Loadstar posts Archives - Page 186 of 298

Hapag-Lloyd ‘profit before market share’ strategy pays dividends

14 November 2019

Hapag-Lloyd succeeded in putting “profits over market share” in its third quarter, according to container shipping analyst Lars Jensen.
The carrier posted a net profit of $168m in Q3, achieved from higher average freight rates on flat volume growth.
For the nine-month period, net profit was $333m, which compares with a surplus of just $15m for the same period of last year, and at ebitda level, the nine-month result came in 75% higher than …

The post Hapag-Lloyd ‘profit before market share’...

https://theloadstar.com/hapag-lloyd-profit-before-market-share-strategy-pays-dividends/

Ratifying UK-EU deal will be ‘just the start of Brexit, not the end’, says UKWA

13 November 2019

The turgid state of UK politics is characterised by what appears to be ceaseless lying by all political parties, claims the UK Warehousing Assocation.
One popular phrase, much-repeated by the prime minister, is “get Brexit done”, but Peter Ward, UKWA chief executive, said his plan, via an EU withdrawal agreement, was “deeply misleading” and “couldn’t be further from the truth”.
Mr Ward said: “What it really means is ratifying an agreement which will signify the …

The post Ratifying UK-EU deal...

https://theloadstar.com/ratifying-uk-eu-deal-will-be-just-the-start-of-brexit-not-the-end-says-ukwa/

Ambitious Sri Lanka wants to become a global maritime and logistics centre

13 November 2019

Sri Lanka has ambitions to move up from being a south Asia transhipment hub to a global maritime and logistics centre on a par with Dubai and Singapore.
“Geographically, what a lot of people don’t understand, is Sri Lanka has immense advantages,” said Rohan Masakorala, chief executive of Shippers’ Academy Colombo.
“We’re in the middle of the Indian Ocean, with these two hubs almost equally either side: Sri Lanka is four days’ …

The post Ambitious Sri Lanka wants to become a global maritime and...

https://theloadstar.com/ambitious-sri-lanka-wants-to-become-a-global-maritime-and-logistics-centre/

Trade war ripples rock transpacific: first eastbound volume decline in ten years

13 November 2019

The lack of developments on negotiations between China and the US on tariffs is expected to contribute to the first full-year decline in volumes on the headhaul eastbound transpacific trade since the global financial crisis.
The last time the trade saw volumes decline was in 2009, in the wake of the collapse of Lehman Brothers and when global port throughput fell by around 10%.
According to an Alphaliner forecast today, eastbound transpacific …

The post Trade war ripples rock transpacific: first...

https://theloadstar.com/trade-war-ripples-rock-transpacific-first-eastbound-volume-decline-in-ten-years/

Market insight: Toft’s quick exit from APMM – it was ‘the hardest decision in my life’

13 November 2019

While checking the rocketing share price of AP Møller-Mærsk (APMM) – up 35% from the multi-year lows it hit on the day Q2 results were announced – on a Bloomberg page on Monday afternoon, by pure coincidence the (until Monday) chief operating officer and board member of APMM, Søren Toft, popped up in a nice old interview headed “Maersk expanding portfolio of services“.
(By the way, that’s precisely what CMA CGM …

The post Market insight: Toft’s quick exit from APMM – it was ‘the hardest decision...

https://theloadstar.com/market-insight-tofts-quick-exit-from-apmm-it-was-the-hardest-decision-in-my-life/

Xpediator poaches new CFO, Rob Ross, from Europa Worldwide

13 November 2019

Rob Ross is to leave Europa Worldwide, where he is finance director, to join Xpediator as chief financial officer in January.
Mr Ross has been at Europa for four years. Prior to that he worked for PwC for a decade, specialising in retail, leisure and consumer, and working “extensively” with private equity houses.
Mr Ross will replace Richard Myson, interim CFO, who will become chief commercial officer,
Stephen Blyth, chief executive officer of Xpediator, said: “I am delighted Robert is...

https://theloadstar.com/xpediator-poaches-cfo-rob-ross-from-europa-worldwide/

Slowly, but surely, ‘digital’ and ‘traditional’ forwarders are getting closer

13 November 2019

Incumbent forwarders with an interest in obscuring transparency have played a role in slowing efforts to digitalise the industry, according to Martin Ring, global chief operations officer for Damco.
“There are forces in the industry that might not have had a great interest in accelerating digitalisation,” he told event group eft.
“That’s what they made a living out of – making the complicated understandable. And of course, when you see more digitilisation, you get more transparency and more...

https://theloadstar.com/slowly-but-surely-digital-and-traditional-forwarders-are-getting-closer/

Mark Frese to replace Nicolás Burr as CFO of Hapag-Lloyd

13 November 2019

Hapag-Lloyd has appointed Mark Frese (pictured above) to replace Nicolás Burr as its chief financial officer.
Mr Frese will join Hapag-Lloyd’s executive board on 25 November and take over Mr Burr’s role on 1 March 2020.
The 44-year-old Mr Burr, who began serving as Hapag-Lloyd CFO in March 2015 following its acquisition of CSAV, will leave on 29 February “to pursue new projects in Chile”.
Hapag-Lloyd chairman Michael Behrendt said: “During his five …

The post Mark Frese to replace Nicolás Burr...

https://theloadstar.com/mark-frese-to-replace-nicolas-burr-as-cfo-of-hapag-lloyd/

PayCargo instant payments system takes off in air cargo

12 November 2019

PayCargo has launched itself with much fanfare into the air cargo industry.
The firm began its business – instant payments between forwarders/agents and carriers – a decade ago in the ocean freight trade, building up some 2,500 vendors on its books and nearly 13,000 payers.
And its popularity is continuing, according to its chief executive officer for the Americas, Lionel van der Walt.
“This is a big marketplace that’s so behind in terms of tech,” he said. “There is …

The post PayCargo instant...

https://theloadstar.com/paycargo-instant-payments-system-takes-off-in-air-cargo/

Profits on the up at Deutsche Post-DHL as third-quarter earnings soar

12 November 2019

Financial analysts today welcomed Deutsche Post-DHL’s third-quarter results, which showed higher profits, despite worsening trade.
The company posted an extraordinary 151% increase in earnings before interest and tax (ebit) of €942m, compared with €376m in the third quarter of last year.
However, the figures were skewed by investments in “property, plant and equipment in the Express division”, as well as a non-recurring expense in its Post & Parcel division last year of …

The post Profits on the...

https://theloadstar.com/profits-on-the-up-at-deutsche-post-dhl-as-third-quarter-earnings-soar/

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