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Soft Retail News

14 May 2016

Long Beach Port Shipments Decline

Following a solid first quarter, Port of Long Beach container cargo volumes decreased in April compared to the same month in 2015, after lower-than-expected consumer spending in recent months. The decline also reflects evolving vessel alliances that have shifted ship deployments. Overall, Port container cargo volume was down 22.1 percent last month, compared to April 2015. Amid a soft retail climate in the U.S. and economic woes overseas, the decline in imports was accompanied by exports that were down 18 percent due to the continued strength of the U.S. dollar. Commenting on the volume decline, Port of Long Beach CEO Jon Slangerup said: "The additional berthing choices offered by vessel alliances are dispersing cargo across more terminals and ports.

30 Sep 2013

Port of Melbourne's Mixed Fortunes in 2012-2013

Photo courtesy of PoMC

The Australian Port of Melbourne (PoMC) showed a strong balance sheet as it advances the Port Capacity Project and other port infrastructure, Minister for Ports David Hodgett announced before the State of Vicoria Parliament. PoMC recorded an overall profit after tax of $65.9 million for 2012-13 against the background of a small decline in overall trade of 1.6 per cent on the previous year. Detailing the full year trade results, Mr Hodgett explained that while total container volumes declined marginally from last year’s record peaks…

25 Oct 2012

NOL Reports $50 Million Profit

Increased operational efficiency, better market conditions boost Group’s performance. NOL Group  reported net earnings of $50 million for the third quarter of 2012, a $141 million turnaround from the $91 million net loss in the third quarter of 2011. It was the first time since the fourth quarter of 2010 that the global container shipping and logistics group posted a net profit. Singapore-based NOL attributed the improvement in financial performance to increased cost efficiencies, stable rates and volume growth.