Singamas looks to container leasing as box sales decline
Singamas, the world’s fourth-largest container manufacturer, is to target more revenue from leasing, rather than ...
Emirates has published its annual report, a 198-page document outlining its successes in the face of challenges. There is a lot in there, but the freight headline figures are these: some 60% of the total group’s revenue derived from cargo; SkyCargo added 19 777-300ELR ‘mini-freighters’ – but ‘real’ freighters accounted for 62% of volumes, while pre-pandemic they carried just 23% of total volumes. Total volumes carried were 1.87m tonnes, down from 2.38m a year earlier. Yet revenues, benefiting from an average 75% increase in air freight rates, rose 52.6% to AED17.1bn ($4.62bn). And yields per FTKM nearly doubled.
Overall, however, Emirates Group posted its first loss in more than 30 years: it lost AED22.1bn ($6bn) for the financial year ending 31 March – compared with a AED1.7bn profit ($456m) a year earlier.
Carriers still need another 400,000 teu to maintain services
CMA CGM commits to no job cuts for a year, following Bolloré deal
Transpacific freight rates – it’s all about 'who blinks first'
Hapag-Lloyd in choppy water as volatile market sinks profits
Stock sinks, losses mount and guidance weighs heavy for Zim
Rate hikes eclipse Red Sea diversion costs, boosting carrier profits
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