A.P. Møller-Mærsk B shares are adding 7.1 percent in Copenhagen. Report follows several negative financial reports from carriers. APL, Hanjin Shipping and Hapag-Lloyd all reported losses in the first quarter, and Maersk Line parent A.P. Moller-Maersk warned in reporting stronger first-quarter earnings that it expects a slimmer profit later in the year.
Hamburg-Sud, and its Brazilian sister carrier, Alianca, also benefited from a "moderate" recovery in freight rates, which boosted liner shipping revenue 45 percent to just under $5.65 billion. In March the carrier placed a $712 million order with Korea's Hyundai Heavy Industries for six 9,600-TEU ships with the first delivery scheduled in May 2013.
NYK reported profit from recurring liner operations of 10.3 billion yen ($116.4 million), compared with a year-earlier loss of 18.6 billion yen for that segment.
MOL container ship revenue jumped 40.8 percent to 146.8 billion yen ($165.9 million). Group-wide net profit was 20.8 billion yen ($235.3 million), compared with a loss of 13 million yen a year earlier. Revenue rose 33.5 percent to 397 billion yen (4.5 billion).
"K" Line had net profit of 15.8 billion yen ($178 million), reversing a loss of 14.9 billion yen in the corresponding period a year earlier. Operating revenue from the company’s container ship segment totaled 112.3 billion yen ($1.27 billion) and operating income was 8.9 billion yen (108.8 million).
Ocean Carries in Brazil with links:
Hamburg-Sud, and its Brazilian sister carrier, Alianca, also benefited from a "moderate" recovery in freight rates, which boosted liner shipping revenue 45 percent to just under $5.65 billion. In March the carrier placed a $712 million order with Korea's Hyundai Heavy Industries for six 9,600-TEU ships with the first delivery scheduled in May 2013.
NYK reported profit from recurring liner operations of 10.3 billion yen ($116.4 million), compared with a year-earlier loss of 18.6 billion yen for that segment.
MOL container ship revenue jumped 40.8 percent to 146.8 billion yen ($165.9 million). Group-wide net profit was 20.8 billion yen ($235.3 million), compared with a loss of 13 million yen a year earlier. Revenue rose 33.5 percent to 397 billion yen (4.5 billion).
"K" Line had net profit of 15.8 billion yen ($178 million), reversing a loss of 14.9 billion yen in the corresponding period a year earlier. Operating revenue from the company’s container ship segment totaled 112.3 billion yen ($1.27 billion) and operating income was 8.9 billion yen (108.8 million).
Ocean Carries in Brazil with links:
2 comments:
Hi J.R. -- This post is AMAZINGLY informative!
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