Philly’s on a roll.
The Port of Philadelphia’s Southport Auto Terminal is the best on the East Coast
The only East Coast auto terminal above 100-year floodplain • Purpose-built to maximize KPIs & boost velocity from car ship to dealership • Ship Philly First
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ISSUE 8 2020
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Feature: RO/RO Roller Coaster Volumes p.10
Flatrack?
Feature: Stevedores and Terminals Mixed Bag for 2020 p.16
exceptionally high quarterly profits
lines record Shipping
Shipping lines are indicating profits despite a tough year for
economies around the
globe largely due to COVID-19. Announcements in November indicate positive news from a wide host of steamship lines. Maersk announced that
it matched third-quarter profit expectations on amid a
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pickup in demand. Revenue fell by 1.4% on the year, less than corporate executives had expected. According to its earnings report, declines in the company’s Ocean and Gateway Terminals operations were “partially offset by a revenue increase in Logistics & Services of 11% due to acquisitions.” Maersk faced a sharp drop
in volumes in the previous quarter but realized a spike in demand in the third quarter as measures to contain the coronavirus pandemic were eased around the world. Container shipping group CMA CGM reported that its shipping activity remained strong in the final quarter of 2020 after a rebound from initial coronavirus-related disruption boosted the French company’s profits.
third-quarter
point for
CMA CGM executives to
strong e-commerce
shipments as
the
coronavirus pandemic shifts consumer demand online. COSCO Shipping Holdings
Co. said its nine-month net profit jumped 82% from a year earlier, driven by higher revenue and investment income. Net profit for the
January-to-September period was $576.7 million. Revenue grew 5.5% from a year earlier, mainly driven by container shipping. Israeli carrier Zim
announced its highest quarterly profits in Q3 net profit of $144.4 million, a whopping 2,818% increase over the $5 million it recorded in the third quarter of 2019. Adjusted ebitda of $262.1
million in the third quarter was also a record, and compares with $106.8 million in Q3 19, representing an increase of 145.4%. Total revenues for the period were $1.013 billion, its highest level for eight years and an increase of 20.3% over the $842m it earned in the third quarter of 2019. “While market conditions
were favorable in some trades, we are still facing the challenges of the pandemic, and market volatility remains high,” said Eli Glickman, ZIM President & CEO. “Nevertheless, our agile
response to market
developments enabled us to perform better than ever in the current ‘new reality’ and deliver these excellent results.” This year ZIM continued
to expand its global network, attending to customers new products’ demand. Improved commercial and service performance levels have resulted in outstanding financial and operational performance during the third quarter of 2020. “Following the successful
launch of new specialized services for the fast-growing
+ our regular From the Editor p.4
Shipping Roundupp.2 Logistics Roundupp.3
Road & Rail Roundup p.5 Airfreight Roundup p.6
e-commerce sector, we further expanded our reach and our offer to customers,” Glickman said. “During the quarter we also announced several new initiatives, aimed at harnessing our technological and innovative expertise to shipping-related fields.”
In this Issue
News World’s largest
low profile cranes arrive Port
Everglades p5
ANTONOV Air- lines transports high-tech racing yachts p6
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