Rickmers Group said “strained” markets, currency exchange and weak charter rates contributed to revenue and profit declines in the first half of 2014, and that conditions will remain difficult through the rest of the year.
11 Jun 2014
Lufthansa today warned that an expected rebound in its cargo business hasn’t materialized and there’s no pickup in sight as it lowered its profit targets for the next two years.
10 Jun 2014
Container ships with capacities of 10,000 TEUs or greater are more likely to be delayed at European ports than smaller vessels.
20 May 2014
20 May 2014
The Port of Hamburg’s container traffic grew by a market-beating 8 percent in the first quarter.
15 May 2014
An aggressive focus on operating efficiency is reflected in the first quarter results of Neptune Orient Lines, Hanjin and Hapag-Lloyd, although the savings were not enough to offset the effects of excess capacity, high bunker prices and weak freight rates that continue to plague the industry.
14 May 2014
Resurgent cargo flows on the Far East-Europe trade boosted HHLA’s first quarter earnings, but the rise of ocean carrier alliances is among the “fundamental uncertainties” clouding the rest of the year, Hamburg’s biggest container handler cautioned.
13 May 2014
Hapag-Lloyd today pinned its financial future to the expansion of the G6 Alliance into the key east-west liner trades and its takeover of Chile’s CSAV, as its first-quarter loss widened and revenue declined.
06 May 2014
Lufthansa Cargo said it will expand its “lucrative “express products business in 2014 as first quarter profit declined 25 percent year-on-year in a stalling global air freight market.
30 Apr 2014
Ron Widdows, the high-profile U.S. chief executive officer of Rickmers Group, will step down from his post tomorrow, May 1, the leading German shipowner announced today as it posted its 2013 results.