OPERATING RESULTS

Hapag-Lloyd enjoys improved operating results

On the basis of preliminary figures, Hapag-Lloyd’s earnings before interest and taxes (EBIT) for the 2019 financial year significantly increased to US$ 875 million (2018: US$ 480 million). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to US$ 2,145 million (2018: US$ 1,23 million).

The main drivers of the positive business developments have been improved freight rates as well as rigorous cost and revenue management, according to Hapag-Lloyd.

The 2019 results include...

https://container-news.com/hapag-lloyd-enjoys-improved-operating-results/

OOCL enjoys volume and revenue growth

For the fourth quarter of 2019, OOCL’s total volumes were 4.8% up from the same period last year, according to the company’s release.

OOCL says that total revenues increased by 2.3% to US$1.60 billion, while loadable capacity increased by 2.6%. In addition, the overall load factor was 1.8% higher than the same period in 2018 and overall average revenue per TEU decreased by 2.4% compared to the fourth quarter of last year, according to the announcement.

OOCL adds that for the full year of 2019,...

https://container-news.com/oocl-enjoys-volumes-revenue-growth/

HHLA continues its success, but uncertainties on the rise

– Group revenue increases by 8.3 percent; Group operating result (EBIT) rises by 12.4 percent
– Marked rise expected in the operating result for the year as a whole, moderate growth in the Container segment and strong increase in the Intermodal segment
– Chairwoman of the Executive Board, Angela Titzrath: “The challenges facing the logistics industry remain significant in an increasingly volatile market environment.”

Hamburger Hafen und Logistik AG (HHLA) continued its positive performance in...

https://container-news.com/hhla-success-uncertainties/

Matson maintains full year 2019 operating income outlook

  • 3Q19 EPS of $0.84 versus $0.97 in 3Q18
  • 3Q19 Net Income of $36.2 million versus $41.6 million in 3Q18
  • 3Q19 EBITDA of $89.1 million versus $91.5 million in 3Q18
  • Maintains Full Year 2019 Consolidated Operating Income Outlook

Matson, a leading U.S. carrier in the Pacific, reported net income of $36.2 million, or $0.84 per diluted share, for the quarter ended September 30, 2019. Net income for the quarter ended September 30, 2018 was $41.6 million, or $0.97 per diluted share. Consolidated revenue...

https://container-news.com/matson-full-year-2019-operating-income-outlook/

COSCO SHIPPING Ports announces 3rd quarter results

COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”) announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September 2019.

2019 Third Quarter Results Highlight

  • Revenue was US$254.7million, +0.7%yoy
  • Gross profit was US$66.6million, -12.1%yoy
  • Share of profits from JV and associates was US$71.3million, +2.7%yoy
  • Net Profit was US$71.8 million, -4.4%yoy

2019 9 Months Results Highlight

  • Revenue was US$772.6million,...

https://container-news.com/cosco-shipping-ports-results-2/

OOCL announces 3rd quarter results

For the third quarter of 2019 (ended 30th September 2019), total volumes were 4.1% up from the same period last year. Total revenues increased by 5.8% to US Dollars 1,646.2 million. Loadable capacity increased by 4.7%. The overall load factor was 0.4% lower than the same period in 2018. Overall average revenue per teu increased by 1.6% compared to the third quarter of last year.

For the first nine months of 2019 (ended 30th September 2019), total volumes increased by 3.5% over the same period...

https://container-news.com/oocl-results/

Abu Dhabi Ports achieves outstanding half-year performance

H.E Falah Al Ahbabi: Our performance reflects the strength of our economy and supports the vision of our leadership

  • Total cargo handled across all Abu Dhabi Ports is up 10%
  • Container volume at Khalifa Port increases 82.4% year-on-year
  • Cruise passengers top 320,000 – a rise of more than a third
  • Cruise ship visits jump by 38%
  • KIZAD now home to more than 500 companies

Abu Dhabi Ports, one of the UAE’s leading proponents of regional trade and investment, revealed robust operational performance with...

https://container-news.com/abu-dhabi-ports-half-year-performance/

ZIM enjoys Q2 profit boom

  • Total revenues in Q2 2019 were $834.3 million, reflecting an increase of 3.9% compared to $803.2 million in Q2 2018
  • In Q2 2019, ZIM carried 731 thousand TEUs, the second highest ever carried volume (reflecting a decrease of 5.3% compared to 772 thousand TEUs in Q2 2018, ZIM’s all-times record)
  • Adjusted EBITDA of $94.4 million in Q2 2019, compared to $24.3 million in Q2 2018
  • Adjusted EBIT of $38.7 million in Q2 2019, compared to a negative Adjusted EBIT of $3.1 million in Q2 2018
  • Net profit of...

https://container-news.com/zim-enjoys-q2-profit-boom/

ICTSI presents strong half-year performance

  • Throughput grew 7% to 5.0 million TEUs
  • Revenues increased 14% to US$751.8 million
  • EBITDA 19% higher to US$424.4 million

Enrique K. Razon, Jr., President and Chairman of ICTSI said:

“ICTSI’s performance in the first half of 2019 has been very positive. The group’s focus on generating high quality earnings from our ports, ramping up activities at our newer terminals and strong cost control has enabled us to continue to deliver on our strategic objectives. Our business remains relatively...

https://container-news.com/ictsi-presents-strong-half-year-performance/

CN delivers record second-quarter results

Canadian National reported its financial and operating results for the second quarter ended June 30, 2019.

“The CN team delivered record second-quarter results, and we remain optimistic on CN’s volume prospects in the second half of the year while maintaining our vigilance on costs,” said JJ Ruest, president and chief executive officer of CN. “Our focus on delivering profitable growth and advanced technologies to modernize our scheduled railroading model is expected to continue driving long-term...

https://container-news.com/cn-delivers-record-second-quarter-results/

+ More