Kerry Logistics stays bullish as profits decline in a 'tough market'
Hong Kong-headquartered 3PL Kerry Logistics Network (KLN) today was the latest freight service provider to ...
APM Terminals achieved a very impressive 30% quarter-on-quarter increase in its Q1 profits to $215m earned from the 9.4m teu processed at its 65 terminals around the world – up 9% on the same period of 2013.
APMT has positively contributed to AP Moller Maersk’s bottom line year after year; while those with longer memories will recall that its container carrier subsidiary was for many years following the acquisition of P&O Nedlloyd – loss-making when its peers were profitable.
APMM chief executive Nils Andersen heaped praise on the group’s terminal sector during the Q1 interim report this week saying it “continued to develop in a postive direction”.
Moreover, it is noted from the accounts that APMT’s return on invested capital (ROIC) for the quarter improved from 12% to 14% – somewhat more impressive to investors than Maersk Line’s ROIC of 9% for the period.
'Mass-casualty incident' as Maersk box ship destroys Baltimore bridge
Shock for CMA CGM as a deputy CEO decides to quit
Diversions from Red Sea proving a real ‘silver lining’ for carriers
Could the Dali have suffered a power loss before bridge crash?
Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
Strike paralysing Finnish ports extended after talks collapse
Indian Customs to auction uncleared export boxes at Nhava Sheva
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article