CMA CGM on APL Integration
APL improved its performance in the first three months under the ownership of CMA CGM Group in a challenging market. APL’s 3Q 2016 volume rose almost 9.9% to 1.3 million TEUs (vs. 3Q 2015). This organic growth was driven by more than 20 co-operations on new and enhanced services with CMA CGM. APL has expanded its global network to better serve its customers, and increased its book of business. In 3Q 2016, APL saw its operating margin improve by 40.2% per FEU from the same period in the previous year. In addition, APL’s costs decreased by 15.7% per FEU year-on-year. This reflects the progress made in APL’s continuous cost savings efforts, as well as the significant operational synergies gained through its new parent company.
New Yard Builds for Excellence
In mid-October of 2013 Capt. Mark Duthu of Montgeut, Louisiana was proudly showing his family around his new command. The 72 by 30-foot pushboat MV Gunner was about to leave the New Generation Marine Shipbuilding on the Intracoastal Waterway near Houma, Louisiana. With the Louisiana Marine Operators logo proudly displayed on her stack she would join the company’s diverse feel of workboats, tug and utility vessels. The yard, started last year by Joe Gregory, is well laid out with…
