Hapag-Lloyd has its work cut out to turn the business around after a poor 2014

By Mike Wackett

Another “highly dissatisfying result” from ocean carrier Hapag-Lloyd saw it post a net loss of 604 million euros ($654 million) for 2014, which its Chief Executive blamed on low freight rates and the integration costs of the merging of CSAV’s container business. In a teleconference presentation of the German carrier’s results – significantly worse than the $134-million loss in 2013 – Chief Executive Rolf Habben Jansen claimed that 2015 was “off to a good start”, but warned, “we have our work cut out for us in the next 24 months” to turn the business around.

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CITT adds logistics courses this spring to study toward CCLP designation

“One of the most common questions CITT gets is ‘how quickly can I earn my CCLP designation?’ People who are working toward the CCLP designation are very career-driven and success-oriented and don’t always want to take a break in spring and summer. They also want the advantages of having industry’s most respected logistics designation as quickly as possible,” says Catherine Viglas, President of CITT.

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Logistec and MSC announce expansion of Termont’s container handling activities in Montreal

Logistec Corporation, a marine and environmental services provider, and its partner MSC Canada announced that Termont Terminal Inc. has signed a long-term lease agreement with Montreal Port Authority to manage its new Viau Terminal. This redeveloped site will include a full-service berth for container vessels, two state-of-the-art post-Panamax cranes, a modern automated truck-marshalling gate, an efficient intermodal service using on-terminal rail operations, and a high-density container yard.

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Onassis Prize awarded to Sauder Business School (UBC) Professor Emeritus Trevor Heaver

The $200,000 Onassis Prizes are awarded once every three years to leading researchers of shipping, finance and international trade. Professor Emeritus Heaver is sharing the shipping award this year with globally renowned maritime economist Martin Stopford. Heaver’s win marks the first time the award has gone to an academic in Canada.

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Port of Montreal receives award of excellence for cruise operations

Port of Montreal’s cruise operations were singled out yet again by the prestigious magazine Cruise Insight. The port received the Best Turnaround Destination award on March 16, in parallel with the Seatrade Cruise Shipping international convention and trade show in Miami. This award recognizes cruise destinations around the world that offer disembarking and boarding passengers a superior welcome.

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