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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


PAGE 14


ISSUE 8 2020 www.fbjna.com


ACL_FBJN 2020_Layout 1 11/30/20 1:41 PM Page 1 www.philaport.com


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


stronger-than-expected FLATWRONG! Why would you consider shipping your


high valued, out-of-gauge cargo on a flatrack, when there’s a 100% underdeck alternative?


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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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