CMA CGM Posts USD 86 Million Profit

French shipper CMA CGM reported an income of USD 86 million in the first quarter of 2017.

This marks a turnaround from Q1 of 2016 when the company absorbed a USD 100 million loss.

For the first time since its acquisition, APL has contributed positively to the group’s results.

“This result demonstrates the group’s operational efficiency and expertise, and positions CMA CGM in the first place for operational performance among the leading industry players,” the company said.

The main reason for the rise in profitability was the increase of average revenue per container carrier. 

CEO Rodolphe Saadé stated: “Although the shipping industry still faces strong headwinds, we are confident our strategy should allow to improve operational results over the next quarter, leveraging the new Ocean Alliance and maintaining our focus in operational efficiency and innovation to the benefit of our customers. We continue to reinforce our position as a leading player in our industry.”

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OOCL Hong Kong is the largest containership 

After being for 2 months as the biggest boxship, MOL Triumph, with 20,000 TEU capacity, has passed this title to OOCL Hong Kong with 21,413 TEUs. Hong Kong-based shipping company OOCL celebrated its opening at Samsung Heavy Industries in Geoje on May 12. OOCL Hong Kong is 399.87 meters length and 58.8 meters breadth. This is the first of 6 ships ordered by OOCL company at SHI with a total cost of USD 950. OOCL Hong Kong will be routing Asia-Europe trade line with following stop ports: Ningbo, Xiamen, Shanghai, Yantian, Singapore in Asia and through Suez Canal to Wilhelmshaven, Rotterdam, Gdansk, Felixstowe in Europe. 

The port of Hamburg welcomed 20 000 TEU vessel

The port of Burchardkai at Hamburg's Terminal received MOL Triumph on May 15, it is the first container-ship with capacity of over 20 000 tons. The vessel was delivered to  Mitsui O.S.K. Lines (MOL) in March, and is applied in THE Alliance’s FE2 service between Europe and Asia. 

Hamburg container terminal has 2 berths for handling  MOL Triumph, with 13 cranes in operation at Burchardkai port. Up to the 9 of these cranes will work in parallel on the new 20 000 tons vessel. 

The container-ship is scheduled to leave on May 18. 

​​H​oegh Autoliners Keeps Scrapping Its Vessels

​The Norway-based shipping line has already sold 17 RoRo vessels for green recycling. The last one was pure car and truck carrier MV Höegh Triton built back in 1988. That was the second oldest vessel Hoegh had in fleet, the other one was 1987-built City of Mumbai, also was scrapped in January. All the vessels went for recycling to China - Jiang Men City Zhong Xin Shipbreaking & Steel Co. Hoegh Autoliners strives to renew it's fleet with eco-friendly ships. According to the official information, it's RoRo fleet encounts 50 vessels all over the world.