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container news
The Role Of Container Shipping In Global Supply Chains: A Focus On Heavy Equipment
In today’s global economy, container shipping is essential to the functioning of numerous supply chains. Efficiently moving goods across oceans is essential to every industry, from food to automobiles. The construction industry, in particular, relies heavily on container shipping to obtain materials for manufacturing and ensure essential components are available for construction projects throughout the world. For businesses that rely on building supplies, equipment, and parts container shipping is the backbone of their supply chain. Like every complex system, the construction supply chain has its own set of challenges. With an importance on how it impacts the shipping of construction equipment components and how suppliers handle these difficulties, this article will explore the crucial role that container shipping plays in global supply chains across the world. The Role of Container Shipping as the Foundation of Global Supply Chains The main means of moving commodities around the globe is container shipper, which links ports from Asia, the Americas, Europe, and Africa all together. It is a dependable and economical method of transporting large amounts and heavy loads across long distances. The container itself revolutionized trade, allowing for standardized shipping that’s easy to load, unload, and transport. International shipping is nothing new to the construction supply chain. Parts for heavy machinery and equipment are frequently shipped from all around the globe. Container transportation enables the trade of goods to suppliers and construction sites around the world, whether they are steel components from Asia countries or high-tech engines from European countries. Container transportation is crucial for suppliers of construction equipment and parts. Without it, components would be delayed, causing projects to come to a standstill. The components would also have much higher costs if they could not be sourced from other parts of the world. As a result, the smooth operation of ports and freight lines is crucial to ensuring that construction equipment is available when and where it is needed. For example, companies like OntracParts, which specialize in providing quality rubber skid steer tracks and other construction equipment components, rely heavily on international shipping to meet the growing demand for these parts across the United States. Shipping solutions are crucial for ensuring that parts are delivered efficiently and on time to keep construction projects on track. Challenges in Ocean Freight – A Focus on Construction Equipment Parts While container shipping is essential, it has its own challenges. As suppliers of construction equipment parts are well aware of the number of challenges ocean freight may cause delays of essential parts needed for the equipment supply chain. Overcoming These Obstacles: How Suppliers of Equipment Parts Adjust By focusing on important tactics to overcome those challenges, importers have been able to adjust to these difficulties by: The Future of Container Shipping and Its Impact on Construction Equipment Parts The future of container shipping is evolving rapidly, and the construction industry stands to benefit from many of these changes. Sustainability Trends Reducing negative effects on the environment while shipping is becoming more and more important. Increasing the number of green shipping corridors, designed to give priority to more eco-friendly ships, is increasing. This gives container companies that prioritize environmental impact an advantage with quicker shipping routes. This could result in more environmentally friendly methods of moving parts for producers of construction equipment, which would be in line with the growing need for sustainable building methods. Automation & Innovation Ports are having less delays and quicker processing times due to the implementation of automation technology. Self-driving trucks, automated cranes, and digital reservation systems have the potential to transform the way containers are transported between port areas. This would cut down time on waiting for unloading and enhance the effectiveness of global supply chains. What’s Next for Construction Equipment The techniques for sourcing and importing construction equipment and parts will change along with the shipping sector as technology improves the supply chains. For building projects worldwide, the growing emphasis on sustainability, innovation, and digitalization will improve supply chain reliability, cut costs, and streamline operations. Conclusion Container shipping is essential for industries like construction, which rely on timely deliveries of equipment parts. While challenges such as port congestion and customs regulations can slow shipments, solutions like technology and strong freight partnerships help keep things on track. Looking ahead, innovations like green shipping corridors and automation will further streamline the process. Companies like OntracParts, providing key components such as skid steer tracks, will continue to benefit from these advancements, ensuring timely deliveries for construction projects worldwide.
port-and-ship
Feb 15, 2025
container news
How Indiana Can Improve Its Infrastructure And Reduce The Number Of Car Accidents
How frequently do you, either as a driver or pedestrian witness or hear about traffic accidents? Unfortunately, road accidents have become an everyday occurrence and it seems there isn’t a country in the world that isn’t facing this issue. In the US, the number of car accidents has been significantly on the rise in the last couple of years. The reason behind this is mainly reckless and aggressive driving as well as speeding. Many drivers fail to consider the safety of others when driving and continue to employ unsafe driving practices only to reach their destination as quickly as possible while completely disregarding the traffic rules and regulations. Indiana, a state characterized by its rich cultural heritage and vibrant communities, also faces the same issue that impacts its residents’ safety and quality of life. With dense road networks connecting intercity travel and daily commuter routes, the incidence of vehicular accidents has become a significant concern. Despite advances in vehicle safety technology and awareness campaigns, the state continues to witness a high rate of road fatalities and injuries. This calls for a comprehensive approach to improve the infrastructure, which is crucial in reducing car accidents and enhancing overall transportation safety. In this blog post, we’ll look into what the state of Indiana can do to improve its infrastructure and reduce the number of car accidents. We’ll also reflect on why the number of car accidents continues to rise. Car accidents pose a substantial public health and safety issue across the United States, and Indiana is no exception. The state has recorded a concerning number of car accidents, leading to fatalities and severe injuries. The repercussions of these accidents extend beyond the immediate victims and affect families, communities, and the healthcare system. In 2022, there were almost 1000 victims of car accidents and the number has been growing since, specialty as the number of commuters but tourists has been growing as well. Additionally, car accidents carry significant economic costs, including medical expenses, loss of productivity, and damages to vehicles and infrastructure. These expenses ultimately burden taxpayers and strain local governments. Another consequence that these car accidents have on victims is the emotional stress they leave behind. The aftermath of accidents creates emotional strain not only for victims but also for their families and witnesses. This psychological impact can linger long after the physical injuries have healed. Indiana has a good highway connection but the infrastructure definitely has room for improvement. By improving the infrastructure and recognizing the potential risks and dangers on the road, a lot can be solved and fixed. However, it’s definitely not an overnight change and it’s a process that takes a lot of time and will power. First of all, regular maintenance and timely upgrades of existing roadways are vital. This includes filling potholes, addressing surface wear, and ensuring proper drainage to prevent hazardous driving conditions. Although Indiana.s main roads are mostly in good shape, less frequent intersections and rural roads definitely need an upgrade. This is where car accidents happen usually due to poor road maintenance. And this is exactly when drivers need to bring in a car accident attorney as, due to the roads being unkempt, partial liability for the accident also falls on the local authorities. That’s why legal support is often brought in, to assess the situation and ensure that the driver doesn’t have to suffer all the fees alone. Another thing Indiana can work on is ensuring all roads are clearly marked. Installing clear, visible road signs can alert drivers to hazards, speed limits, and directions. Reflective signage in poorly lit areas can significantly improve night-time visibility. This will help drivers stay alert and keep their eyes on the road. The signs can also bring their attention to potential hazards. Investing in public transportation options can reduce the number of vehicles on the road, subsequently lowering the likelihood of accidents. Expanding bus services and creating more bike lanes encourages alternative forms of transportation. This would encourage more drivers to opt for public transport, meaning it would lead to fewer computers on the road. Additionally, this would result in fewer traffic jams during rush hour. Implementing advanced traffic management technologies can improve traffic flow and minimize congestion. Investments in smart traffic lights and sensors can adapt to real-time traffic conditions, reducing stop-and-go scenarios that often lead to accidents. What’s missing in most cities is proper infrastructure for pedestrians and cyclists. That puts them in danger of becoming collateral damage in a car accident. Enhancing pedestrian walkways and bike lanes fosters a safer environment for non-motorized transportation. Separating these pathways from motor vehicle lanes reduces the chance of collisions between vehicles and pedestrians or cyclists. Improving Indiana’s infrastructure is paramount in the quest to reduce car accidents and enhance the safety of its roadways. Deteriorating road conditions, improper signage, bad public transportation are all problems that need to be addressed and fixed in order to ensure a safer environment. The implications of these improvements extend beyond mere statistics; they encompass the well-being of residents and the safety of communities. As Indiana confronts the challenge of car accidents, a strategic focus on infrastructure enhancement will lead to the creation of safer roads and ultimately save lives.
port-and-ship
Feb 15, 2025
container news
Why Youtube Shares Matter For Shipping And Supply Chain Brands
If you run a shipping or supply chain brand, having a presence on YouTube is essential to finding new clients and getting your name out. When you upload videos, you probably know the importance of likes, comments, and subscribers. But shares are one statistic you may overlook. This post will look at why YouTube shares are so important as a supply chain brand. To the right of the “Like” button is the “Share” button. This lets you share the video on social media as a community post or copy the link to post manually. The share button also lets you choose what time the video starts playing once someone clicks the link, which can help bring a viewer to a pivotal point in the video. Like most platforms, YouTube has a complex algorithm. Content will be recommended to you based on who you’re subscribed to, what videos you watch, and what you like. In addition, your content will be ranked higher if it has engagement. The number of shares a video has is not visible to the viewer. However, YouTube keeps track of the number of shares a video has, and this reflects how they rank your video in their algorithm. As a shipping company, you want likes, comments, and shares on your video to make it appear more engaged. This will attract new clients. Another way it can help your services grow is that the more it’s shared, the more social proof it has. If many people are singing its praises and spreading it all over social media, people will want to try out your services. If you own a shipping business, you may have no clue what content to make. Let’s look at some examples. Case studies are the best content for a shipping business. A company has a logistical problem and partners with your company to solve it. How did you work together to solve it? What tangible results did the company see afterward? For example, UPS’s channel has several case studies about how they helped businesses. Their content may give you an idea of what you should post. If you have a logistical company, you probably have many employees with lives. Alternatively, you, as the owner, may have an interesting life story. Behind-the-scenes content helps to humanize the people who work in your business. For example, DHL is known for its behind-the-scenes content. Watch some of their videos and see how your business can integrate its employee stories onto YouTube. What features does your company have that customers or clients want? You can show them off in a video. For example, FedEx has many features that let customers control how their packages are delivered. Your business sharing a Q&A live stream may be a good move. If you have many potential clients, a live stream may help to answer their questions. Alternatively, if you’ve had customers who had a negative experience, a Q&A panel can be a way for you to make things right. Now that you know why shareable content is so important and what kinds of content you can create, be sure that your content makes people want to share it! You may make a heartwarming behind-the-scenes video about an employee who had a struggle. Or, you may pay an animator to make a cool infographic about how your business helped a person. Visually pleasing, emotional, or entertaining content is key for any business, but especially something as dry as a shipping company. This also means optimizing your content. Have a thumbnail that will get people clicking. Be sure to use keywords and hashtags that align with your logistics company’s niche. This way, you will attract the right audience. If your content isn’t optimized, you may attract an audience, but not in your target demographic. As a logistics company, having a YouTube presence is important. Making shareable content will boost your social proof and algorithmic ranking, so create content that gets people talking.
port-and-ship
Feb 15, 2025
container news
How To Determine The Right Storage Container For Your Needs
From transporting to storing to organizing merchandise, the storage container takes top priority. Whether you’re clearing your home, moving, or stashing merchandise, good storage can mean the difference in having your items safe, secure, and within reach. With portable storage containers for sale becoming ever more popular, here’s what you should know to choose the best one to suit your particular needs. A storage container is not a box for holding your stuff, but a solution to the storage issue. A good storage container will reduce clutter, hold precious items stored securely, and even make moving or organizing easier. Whether you are storing household items, office materials, or even construction equipment, the right one will hold your items secure and within reach. When you shop around for portable storage containers for sale, you will come across several types that are designed for various purposes. Understanding the kinds that are available will enable you to make an informed choice. There are several factors to consider when choosing the perfect storage container for your needs. Below is a list of the key considerations: Choosing the right size is one of the most important factors in selecting a storage container. A container that is too small may not hold all your items, and one that is too big may leave you with wasted space and additional cost. A container’s size is commonly measured in cubic feet or based on its dimensions (length, width, and height). Consider the amount of space you need for your specific items, and if you’re storing furniture, make sure the container is large enough to accommodate bulky items like couches and tables. The strength of the container is also important so that you can ensure that it will have the capability to hold the weight of your items as well as any climate it will come into contact with. For example, metal containers are extremely strong and durable against damage and work very well for long-term storage. Wooden containers, however, may not be quite as strong when dealing with heavy items but work perfectly fine for lighter, everyday storage. Security is one of the priorities when storing valuable or sensitive material. Portable storage containers for sale often feature several locking mechanisms, such as padlocks, combination locks, or built-in security systems. Purchase a container that has features to prevent unauthorized individuals from accessing the property you are storing. Metal storage containers often offer the greatest level of security for both residential and commercial use. If you will be storing items outside, your container’s weather resistance is highly important. Your items will be shielded from rain, snow, or direct heat by a weather-resistant container. Containers made of metal are typically more weather-resistant than wood containers, yet ensure that the container is constructed to withstand the particular weather patterns of your area. Think about how often you’ll have to get your stored items and how conveniently you’ll be able to move the container. If you’ll be accessing your items a lot, choose a container that is simple to open and shut and that has enough room to get your items out. If you’re having your storage container moved from one place to another, make sure you pick one that is simple to move. Most portable storage containers for sale provide delivery services, where the container is delivered to your site and retrieved when you’re done. When purchasing a portable storage container, the price is an important factor. The prices will vary depending on the size, material, and features of the container. Much as you would wish to select the cheapest one, make sure that the container will meet your storage needs in terms of security and durability. You may also look for containers that offer flexible rental periods if you are storing your goods for a short period. Some factors that will impact the price include: Another factor is the duration you intend to keep your goods in storage. Short-term storage options, such as smaller metal storage units, are affordable for short durations. For longer-term storage, you might require more robust, secure storage containers that will hold up to longer exposure to the elements. If you’re searching for containers in which to keep valuable items or equipment for long durations, you’ll want to invest in better-quality containers so that they last. If you’re prepared to make a purchase, the following are methods of obtaining the best prices on portable storage containers for sale: Selecting the right storage container requires a bit of consideration of your specific needs. Whether you are storing personal belongings, business inventory, or industrial equipment, the right size, material, and features will keep your belongings safe and within reach. Portable storage containers for sale https://priceofbusiness.com/the-role-of-dry-storage-containers-in-modern-trade/ offer everything metal containers and from standard to climate-controlled units, making it simple to choose one that will suit you.
port-and-ship
Feb 15, 2025
container news
Cma Cgm Revamps Bora Med Service With New Calls At Syrian Ports
CMA CGM’s Short Sea Lines Division announced the reshuffling of the Bora Med Service (BMS) with the inclusion of Syrian ports in the rotation. The updated rotation began on 10 February from the port of Beirut. The BMS will now serve the Syrian market, providing a maritime link between Turkey, the Adriatic region, and the Eastern Mediterranean. The service will be operated by a fleet of six vessels, each with a capacity of 2,500 TEUs. The rotation will include Izmir (Turkey), Aliaga (Turkey), Ambarli (Turkey), Gebze (Turkey), Gemlik (Turkey), Malta (Malta), Ancona (Italy), Ravenna (Italy), Venezia (Italy), Trieste (Italy), Koper (Slovenia), Rijeka (Croatia), Bar (Montenegro), Taranto (Italy), Malta (Italy), Limassol (Cyprus), Alexandria (Egypt), Beirut (Lebanon), Lattakia (Syria), Tartous (Syria), and then return to Beirut and Izmir. The Bora Med service operates on a weekly basis.
port-and-ship
Feb 14, 2025
container news
Gebrüder Weiss Enhances Presence In Us With New Arizona Facility
Gebrüder Weiss has announced the launch of a new facility in Phoenix, Arizona, as part of its ongoing expansion in the United States. This location is expected to offer air and sea freight services, including customs clearance, as well as partial and full-load land transport solutions. The company is strengthening its presence in North America, particularly to cater to the growing trade between the United States and Mexico. Arizona plays a key role in transportation to and from Mexico, with Phoenix emerging as a vital hub for cross-border trade in the southern US. In 2023, trade between Arizona and Mexico reached nearly US$20 billion. The Phoenix facility complements Gebrüder Weiss’ existing operations in El Paso and Laredo, Texas, which are focussed on facilitating cross-border goods transport. “Our logistics services in Phoenix are a further building block in the development of Gebrüder Weiss and strengthen our position in this economically strong region. This allows us to offer our customers greater flexibility in their transports and more reliable supply chains,” stated Mark McCullough, Country Manager of Gebrüder Weiss North America. Gebrüder Weiss has steadily grown its North American footprint in recent years, now operating a network of 17 locations. Alongside the new Phoenix facility, the company recently opened a logistics terminal in Elgin, Illinois, and established branches in Miami, Florida; Denver, Colorado; and Dallas, Texas. In 2024, Gebrüder Weiss further expanded by acquiring the local freight forwarder Cargo-Link in Salt Lake City, Utah.
port-and-ship
Feb 14, 2025
container news
Weekly Update: Container Shipping Stock Highlights
The container shipping market saw a dynamic week, marked by notable fluctuations in stock performance among key players. Factors such as tariffs, political tensions, geopolitical conflicts, and disruptions in global trade distribution have significantly affected the industry. Below are the weekly stock highlights of the container shipping sector: SITC International Holdings Co Ltd (1308) SITC International Holdings exhibited mild fluctuations, starting at HKD 18.52 and peaking mid-week at HKD 18.78, before dipping to HKD 17.90 and closing at HKD 18.26. The decline mid-week reflects potential market caution, possibly linked to economic uncertainties in regional trade or varying demand patterns within intra-Asia routes, which are SITC’s primary markets. The modest recovery by the end of the week suggests resilience, potentially due to stable cargo demand or positive investor sentiment amid easing restrictions in key Asian ports. The company’s focus on short-sea services in Asia, a region experiencing mixed signals of recovery, likely underpins its stock’s relative stability. Yang Ming saw consistent upward momentum, moving from NT$ 67.80 to NT$ 70.30. This rise indicates positive market sentiment, possibly driven by steady Transpacific freight demand and the company’s strategic focus on capacity management. The performance could also reflect optimism surrounding Asian exports amid seasonal shipping demand. The gradual increase aligns with stable container spot rates, suggesting efficient operations and market confidence in the company’s medium-term outlook. Evergreen’s stock moved from NT$ 207 to NT$ 211.50, with a mid-week peak of NT$ 215.50. The company’s performance mirrors ongoing strength in the Asia-Europe and Transpacific lanes. Despite minor volatility, Evergreen’s stock indicates solid investor confidence, possibly fueled by the company’s fleet expansion and ongoing operational improvements. However, external factors such as port congestion and geopolitical risks may have constrained more significant gains. Wan Hai demonstrated a steady upward trajectory, rising from NT$ 76.50 to NT$ 82.30. The gains suggest increasing investor confidence, possibly driven by signs of demand recovery in regional Asian routes. Wan Hai’s active capacity adjustments and ongoing digitalization initiatives likely contributed to positive sentiment, as short-sea services show resilience in response to shifting intra-Asian trade patterns. COSCO saw mild growth, moving from US$ 7.69 to US$ 7.93 before stabilizing. This pattern reflects cautious investor sentiment amid macroeconomic uncertainties, including ongoing trade tensions and shifting consumer demand. COSCO’s strategic investments in port infrastructure and digital platforms remain promising long-term drivers, but global economic headwinds appear to limit immediate upside potential. Hapag-Lloyd’s shares fluctuated from €146.20 to €155.50 before closing around €148.70. The initial rally could stem from stronger-than-expected earnings guidance or improved freight rate outlooks, especially in the Atlantic trades. However, the retracement suggests cautious profit-taking amid broader concerns about global demand stabilization. ZIM’s stock saw moderate volatility, moving from US$ 19.37 to US$ 20.79 before closing slightly lower at US$ 19.68. The fluctuations likely reflect investor reactions to freight rate adjustments and market speculation on ZIM’s chartering and operational strategies. The company’s exposure to trans-Pacific trades, subject to rate variability, remains a key factor influencing investor sentiment. Maersk’s ADR showed volatility, ranging from US$ 7.98 to US$ 8.53 before closing at US$ 8.18. This movement aligns with broader market trends, as the company remains exposed to shifting global demand and fluctuating spot rates. Maersk’s efforts to diversify into integrated logistics services offer long-term promise, though short-term performance reflects broader macroeconomic concerns. Matson experienced a relatively stable week, moving from US$ 139.31 to US$ 142.07 before closing at US$ 141.84. The Hawaiian and Pacific-focused carrier likely benefited from steady demand in domestic US trades. Matson’s consistent performance reflects its niche market strength despite broader industry volatility. OOIL’s shares fluctuated between HK$ 107.50 and HK$ 109.50, indicating stability amidst ongoing market uncertainties. The company’s strong Transpacific performance, coupled with its COSCO affiliation, continues to support investor confidence. However, limited growth could indicate caution regarding future rate movements. Danaos’ stock rose from US$ 80.95 to US$ 84.15 before settling at US$ 82.52. The performance highlights ongoing investor confidence in container lessors, driven by stable charter rates and fleet renewal strategies. Mitsui O.S.K. Lines saw growth from JP¥ 5,417 to JP¥ 5,530, reflecting confidence in the company’s LNG and container shipping segments. The positive sentiment may stem from Japan’s trade recovery and MOL’s diversification efforts. MPCC experienced a positive week, with prices rising from NOK 18.49 to NOK 19.48 before a slight dip to NOK 19.18. The company’s focus on smaller container vessels, well-positioned for regional trades, supports ongoing investor interest. NYK’s stock rose from JP¥ 5,194 to JP¥ 5,315, demonstrating optimism in Japan’s shipping market, especially within the car carrier and LNG segments. HMM’s shares fluctuated between KRW 18,240 and KRW 18,410, reflecting stable sentiment amid consistent export demand from South Korea. SFL’s stock declined from US$ 10.93 to US$ 9.84, signaling potential concerns about fleet earnings or market conditions. The drop in SFL’s stock price could reflect broader market skepticism regarding the shipping industry’s recovery from recent global economic disruptions. Investors might be reacting to uncertainties around fuel costs, which have been volatile and directly impact shipping companies’ margins. Additionally, there could be concerns over future demand for shipping services, especially if major economies are showing signs of slowing down. This price movement might also prompt analysts to revisit their forecasts for SFL, potentially leading to revised, more conservative earnings expectations. K Line’s stock increased from JPY 2,080 to JPY 2,173. The rise in K Line’s stock price may indicate that investors are optimistic about the company’s strategic moves into high-demand sectors like LNG and auto logistics. This diversification could be seen as a hedge against the volatility in traditional shipping markets. Furthermore, the positive stock movement might reflect expectations of robust earnings from these new ventures, especially as global demand for cleaner energy sources like LNG grows. Investors might also be reacting to K Line’s potential to capture a larger market share in the increasingly competitive logistics landscape. Pan Ocean saw steady growth from KRW 3,325 to KRW 3,465, suggesting optimism about bulk commodity demand. Ningbo Ocean Shipping remained relatively flat, ranging between CNY 7.95 and CNY 7.87, indicating market neutrality. Costamare’s stock remained stable around US$10.56 to US$ 10.54, reflecting steady leasing activity amid balanced charter markets. This week’s performance underscores the ongoing divergence within the container shipping sector. The impressive surge in Wan Hai’s stock, alongside solid gains for carriers like PAN Ocean (4.21%) and K Line (3.80%), points to resilience in certain segments of the market, particularly in Asia-centric and specialized trade routes. Conversely, SFL Corporation’s steep decline reflects the market’s sensitivity to structural changes in fleet utilization and charter dynamics. As global economic indicators remain mixed, shipping companies will continue to navigate demand uncertainties, fuel price fluctuations, and regulatory changes. Investors should stay attuned to evolving freight rate trends and geopolitical developments, especially with potential disruptions in key shipping lanes like the Red Sea and the Panama Canal.
port-and-ship
Feb 14, 2025
container news
Ad Ports Group Reports Annual Financial Growth
AD Ports Group has announced its preliminary unaudited financial results for the fourth quarter and full year ending 31 December 2024. The year was marked by robust organic growth, both operationally and financially, supported by inorganic growth driven by acquisitions, including Noatum and GFS, according to the company’s statement. AD Ports reported a stronger balance sheet with lower leverage, enhanced liquidity, and improved cash flow generation, achieving positive Free Cash Flow to the Firm (FCFF) in both Q3 and Q4 2024. The Group’s revenue rose by 48% year-on-year to approximately US$4.71 billion in 2024, bolstered by contributions from mergers and acquisitions, alongside healthy double-digit organic growth across the company’s five business clusters. Moreover, the company’s EBITDA experienced a growth of 69% year-on-year, reaching US$1.23 billion, reflecting an EBITDA margin of 26.1%, up from 22.8% in 2023—a 320 basis point improvement. “The strong operating performance was mainly driven by the Maritime & Shipping, Ports, and Logistics Clusters, according to AD Ports. Additionally, the Group’s profit before tax and minorities grew by 45% year-on-year to US$556 million, while the total net profit increased by 31% to US$485 million, reflecting a net profit margin of 10.3%. This strong bottom-line performance was achieved despite the introduction of a 9% corporate income tax in the UAE in 2024, noted AD Ports in its statement. On the balance sheet, total assets grew by 15% year-on-year to US$17.34 billion in 2024, while total equity rose to US$7.58 billion, translating to a 15% increase. Operating profit growth, combined with stable debt levels, resulted in a reduction in the Net Debt/EBITDA ratio to 3.3x in December 2024, down from 4.4x in 2023. The Group also strengthened its liquidity position, ending the year with US$771 million in cash and equivalents, supported by earnings growth and additional liquidity through the refinancing and upsizing of its bank facilities. At the same time, capital expenditures (CapEx) declined for the third consecutive year, totalling US$1.12 billion in 2024, translating to a decline of US$165 million or 13% from 2023. Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, commented: “2024 marked another year of record revenue and earnings with the Group delivering on its primary mission to enable trade. Not only did we deploy an agile, effective business strategy that translated geopolitical uncertainty in some regions into record revenue and profit, but we also leveraged the integration of our recent acquisitions to attain a new level of efficiency, and international significance, and to maximise the financial synergies from the consolidation of the acquired entities.”
port-and-ship
Feb 14, 2025
container news
Nuclear Shipping Back In Discussion
The quest for net-zero emissions in the shipping industry by 2050 is steering towards an innovative and promising horizon—nuclear power. With the maritime sector identified as one of the hard-to-abate sectors due to its significant carbon emissions, the integration of nuclear technology offers not just an environmental uplift but also a strong economic rationale. Select a CN Premium Subscription Package To Unlock The Content!
port-and-ship
Feb 14, 2025
container news
Container Lines Enhance Intra-Europe Services
Several box carriers have announced updates on their intra-Europe routes, aiming to optimize and strengthen their service networks. Later in February, Ocean Network Express (ONE) will launch the new Polish Shuttle (PLS), which will link Northwest Europe with Poland. The company will deploy one 1,100 TEU ship on the service that will call Hamburg (Germany), Rotterdam (the Netherlands), Gdynia (Poland), Gdansk (Poland) and back to Hamburg. Additionally, Turkish ocean carrier Medkon Lines will introduce a link between Alexandria and Israel, branded as Israel Egypt Express (IEX). A single 700 TEU vessel will cover the following rotation: Alexandria (Egypt) – Ashdod (Israel) – Haifa (Israel) – Alexandria Moreover, Israel-based shipping line ZIM will join CMA CGM as a slot charterer on Unimed’s new feeder service. The service is operated by a single 700 TEU ship, serving Izmit (Turkey), Istanbul (Turkey), Burgas (Bulgaria), Varna (Bulgaria) and back to Izmit.
port-and-ship
Feb 14, 2025
container news
Cargotec Reports Profit Margin Growth
Cargotec’s annual financial results highlight notable developments in the company’s performance over the previous year. The review shows that the comparable operating profit margin improved during the year. Orders received grew by 3%, reaching a total of US$1.565 billion, compared to US$1.52 billion in the previous year. However, the order book declined, amounting to US$672 million at the end of the period, down from US$828 million as of 31 December 2023. Furthermore, sales experienced an 8% decline, totalling US$1.7 billion compared to US$1.85 billion in the prior year. Despite the drop in sales, the operating profit remained steady at US$225 million, slightly down from US$227 million in 2023, but the operating profit margin improved to 13.2%, up from 12.3%. Profit for the period also showed a modest increase, reaching US$160 million, compared to US$158 million in the previous year. Looking ahead, Cargotec projects that the comparable operating profit margin for its continuing operations in 2025 will exceed 12%. This projection is slightly below the 13.2% achieved in 2024 but reflects confidence in maintaining strong profitability levels. Cargotec’s President and CEO Casimir Lindholm stated: “Cargotec’s transformation will be finalised this year, when we close the sale of MacGregor and Hiab will continue its growth and development as the remaining standalone part of the group. Hence, the Board is proposing to Cargotec’s Annual General Meeting of shareholders that the company’s name would be changed from Cargotec to Hiab with an effective date of 1 April 2025.
port-and-ship
Feb 14, 2025
container news
Cargo-Partner Enhances Spare Parts Logistics For Komptech
To improve service speed and reliability for international customers, Komptech has optimized its spare parts logistics with the support of cargo-partner. The iLogistics Center in Werndorf, near Graz, Austria, enables the global recycling technology provider to deliver spare parts quickly and enhance delivery times. Komptech, headquartered in Frohnleiten, Austria, is a key player in mechanical and biological waste recycling and woody biomass processing. Since October 2024, Komptech has partnered with the logistics provider cargo-partner, a company of NIPPON EXPRESS HOLDINGS, INC., to further improve its spare parts logistics and ensure better availability for customers across Europe and worldwide. By moving its spare parts logistics to the cargo-partner iLogistics Center Graz at the Graz container terminal, Komptech can now offer faster and more efficient service globally. The new location allows for later pick-up times and extended order deadlines, and its proximity to the airport and direct access to highways and rail connections enhances logistics efficiency. The ongoing development of the Koralm railway will strengthen the Baltic-Adriatic corridor, further optimizing transport routes. Martin Schenzel, Managing Director of cargo-partner in Austria, explained: “With our customized storage systems, we have significantly increased processing speed, taking efficiency to a new level. As of 2025, we’ve also implemented a permanent inventory, eliminating interruptions and further enhancing supply security for Komptech.” cargo-partner has tailored specialized storage areas to Komptech’s diverse product range, which includes everything from small screws to heavy rollers. These areas feature heavy-duty racks, long goods storage, and racking systems with integrated scales that automatically monitor stock levels. If inventory drops below a set threshold, the system automatically triggers a reorder, ensuring efficient supply management. Manfred Harb, Director of Customer Service at Komptech, emphasized: “Our collaboration with cargo-partner at the iLogistics Center Graz enables us to deliver spare parts to our customers worldwide even faster and more efficiently. This partnership allows us to respond flexibly to customer needs while ensuring the highest level of service quality.”
port-and-ship
Feb 14, 2025