by Canadian Sailings 2023 | Oct 15, 2017 | Ocean, Ocean Carriers, Other
By Mike Wackett Container lines have enjoyed their most profitable quarter in two years, according to a review of second-quarter carrier results by Drewry, and are looking at a $10 billion swing in profitability With the exception of CMA CGM, which had not yet...
by Canadian Sailings 2023 | Oct 15, 2017 | Ocean, Ocean Carriers, Other
By Mike Wackett CMA CGM posted a net profit of $227 million for the second quarter of the year, turning around a loss of $127 million in the same period of 2016, with the assistance of a “significant” contribution from subsidiary APL. The French carrier was the last...
by Canadian Sailings 2023 | Oct 15, 2017 | Business and Economy, Other
The American Great Lakes Ports Association (AGLPA) recently released a position paper on U.S. pilotage costs on the Great Lakes Seaway system. The U.S. Coast Guard is responsible for regulatory oversight of all aspects of Great Lakes marine pilotage, including the...
by Canadian Sailings 2023 | Oct 15, 2017 | Ocean, Ocean Carriers, Other
By Gavin van Marle Kuehne + Nagel has unveiled its new corporate plan to succeed the Focus + Excellence initiative that has run since 2014. At the company’s capital markets presentation in London, Chief Executive Detlef Trefzger said KN+ NextGen was effectively an...
by Canadian Sailings 2023 | Oct 15, 2017 | Other
By Mike Wackett The Shanghai Containerized Freight Index (SCFI) slumped a further 5 per cent in late September to a composite rate of $735.91 per TEU as spot rates surprisingly came under pressure ahead of the Chinese Golden Week holiday. The SCFI has been in steady...
