Kenneth Glenn News

APL announced that it has reduced its fleet carbon dioxide emissions by 45.5 percent in 2015, compared to its emissions level in 2009. “APL has steadily reduced its year-on-year carbon emissions and this demonstrates the company’s unyielding focus on sustainable shipping,” said Kenneth Glenn, APL President. APL attributed its carbon emissions reduction to improvements in operational efficiency, fleet and voyage optimization, technical improvements, as well as a more fuel-efficient and environmentally-friendly fleet of vessels.

APL today announced that it has reduced its fleet carbon dioxide emissions by 45.5% in 2015, compared to its emissions level in 2009. This achievement marks APL’s highest carbon dioxide emissions reduction in the last six years. “APL has steadily reduced its year-on-year carbon emissions and this demonstrates the company’s unyielding focus on sustainable shipping,” said Kenneth Glenn, APL President. APL attributed its carbon emissions reduction to improvements in operational efficiency, fleet and voyage optimisation, technical improvements, as well as a more fuel-efficient and environmentally-friendly fleet of vessels. Complementing its vessel performance management, APL’s maintenance strategy has been pivotal in ensuring that its operations stay efficient and green.

APL today introduced a new fortnightly U.S.-flagged service to Guam and Saipan. The Guam Saipan Express (GSX) will connect with APL’s weekly U.S.-flagged Eagle Express service (EX1) in Yokohama, giving Guam and Saipan shippers an alternative for shipping from the U.S. mainland. Apart from facilitating cargo shipments from the U.S. mainland, where about 75% of Guam’s inbound freight originates, GSX’s connection in Yokohama allows Guam and Saipan shippers to tap into APL’s global service network for freight to and from many parts of the world. “We are excited about this new addition to APL’s global service network. We are confident that our services, backed by our track record and familiarity with Guam’s operating environment, will serve both the U.S.

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility. The ‘APL Phoenix’ was welcomed by DP World Chairman, His Excellency Sultan Ahmed Bin Sulayem, Vice Chairman HE Jamal Majid Bin Thaniah, Group CEO Mohammed Sharaf, Senior Vice President and Managing Director, UAE Region, Mohammed Al Muallem, and Prabhu G.K.N., Head of Operations and Network Management, Middle East and Africa Region at APL, and Capt Moses Dogbeda Kodzitse, Master of APL Phoenix, together with senior representatives of other DP World customers.

APL today won the Best Trans-Pacific Shipping Line accolade at the 28th Asian Freight & Supply Chain Awards (AFSCAs). This is the third time in four years that APL has emerged as the preferred liner in this category, following wins in 2011 and 2012. Determined by votes cast by readers of Cargonews Asia, APL clinched the award for its leading performance in schedule integrity, customer service support and its comprehensive port calls in the Trans-Pacific trade. “The container shipping business has become a much more competitive and demanding business than before,” said APL President Kenneth Glenn. “With APL coming up tops in the Trans-Pacific trade despite the challenging conditions there, this award is all the more satisfying to us.

Group narrows net loss; lifted by $470 million (USD) cost savings and building sale. NOL Group today reported a 2013 net loss of $76 million, improving 82 percent from a $412 million loss the previous year. The group’s full year financial results were helped by a non-recurring $200 million gain from the completed sale of its headquarter building in Singapore, as well as its continued focus on operational efficiency and cost management, which delivered $470 million worth of cost savings in 2013. Coupled with $504 million saved in 2012, NOL had shed almost $1 billion in costs over the past two years. “The delivery of new tonnage in 2013 added to the over-capacity in the container shipping industry.

Container ship operators APL says it is to move from the current geographically-organized structure to a functional one. The functions will be in the areas of Trade, Commercial, Operations, Procurement and Planning & Strategy. “The container shipping industry is undergoing profound changes, characterized by low growth and intense competition. We recognize there is a need for APL to respond more quickly to the market and to our customers. We are pushing ahead with our strategy…

NOL Group reported net profits of $20 million for the third quarter of 2013, and year-to-date net profits of $61 million. The Group posted year-to-date Core EBIT improvement of 33% or $42 million, from a $127 million deficit in the same period last year. Singapore-based NOL attributed the better showing so far this year to its continuing focus on operational efficiency and cost management. Its two operating companies – APL and APL Logistics – both delivered better 2013 year-to-date performances at the Core EBIT level compared to the same period in 2012.

NOL Group reported first quarter 2013 Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss of $85 million, a 64% improvement or $148 million, in the key profitability measure from a year ago. NOL attributed the improvement to a continuing focus on operational efficiency and cost mitigation. It was the fourth consecutive quarter of year-on-year improvement posted by the Group on a Core EBIT level. Including a nonrecurring gain of $200 million from the completed sale of the NOL headquarter building in Singapore, the Group posted a first quarter 2013 net profit of $76 million. “Our cost base has improved as we continue to build a more competitive NOL.

APL clinched the inaugural Green Ship of the Year award at the 2013 International Maritime Awards organized by the Maritime and Port Authority of Singapore here this evening. The APL Yangshan, a 10,700-TEU (twenty-foot equivalent unit) container ship built in 2012 currently plying the Asia-Europe trade, was singled out for its outstanding energy efficiency and performance. “We are very honored to be presented the award, and to be accorded strong industry recognition of the environmental benchmark that APL has set,” said Kenneth Glenn, APL President.

Global container shipping and logistics group Neptune Orient Lines (NOL) reported fourth quarter 2012 Core EBIT (Earnings Before Interest and Taxes) loss of US$69 million, a 75% improvement in the key profitability measure from a year ago. The Group posted a full year net loss of US$419 million, mainly due to a first quarter net loss (before non-recurring items) of US$255 million and one-time charges of US$108 million. Singapore-based NOL also said that its efficiency programme delivered US$504 million of cost savings, which is in line with its 2012 target. The savings were primarily achieved through reduced fuel consumption, network optimization and increased terminal productivity. “General market conditions in 2012 remained challenging.

APL announced the appointment of Peter Jongepier as Regional President of its business in Europe. “Peter has more than 30 years of experience in the shipping industry. I am confident he will effectively lead APL’s business across Europe, an important part of APL’s global liner activities. His familiarity with the region and knowledge of the trade, combined with his leadership qualities, will ensure continued customer focus and growth in Europe,” said APL President Kenneth Glenn. Mr Jongepier will be responsible for APL’s commercial activities in Europe, inclusive of the former Soviet Union and Turkey. He will be based in Uxbridge in the UK and will report directly to Mr Glenn. Since joining APL in 1995, Mr Jongepier has held a range of senior positions within the company.

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.

NOL Group, the Singapore-based container shipping and logistics company, reported a first quarter 2012 net loss of 254 million compared to a net loss of $10 million in the same period last year. NOL said high fuel costs and low freight rates in container shipping affected first quarter 2012 performance. NOL said that in the first quarter of 2012 it achieved about $100 million of cost savings under its ongoing programme and it is on track to achieve $500 million worth of savings for 2012. The savings were primarily through reduced fuel consumption and improved operational costs.

APL’s largest and newest vessel is also its most environmentally-friendly and fuel-efficient. The Singapore-based carrier says the 10,700-TEU APL Southampton, which called on the Port of Singapore on her maiden voyage today, has been fitted with a ballast water treatment system and an electronically-controlled main engine, signalling a new era of sustainable ships entering its fleet. “We are modernising our fleet with more sustainable and more efficient ships,” said APL President Kenneth Glenn. APL says it will deploy 30 more new vessels in the next three years. They will significantly curb CO2 emissions, with an Energy Efficiency Design Index (EEDI) that is nearly 30% greater than what is required by the International Maritime Organization’s (IMO).

NOL Group today reported a $478 mnet loss in 2011 following net earnings of $461m in 2010. The container shipping and logistics company said unsettled economic conditions, high fuel costs and lower freight rates impacted results. "Recent freight rates show signs of improvement. However the global economy remains uncertain. The container shipping industry continues to face high fuel costs and overcapacity. “The performance of container shipping is disappointing.” said Group CEO Ng Yat Chung. “Over-capacity and higher fuel costs have negatively affected the whole container shipping industry. NOL said 2011 revenue decreased 2% to US$9.2 billion. The Group reported a Core EBIT (Earnings Before Interest and Taxes) loss of US$377 million for the year.

APL announced the appointment of Wong Siew Loong as Regional President of its North Asia business. “Siew Loong brings with him 15 years of experience within the company. I am confident he is the right person to steer our North Asia business, an integral part of APL’s global liner activities. His familiarity with the region and knowledge of the trade, combined with his leadership qualities, will ensure continued customer focus and growth in North Asia,” said APL President Kenneth Glenn. Wong will be responsible for APL’s commercial activities in Greater China, Japan and Korea. He will be based in Shanghai and will report directly to Mr Glenn. Wong has held positions in Strategic Planning and Investor Relations since he joined APL.

International maritime experts named APL the world’s best shipping line, and honored it for outstanding innovation. The Singapore-based container carrier received the Global Ocean Carrier of the Year award as well as the Innovation IT of the Year award here at the Containerization International awards. An eight-strong judging panel selected APL from a field of finalists including Maersk Line, CMA CGM and Hyundai Merchant Marine. “We’re delighted to once more be recognized by industry peers for shipping excellence,” said APL President Kenneth Glenn. APL earned the Innovation IT of the Year award for its proprietary SMARTemp service. SMARTemp…

Global container shipping and logistics group Neptune Orient Lines (NOL) reported a net loss of $67 million for the first half of 2011 compared to a $1 million net profit in the same period a year ago. The Group said it lost $57 million in the second quarter of 2011. NOL reported a 9% revenue increase in the first half of 2011 to US$4.595 billion. It announced a Core EBIT (Earnings Before Interest and Taxes) loss of US$28 million. The Group said first half 2011 results were affected by higher operating costs, especially for fuel, and declining freight rates. It added that its supply chain management business, APL Logistics, increased revenue and Core EBIT. “Conditions are challenging throughout the shipping industry,” said NOL Group CEO Ronald D. Widdows.

NOL Group announced the resignation of Eng Aik Meng as President of its APL shipping business. The container transportation and logistics group has named Kenneth Glenn, currently President of its North Asia Region, as his replacement. NOL said Mr. Eng will leave the company September 1, 2011, to take a new position outside the transportation industry. "We understand Aik Meng's desire to begin a new phase in his career, and we thank him for his contributions to NOL," said Group CEO Ronald D. Widdows. Mr.

NOL Group today announced a joint venture to operate a two-berth container terminal at the Port of Qingdao. The terminal, expected to open in the second half of 2011, will be NOL’s first in mainland China. “Today we’ve taken a significant step to strengthen our presence in China and participate fully in its unprecedented growth,” said Kenneth Glenn, APL President for North Asia. Container shipping and logistics giant NOL said, together with SITC International Holdings Company Limited…

Neptune Orient Lines (NOL), a global container shipping, terminals and logistics group, announced that it will establish an administration and service centre in Chongqing Municipality, western China, as part of its ongoing efforts to increase efficiencies and further develop its operational excellence. The new Chongqing centre will provide key support processes for customs compliance, bill of lading production and invoicing for APL, the Group’s container shipping business. It will support APL backroom operations across Greater China, Japan, Korea and the Americas. During 2010 activities currently delivered from the company’s Regional Administration Centre in Shanghai will be progressively migrated to Chongqing.

A lack of infrastructure and high port and inland costs continue to limit India’s economic progress, a senior executive of global container transportation leader, APL, told a high-level shipping industry gathering this week. with world-class efficiency in port infrastructure. services sector, the sky is the limit in terms of its economic potential. does not yet have a port that can handle this class of ship. type of global class facilities, it will not fulfill its cargo carrying potential," said Mr Glenn. of the world’s top 100 container ports at number 36, with Chennai next at 109. insufficient scale," said Glenn. accounts for around 60% of total Indian volumes, is creating acute congestion. answer, citing a recent analysis conducted by leading industry analyst Drewry for APL.