Newsletter – March 26, 2019
OCEAN FREIGHT UPDATES
Maersk to trial biofuel on Triple-E voyage
Maersk is to trial a biofuel blend on one of its Triple-E ultra-large containerships as part of its long-term plan to reach a “net-zero” CO2 target by 2050. Read more here.
Supply chain radar: You’ll never know if CMA CGM is troubled or not
French carrier CMA CGM is playing with expectations in many ways, and although it will end up owning ~ 100% of Ceva Logistics, possibly without wanting to own it in full, the best trick of all is the one concerning its financial soundness. Read more here.
Supply chain radar: Hapag-Lloyd – the cracks are still apparent
If you want to know at a glance how Germany’s Hapag-Lloyd is faring in the container shipping industry, and why’s it’s doing mildly better than most of the other big dinosaurs in the sector, you should read our initial take on its annual results released on Friday. Read more here.
NYK gets ‘green’ loan’ to fund its way to scrubber technology
JAPANESE shipping giant NYK has secured a JPY9 billion (US$81 million) syndicated ‘green’ loan, supported by eight domestic financial institutions, for the installation of scrubbers on its ships, reports London’s Loadstar. Read more here.
Yang Ming reports $217.5 million loss
Yang Ming Marine Transport Corporation said it had a net loss of $218.5 million in 2018, with operating results significantly impacted by higher fuel prices.
The Taiwanese container carrier said its revenue last year was $4.7 billion, an 8.2 percent increase over 2017, when it totaled $4.35 billion. Read more here.
GROUND AND RAIL FREIGHT UPDATES
CN finalizes acquisition of TransX
Winnipeg, MB — CN has announced it has closed its acquisition of The TransX Group of Companies. The deal was first announced on Oct. 30, 2018. Read more here.