by CanadianSailings | Sep 25, 2014 | Business and Economy, Ocean Carriers
By Mike Wackett Alphaliner’s analysis of the financial results of 17 main ocean carriers for the first six months of the year gives a generally improving outlook for the industry, although the turnaround in operating earnings was mainly driven by better-than-expected...
by CanadianSailings | Sep 25, 2014 | Business and Economy, Ocean Carriers
By Mike Wackett AP Møller-Maersk’s container business was once again the group’s star performer at the half-year, contributing $1 billion of the overall $2.4 billion underlying profit, further distancing itself from its competitors, many of which are still struggling...
by CanadianSailings | Sep 25, 2014 | Business and Economy, Ocean Carriers
By Mike Wackett Hong Kong-headquartered Orient Overseas International has made good on its pledge to reverse the declining profitability of its liner shipping subsidiary OOCL. It posted a net profit of $181million for the first half of 2014, which compares with a loss...
by CanadianSailings | Sep 25, 2014 | Business and Economy, Gateways and Corridors, Other, Supply Chain and Logistics
On a year-to-date basis, total cargo shipments on the St. Lawrence Seaway have now surpassed 2013 levels despite one of the most difficult starts to the shipping season in years due to ice coverage. According to the St. Lawrence Seaway Management Corporation, total...
by CanadianSailings | Sep 25, 2014 | Business and Economy, Corporate events & profiles, Ocean Carriers, Other
CMA CGM Group, the world’s third largest container shipping company, announced three major agreements with China Shipping Container Lines Co, Ltd. (CSCL) and United Arab Shipping Company (UASC). Under the name of OCEAN THREE, the agreements concern the following...
