairman of the management board of Eurogate, notes that the company’s last year’s financial results can not be used as an indicator to forecast this year’s performance.
“The 2008 financial year was the best year in the company’s history. Although the full impact of the financial crisis couldn’t have been forecasted,...
EUROGATE , logistics , results
Rotterdam to Continue Investing
... by $49 million and reached $693 million. The freight turnover grew by 2.9% in 2008 and reached 421 million tones, including 10.8 million TEU of container cargo.
“We were able to successfully complete the year 2008 in spite of comparatively bad results during the fourth quarter” - said Tessa Messen, the chief financial officer of the Port of Rotterdam. “The main task for the current year is to continue our investment program. The earnings are falling because of the economic recession...
Rotterdam , port , investment , results
CMA CGM Profits Down by 87%
The net profits of CMA CGM for 2008 fell by 87% to $124 million compared with $966 million in 2007, although the company’s revenues grew by 28% and reached $15.1 billion compared with $11.8 billion in 2007.
The net profits of CMA CGM for 2008 fell by 87% to $124 million compared with $966 million in 2007, although the company’s revenues grew by 28% and reached $15.1 billion compared with $11.8 billion in 2007. The decrease in profits was caused by the falling rates along all the
CMA CGM , profits , results , crisis
DP World: Volumes Are Disappearing
The net profits of DP World for 2008 increased by 48% compared with 2007 in spite of decreasing cargo volumes during the last quarter of 2008 as a result of the financial crisis.
The net profits of DP World for 2008 increased by 48% compared with 2007 in spite of decreasing cargo volumes during the last quarter of 2008 as a result of the financial crisis. In 2008 this company, which is one of the world’s largest port container operators, earned $621 million, where as in 2007 its earnin
DP World , results , shipping volumes , terminals , crisis
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