Friday, August 18, 2017

Market Briefing from WorldCargo News Online

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Market Briefing

Maersk CEO sees sustained profitability on the horizon for Maersk Line
After Maersk Line posted revenue growth of over US$1 billion in Q2, Maersk Group CEO Soren Skou said the container shipping business is now showing the strongest fundamentals since 2010....
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US$100M loss for APM Terminals
Maersk Transport & Logistics company APM Terminals reported a loss in Q2 2017 after it booked a US$250M impairment charge on its assets....
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Box removal gets underway on grounded vessel
Having removed fuel oil from the KEA TRADER, work is now underway to remove containers from the ship, but could take months to complete....
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Cyber attack to cost Maersk US$200 - $300M
Maersk Group gives further details on the affect of the NotPetya cyber attack on its business....
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Truck delays in Kingston, Jamaica
Local media are reporting "chaos" as Kingston Freeport Terminal Limited converts from the Cosmos TOS to Navis N4 at the same time as trying to clear a backlog from a truckers' strike....
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Speed reductions in Gulf of St. Lawrence
Transport Canada imposes a 10 knot limit on vessel speed to protect whales in the Gulf of St. Lawrence....
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CSCL Jupiter re-floated
The 14,000 TEU vessel was re-floated last night after earlier grounding in the river Scheldt outside of the Port of Antwerp....
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Euroconsol on the Silk Road
Poland NVOCC specialist EuroConsul is now offering services connecting China and Poland by rail....
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ZIM's on-time performance
Three ZIM services on the Asia-America trade recorded a 100% on time reliability score in July....
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US imports surge
Figures from the leading US container ports for July make good reading for US port authorities, but the fact that the fastest growing cargo category is empty container exports highlights that the US trade deficit with China is expanding....
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140 moves an hour for Tecon Rio Grande
After installing new cranes and upgrading to Navis N4 TOS, Tecon handles more containers with fewer cranes....
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Vessel aground in Antwerp
The Cosco Shipping Lines vessel Jupiter has run aground in the river Schelde, blocking access to the port of Antwerp....
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Gulftainer boasts IndiaMed record
Gulftainer has marked the maiden call of the CMA CGM VIRGINIA at Khorfakkan...
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