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CSAV Returns to Profitability After Major Restructuring
Nov 2, 2012 ... for the quarter fell to $854.7 million from $1.15 billion in the same period last year. "Container shipping services bunker cost is the main single component of CSAV's cost of sales, ...
Now is a Good Opportunity to Lock Up Cheap Bunkers for 2013
Nov 2, 2012 ... to September 2012, it estimated that Asia-Europe capacity will decline 18% in 4Q12-1Q13. Maersk has said it will be reducing its Asia-Europe capacity by 25% for the forth quarter of this ...
Coastline Speed Limit Could Drop Emissions 70%
Oct 30, 2012 ... that it will reduce vessel speeds 18 percent to 9 knots (10.4 mph) to reduce bunker costs, and Maersk Tankers has previously said it has been able to reduce bunker costs 50 percent by dropping ...
MAN Presents First EGR Tier III-Compliant Engine
Oct 30, 2012 ... was presented at HHI-EMD production facilities in Ulsan, South Korea, and will be installed in a Maersk Line C-class container vessel to be delivered in the first quarter of 2013 for service in ...
Reefer Rate Rise Causes Concern for Exporters
Oct 29, 2012 ... on smaller exporters, citing one who would see and extra $100,000 in transport costs. While Maersk is the only company to have actually raised its rates, Greg Steed, chair of the New Zealand ...
Box Volumes, Revenues up at OOCL
Oct 23, 2012 ... comes despite the market suffering from over supply and falling freight rates, which have lead Maersk to say it was shifting its focus away from containers, and NYK Line to say it "cannot ...
Report Sees Route to Profits for Container Carriers
Oct 11, 2012 ... idling vessels, and scrapping tonnage but also intelligently pricing services." A.P. Moller-Maersk (Maersk) recently announced that it is shifting its focus away from its container shipping ...
Maersk to Shift Focus Away from Containers
Oct 10, 2012 ... the face of a volatile container shipping market, A.P. Moller-Maersk (Maersk) is shifting its focus toward its oil, terminals, and drilling businesses, Reuters reports. The Danish company has ...
Maersk CEO Says No to Price War
Sep 18, 2012 ... shipping rates are steady or even slightly declining, but A.P. Moller-Maersk (Maersk) is rejecting a price war and hiking its rates, CEO Nils Anderson told Reuters. Anderson, who ...
New APL Ships To Be 20% More Fuel-Efficient
Sep 6, 2012 ... is now building the first of the new ships, which is scheduled to be delivered next year. Maersk Line is also taking steps toward more energy-efficient hull design, and is adding 20 ships ...