MOL Closing in on Steady 90% Performance Target

Press Release
Thursday, April 18, 2013

MOL (America) Inc. announce intermodal transit on-time performance results for January-March 2013.

MOL’s overall intermodal transit on-time performance was 71% for January-March 2013, for the three origin ports in Asia, to the six inland destinations in the United States. 

MOL did not perform at or above the 90% target for any of the origin/destination combinations in January-March 2013. However, the result for the PSX to Memphis was 87% and the result for the PCX to Dallas was 86%.  Overall performance was impacted by:
•    Late arriving vessels. PCX (three vessels at least 20 hours late and one vessel 87 hours late) and PSX (two vessels 40 hours late).
•    Chassis shortages, shortened work weeks due to holidays, labor disruptions and increased IPI volume due to labor concerns. These issues were most pronounced around and after the holidays and took a period of time to catch up with the backlog. Overall intermodal transit on-time performance improved in February (88%) and March (81%) versus January (49%).

It should be noted that:
•    The PSX met the 90% KPI target in February and was 86% in March after performance was 46% in January.
•    Our rail performance, measured independently from vessel performance, was 97% in these PCX lanes.
•    Our rail performance, measured independently from vessel performance, was 97% in these PSX lanes.

MOL will continue to work with their rail partners and address specifics of operation with the terminals to improve performance.

MOL say that they also report vessel on-time performance in a separate quarterly report.


 

 


People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Container Ships

Maersk Line's Innovative Smart Reefers

Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

Intermodal

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Logistics

SOS from Hanjin Shipping

The creditors' extended help is crucial for survival of Hanjin Shipping Co as its negotiations with owners of chartered ships over a cut in leasing rates and to

How Rapid is the Fleet Growth?

During July 2016, the containership fleet reached a landmark 20 million TEU in terms of aggregate capacity, says Clarksons Research.   To many it only seems

Maersk Line's Innovative Smart Reefers

Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line.

 
 
Maritime Careers / Shipboard Positions Maritime Security Offshore Oil Pipelines Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0973 sec (10 req/sec)