by Canadian Sailings | May 16, 2018 | Ocean Carriers
By Mike WackettHapag-Lloyd recorded a net profit of $28 million in the fourth quarter of 2017, due in part to a windfall of $21 million of netted pool revenue from its vessel sharing agreement within THE Alliance. This surplus, together with a profit of $56 million in...
by Canadian Sailings | May 16, 2018 | Ocean Carriers
By Mike WackettAhead of its acquisition by COSCO, ocean carrier OOCL’s carryings jumped 7.5 per cent year on year, to 1.58 million TEUs, in the first quarter, while revenue surged 16 per cent, to $1.38 billion. According to the operational numbers at least, Hong...
by Canadian Sailings | May 16, 2018 | Ocean Carriers
By Mike WackettIsraeli niche trades container line Zim recorded an adjusted net profit of $50 million for 2017, following a loss of $150 million in 2016 – but the carrier slipped back into the red in the final quarter. Zim’s total revenue last year was up 17 per cent...
by Canadian Sailings | May 16, 2018 | Ocean Carriers
By Mike WackettCMA CGM recorded a net profit for 2017 of $701 million to easily outperform its peers and wrench the mantle as the industry’s most profitable global container line from Maersk Line. And the French carrier’s order of nine LNG-powered 22,000 TEU...
by Canadian Sailings | May 16, 2018 | Environment, Government and Regulation, Ocean, Ocean Carriers
By Alexander WhitemanSo what is the truth about shipping emissions?The IMO has decided to cut 2008 levels of greenhouse gas emissions (GHGs) by at least 50 per cent by 2050 – but not all in the industry are convinced. A recent comment piece in Splash 24/7, by First...
