NEWS\\\
Best April ever at Port of Long Beach
Cargo volumes handled in April at the Port of Long Beach (POLB) eclipsed a record set 13 years ago. Dockworkers at marine terminals moved 628,121 TEUs
in April. The previous high was 619,512 TEUs in April 2006. Imports in April 2019 rose 1.8% to 317,883 TEUs compared to last year. Exports decreased 12.7%
to 123,804 TEUs, while empties rose 13.5% to 186,435 TEUs. Total container volume was up 1.6% over April 2018. POLP Executive Director Mario
Cordero said the surge in empties shows the lingering impacts of the rush of imported cargo in fourth quarter 2018 as retailers stocked goods to outrun potential tariffs. “Ocean carriers have been
busy repositioning containers back to Asia aſter sending so many to North America late last year,” said Cordero. “With peak season approaching, we’re expecting imports to continue to grow, but it’s clear exports are suffering under the weight of tariffs.” “I
commend our supply
chain partners for their work in making April so successful,” said Long Beach Board of Harbor Commissioners President Tracy Egoscue. “They’re part of a vital link in the world economy. This trade gateway moves $1 billion in goods each day.” Four months into 2019, PLOB
Volumes hit 688m121 TEUs in April at the Port of Long Beach. (POLB photo.) News Roundup
Hapag-Lloyd closed the first quarter of
2019 with a significantly higher Sea
operating profit as Earnings before interest and taxes (EBIT) increased to EUR 214 million (Q1 2018: EUR 51 million). The Group net result increased to EUR 96 million (Q1 2018: EUR -34 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) rose to EUR 489 million (Q1 2018: EUR 216 million), also impacted by the first-time application of the reporting standard IFRS 16.
On May 14, the Port Commission unanimously approved a resolution authorizing the Port of Everett to set a public meeting to consider taking final action of legal proceedings, if necessary, to acquire by condemnation the 67-acre former Kimberly-Clark (K-C) mill site.
The Hamburger Hafen und Logistik AG (HHLA) enjoyed a successful start to the 2019 financial year. In a challenging market environment, revenue and the operating result rose strongly in the first three months along with further improvements in profitability. Container throughput increased slightly, partly due to the successful integration of the Estonian terminal operator HHLA TK Estonia last year. Extremely positive performance in container transport and property management led to a revenue of €347.6 million (+10.3 %). The operating result (EBIT) was far above the level of last year, increasing by €11.8 million or 24.5 % to €59.7 million. Effects from the initial application of the IFRS 16 standard only resulted in an increase of €3.5 million.
The container sector was among the fastest growing sectors at the Port of Montreal in 2018, up 9% over 2017 with close to 1.7 million TEUs transiting through all five terminals. Market diversification and the positive impact of the Comprehensive Economic and Trade Agreement are among the key elements in this success. Attesting to this vitality in the container sector in 2018, Maersk launched a new service connecting Montreal to Mediterranean ports, and Hamburg Süd joined the international container shipping lines serving the Port. This trend is continuing in 2019 with the arrival of COSCO SHIPPING LINES in Montreal.
has handled more than 2.4 million TEUs, 3.1% off last year’s pace.
$15M FAA grant strengthens
Rickenbacker’s global growth plans
Issue 5 2019 - FBJNA
publishes second sustainability report
Hapag-Lloyd
Ninety percent of all goods traded worldwide are transported by ship. With its 227 vessels, Hapag-Lloyd transports approximately 12 million containers per year. Container shipping thereby makes a significant contribution to a well- functioning global trade net- work. As one of the largest liner shipping companies, Hapag-Lloyd bears a special responsibility for the environment, for its customers and shareholders, and for its employees. The current sustainability
report, titled “Gathering Pace Together”, also includes the legally required non-financial report. As part of the reporting, the reader gains insight into the broad spectrum of Hapag- Lloyd’s sustainability-related activities, which deal with topics such as combating corruption, employee training and data protection. Furthermore, Hapag-Lloyd
presents its environmental sustainability management and formulates ambitious targets for the years ahead. “In 2018, we were once again able to reduce the fuel consumption of our global fleet through efficiency measures. We have also lowered our specific emissions. This puts us on track to achieve our target of a 20 percent reduction by 2020,” says Jörg Erdmann, Senior Director Sustainability Management. Another important point
A shipment of goods and horses are loaded onto a Cargolux aircraſt at Rickenbacker International Airport in Columbus, Ohio. Cargolux is one of six scheduled international air freight carriers operating through Rickenbacker. (Columbus Regional Airport Authority photo.)
Rickenbacker International Airport (LCK) is slated to receive $15 million from the Federal Aviation Administration for airport improvements, including runway upgrades, that will support a projected tenfold increase in cargo activity over the next 20 years. “The FAA grant and these improvements align with
Rickenbacker’s growth strategies over the next two decades,” said Joseph R. Nardone, President & CEO of the Columbus Regional Airport Authority that oversees the cargo-focused airport. “Infrastructure is the shot
in the arm our economy needs to continue its growth, and this investment in
Central Ohio is no exception,” Congressman Steven Stivers said. “Rickenbacker is a critical component of our community for tourism and business, and maintaining their facilities is in everyone’s best interest. I’m glad to see that the FAA understands that and is committed to fulfilling the full grant amount that was requested for these crucial repairs.” Rickenbacker is among a select group of airports to
is the International Maritime Organization’s global fuel regulation IMO2020. This regulation, which will enter into force on Jan. 1, 2020, will lower the cap for sulphur content in marine fuels from 3.5 to 0.5%. “The new regulation is an
important step on the way to lower-emission shipping,” Erdmann adds. “Even though the switch to low-sulphur fuels will entail significant costs, we are convinced that this directive is necessary. And we are prepared, as our fleet will operate using compliant fuels by Jan. 1, 2020. In addition, we are testing other options, and Hapag-Lloyd will be the first shipping company to convert a large container ship to climate- friendly liquefied natural gas.” For this year’s sustainability
report, Hapag-Lloyd incorporated the Sustainable Development Goals (SDGs) of the United Nations for the first time. The SDGs consider all three dimensions of sustainability – the economy, the environment and social commitment – and help companies to design their business processes to be sustainable over the long term. Hapag-Lloyd’s activities contribute to 6 of the 17 overall goals. For ex-ample, measures aimed at optimizing the structure of the fleet have contributed to lower fuel consumption and thereby contributed to the goal of climate protection.
benefit from the Bipartisan Budget Act of 2018 that made available an additional $1.5 billion of supplemental Airport Improvement Program funding. This budget deal was signed into law in February 2018. Recognized in the industry as a new global gateway for cargo, Rickenbacker contributes 15,280 jobs, $880 million in annual payroll and $2.5 billion in annual economic impact in Ohio.
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