Maersk Line today posted a lower profit for the fourth quarter of 2013, but its full-year profit tripled, thanks to higher volumes and steep cost cuts, which offset lower freight rates.
APM Terminals
Press Releases
20 Feb 2014
APM Terminals has formed a 50-50 joint venture with infrastructure investor Brookfield Asset Management for ownership of APMT’s Port Elizabeth, N.J., container terminal at the Port of New York and New Jersey.
06 Feb 2014
After more than five years of inertia in the marine terminal business, the industry is beginning to churn. Some investors who spent billions of dollars in the mid-2000s to buy into container terminals want out, while others see this as a good time to invest in the industry.
26 Jan 2014
India’s Port of Jawaharlal Nehru, which has been plagued by labor troubles in recent months, is bracing for yet another disruption to shipping as the port trust announced a nearly six-week partial shutdown of the port-run container terminal, beginning in mid-March, for harbor crane replacement.
17 Jan 2014
The polar vortex didn’t put the U.S. into a deep freeze for long but the widespread chill is still causing transportation problems for shippers, railroads and drayage truckers. Those problems may be contributing to stronger-than-usual business for over-the-road truckers.
06 Jan 2014
Maersk Tankers has sold its fleet of 15 very large crude carriers to Euronav, a Belgian tanker operator, for $980 million, allowing A.P. Moller-Maersk to focus on its core businesses.
02 Jan 2014
Maersk is reportedly close to selling its fleet of 15 very large crude carriers as it continues to offload non-core operations to focus on container shipping.
30 Dec 2013
Russia’s Global Ports has completed the $1.6 billion acquisition of its domestic rival NCC to create Eastern Europe’s biggest container terminal operator.
11 Dec 2013
Technology can help speed the flow of containers handled by a terminal, but technology alone can’t solve the crunch, one terminal executive told JOC's first Port Productivity Seminar.
20 Nov 2013
APM Terminals Rotterdam Maasvlakte I in the Netherlands has plans to enhance five of its existing post-Panamax cranes to a 23-container row reach...
15 Nov 2013
Slowdowns by container truck drivers at the Gateway Terminals operated by APM Terminals threaten to worsen congestion in Nhava Sheva Port (Jawaharlal Nehru), India’s largest container gateway.
13 Nov 2013
APM Terminals boosted third quarter profit to $203 million, from $156 million a year earlier, driven by sharply higher earnings at associated companies and joint ventures.
