English Arabic Armenian Azerbaijani Chinese (Simplified) Chinese (Traditional) Czech Danish Dutch Estonian Filipino Finnish French Galician Georgian German Greek Hindi Hungarian Icelandic Indonesian Italian Japanese Korean Latvian Lithuanian Malay Maltese Norwegian Persian Polish Portuguese Russian Slovak Slovenian Spanish Swedish Thai Turkish Ukrainian Vietnamese

Maersk tops reliability index

LONDON: A Q3 report from maritime analysts SeaIntel says global liner reliability fell nearly four points to 75.5 percent due to congestion issues that began in Hamburg and Rotterdam, spread to major U.S. ports - particularly Los Angeles and Long Beach - and by the end of the quarter included Hong Kong ad Shanghai.

The analyst notes Maersk Line remained the most reliable carrier throughout Q3 with an 83.9 percent performance level, followed by Hamburg Süd and CSAV with 79.8 percent and 75.5 percent respectively. The top three positions remained unchanged from Q2.

With all carriers in the top 20 seeing a reliability decline since the previous quarter, SeaIntel says at the other end of the table, MOL, NYK and HMM produced levels of 63.8 percent, 65.5 percent and 65.6 percent respectively.

westwood columbiaBetween Asia and North Europe Maersk Line, PIL and CSCL were the most reliable at 95.5 percent, 72.3 percent and 65.8 percent respectively as the trade lane saw the 10th consecutive quarter where Maersk has performed above 95 percent.

The analyst says CSAV, Maersk and CMA CGM were the most reliable carriers in the Asia-Mediterranean trades, while the top performers on the Pacific were some of the smaller carriers including Westwood Shipping (right), Matson and Hamburg Süd.

"We understand that the decline in the ratings is a result of the bottlenecks in the ports," commented Maersk Line head of Operations Execution Keith Svendsen.

Maersk Line's Q3 service is reflected in the latest financials from parent A.P. Møller - Mærsk that saw a one percent increase in revenue to US$12.1 billion compared to 2013; a 27 percent gain in pre-tax profit to US$2.5 billion; and a net profit increase of 25 percent to US$1.5 billion.

"Despite some caution in relation to the market outlook for the coming quarters, we maintain our outlook for the group result to be around US$4.5 billion for the year," said CEO Nils Andersen.

However a recurring non-performer for both Q3 and the nine-month period is the group's logistics unit: Damco reported a pre-tax loss of US$69 million on revenue of US$848 million for the quarter; and a loss of US$99 million on revenue of US$2.38 billion for the first nine months.

A.P. Møller - Mærsk cited a seven percent drop in ocean volumes and a 16 percent decline in airfreight compared to the same period last year and noted that "despite a one percent increase in Q3 revenue, 2014 displayed a declining and unsatisfactory gross profit development". However the company reiterated its view that "restructuring initiatives are still expected to strengthen commercial competitiveness and get Damco back to profitable growth in 2015 and onwards".

News

Written on 26/05/2017, 16:16
powerful-future-ahead-for-madagascarPORT LOUIS, Mauritius. May 24, 2017. Volga-Dnepr Airlines has now completed a series of flights begun in March to deliver power generators from Mauritius...
Written on 25/05/2017, 20:07
rhinos-return-to-rwandaAKAGERA, Rwanda: May 25, 2017. Ten years after the Eastern black rhino disappeared from Rwanda following decades of poaching, 19 animals have now taken up...
Written on 25/05/2017, 18:33
port-everglades-gets-expansion-go-aheadPORT EVERGLADES, FL: May 24, 2017. Port Everglades is to invest US$437.5 million to add new berths for larger cargo vessels and install crane rail...
Written on 24/05/2017, 20:42
hapag-lloyd-takes-a-big-step-with-uascHAMBURG: May 24, 2017. Hapag-Lloyd and the United Arab Shipping Company (UASC) have completed their merger. Shareholders at the annual general meeting on...
Written on 23/05/2017, 21:03
dhl-adds-rail-link-between-shenzhen-and-belarusSHENZHEN: May 22, 2017. DHL Global Forwarding has launched the first regular LCL and FCL rail service that connects Shenzhen to Minsk in Belarus in less...
Written on 22/05/2017, 19:48
cathay-pacific-launches-restructuring-with-layoffsHONG KONG: May 22, 2017. Cathay Pacific is making 600 head office staff redundant following the announcement in March of a three-year business...
Written on 18/05/2017, 21:59
air-zimbabwe-banned-from-europeBRUSSELS: May 17, 2017. In an update to its Air Safety List, the European Commission has banned Air Zimbabwe from flying to the 28 EU Member States "due...
Written on 17/05/2017, 22:43
russian-logistics-network-signs-development-agreementMUNICH: May 17, 2017. Meeting at the transport logistic trade fair last week, members of Russia's Associated Cargo Experts Alliance (ACEX) and the...
Written on 17/05/2017, 19:41
oman-to-adopt-tir-conventionMUSCAT: May 17, 2017. The International Road Transport Union (IRU) is to support the Oman Global Logistics Group (OGLG) in developing Oman as a major...
Written on 15/05/2017, 21:56
record-port-call-for-savannahSAVANNAH, GA: MAY 15, 2017. COSCO Development, at 13,000 TEU the largest box ship to call at an U.S. East Coast port, moved a record 10,000 containers...
Written on 11/05/2017, 14:24
lufthansa-cargo-still-caring-for-humansMUNICH: May 10, 2017. Lufthansa Cargo has celebrated the 10th anniversary of its employee-inspired humanitarian logistics program Cargo Human Care (CHC)...
Written on 10/05/2017, 20:34
renewed-b-logistics-rebrands-as-lineasMUNICH: May 10, 2017. Less than two weeks after it re-launched itself as Lineas, rail logistics company B Logistics has come to transport logistic in...
Written on 09/05/2017, 21:52
cranes-get-a-lift-from-hansaHAMBURG: May 09, 2017 – Hansa Heavy Lift (HHL) has moved two 870 tonnes cranes from a decommissioned power station at London's port of Tilbury to...
Written on 09/05/2017, 18:49
ups-to-handle-dubai-expo-logisticsDUBAI: May 09, 2017. UPS is to sponsor the logistics for World Expo 2020 Dubai, to be held between October 2020 and April 2021. The company has also...
Written on 09/05/2017, 16:51
cargolux-carrier-of-choice-emirates-skycargoMUNICH: May 09, 2017. Emirates SkyCargo and Cargolux are to share aircraft capacity, networks and respective hubs in Dubai and Luxembourg in a new...
Written on 05/05/2017, 20:30
new-multipurpose-service-links-u-s-and-mediterraneanLEER, Germany: May 03, 2017. Multipurpose vessel operator BBC Chartering is adding ocean capacity between the Mediterranean and the US- East Coast, with...
Written on 04/05/2017, 20:42
royal-schiphol-group-costs-klm-millions-claimAMSTERDAM: May 04, 2017. KLM reported Q1 2017 revenue of €2.2 billion - a 3.3 percent rise over the same period last year. EBITDA increased €14 million to...
Written on 04/05/2017, 19:06
bmw-to-increase-rail-link-to-chinaMUNICH: May 03. China's news agency Xinhua reports BMW plans to increase its use of 'Silk Road' rail networks to ship components from Europe. According...
Written on 03/05/2017, 20:21
ethiopian-provides-support-for-drought-reliefTOULOUSE: May 02, 2017. German NGO humedica e.V and UK non-profit Aviation without Borders have used an Ethiopian Airlines A350 XWB delivery flight to...
Written on 28/04/2017, 19:13
amazon-3rd-party-fulfillment-revenue-up-34-percentSEATTLE: April 28, 2017. Amazon has reported net income of US$724 million on sales of US$35.71 billion for the first quarter of 2017. Results for the...

- powered by Quickchilli.com -