Q3

CMA CGM Profitability Drives Up Amid Stronger Q3 Demand

  • CMA CGM has joined its liner peers in posting a huge profit for the third quarter of  $567m.
  • Carryings on CMA CGM vessels were up just 1% on the year before, at 5.59m teu, with the improved financials driven by a 6.8% decline in unit costs.
  • CMA CGM said it expected to report even better results from its ocean carrier business in Q4.
  • For the nine-month period, CMA CGM’s net profit was $751m, compared with a loss of $107m the year before.

CMA CGM has joined its liner peers in posting a huge...

https://mfame.guru/cma-cgm-profitability-drives-up-amid-stronger-q3-demand/

Envirocleanse inTank™ BWTS Bags Multiple 2019 Installation Orders

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  • Envirocleanse LLC has received multiple 2019 sales and installation requests for its patented inTank Ballast Water Treatment System.
  • inTank™ is the only Type Approved BWTS which treats water during the voyage, leaving port activities unchanged.
  • Q3 and Q4 2019 installations and fleet orders are coming earlier than expected, reports the company.

Envirocleanse LLC, division of Charter Brokerage LLC, a BERKSHIRE HATHAWAY company has received multiple 2019 sales and installation requests for its...

https://mfame.guru/envirocleanse-intank-bwts-bags-multiple-2019-installation-orders/

Trucking industry expected to remain on upswing through 2021

Despite economic conditions taking a dive due to COVID-19, the trucking market has persisted and looks to remain on an upward trajectory heading into 2021. The industry’s strong fundamentals have FreightWaves researchers suggesting that it may spark a multiyear upcycle for trucking.

In partnership with Blume Global and U.S. Bank, FreightWaves’ Freight Intel researchers have identified and analyzed the macroeconomic variables that shaped the dynamic freight landscape during the first half of 2020...

https://s29755.pcdn.co/news/trucking-industry-expected-to-remain-on-upswing-through-2021

Ocean Carriers Mend Their Q3 Margins With Lower Fuel Prices

Cheaper fuel prices saw ocean carriers improve their average operating margin to 3.6% in the third quarter, reports the Loadstar.

This compares with just 0.6% in Q3 last year and is despite a 1.8% decline in freight rates.

According to Alphaliner, the Q3 market leader was Hapag-Lloyd, with an operating margin of 7.8%, followed by Maersk, at 7.3%.

HMM has a negative quarter

Dragging down the average for the carriers that publish their results was HMM, with a negative operating margin of -5.7%,...

http://mfame.guru/ocean-carriers-mend-their-q3-margins-with-lower-fuel-prices/

Q3 Report: Maersk Benefits from Lower Fuel Prices

According to an article published in The Loadstar, the peak trade season has turned out to be a damp squib.

Upgradation to EBITDA guidance

Notwithstanding “slower global demand growth” and “lower freight rates” – indeed, the peak season turned out to be a damp squib, and container spot rates have collapsed since August – Maersk yesterday upgraded its EBITDA guidance for 2019 from $5bn to $5.4 – $5.8bn.

It attributes the better-than-expected full-year outlook to “strong reliability and capacity...

http://mfame.guru/q3-report-maersk-benefits-from-lower-fuel-prices/

European Fuel Oil Market Strengthens Ahead of IMO 2020

  • For Q3 reports, the high sulfur fuel oil market was relatively strong overcoming slack buying demand from Asia.
  • Singapore focused on running down existing HSFO inventories in preparation for the IMO’s 0.5% sulfur cap starting in 2020 lead to a surge in European stocks.
  • LSFO demand ballooned towards the end of the second quarter pushing up the Northwest European fuel oil hilo between 1% FOB NWE cargoes and 3.5% FOB Rotterdam barges.
  • Scandinavian refiners allocate 1% spot cargoes to the 0.5%...

http://mfame.guru/european-fuel-oil-market-strengthens-ahead-of-imo-2020/

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