End-of-year cargo surge adds to operational challenges at JNPT
Container lines are reporting more operational challenges at India’s Nhava Sheva Port (JNPT) as they ...
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By Mike Wackett
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.
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