FREIGHT NEWS

CMA CGM exceeds US$12 million in second quarter revenues
CMA CGM exceeds US$12 million in second quarter revenues

French ocean carrier CMA CGM reported revenue of US$12.3 billion and net income of US$1.3 billion in the second quarter of the year. These figures represent huge year-on-year decreases over the previous record year for the container lines when CMA CGM achieved US$19.5 billion in revenue and US$7.6 billion in profit.

HHLA lowers forecast for current financial year
HHLA lowers forecast for current financial year

German port and terminal operator Hamburger Hafen und Logistik AG (HHLA) is adjusting its forecast for the current financial year based on preliminary figures for the first half of 2023.

Georgia Ports moves 5.4 million TEUs in FY 2023
Georgia Ports moves 5.4 million TEUs in FY 2023

Georgia Ports handled a total of 5.4 million TEUs in fiscal year (FY) 2023 (1 July 2022 - 30 June 2023), down 6.7% or 387,000 TEUs compared to the previous record FY.

ONE to get larger terminal in Kobe port

Ocean Network Express (ONE) will get a larger terminal in Japan's Kobe port, after one of its shareholders, Mitsui OSK Lines (MOL), agreed to expand its existing Kobe International Container Terminal.

Nhava Sheva Port builds integrated rail-side capacity for double-stacked box trains
Nhava Sheva Port builds integrated rail-side capacity for double-stacked box trains

Nhava Sheva Port (JNPT), India’s busiest public container gateway, has announced it is in a position to handle double-stacked container freight trains out of its new integrated rail yard for all terminals in the harbour.

Port of Rotterdam posts lower earnings amid container volume decline
Port of Rotterdam posts lower earnings amid container volume decline

Port of Rotterdam has seen a decrease in its container throughput during the first half of the year, handling 6.7 million TEUs, which translates to an 8.1% decline over the same period in 2022.

THE Alliance set to raise capacity on Asia-North Europe service
THE Alliance set to raise capacity on Asia-North Europe service

Capacity on THE Alliance’s FE3 Far East - North Europe loop is expected to increase, as Hapag-Lloyd and Ocean Network Express (ONE) will take delivery of four more 24,000 TEU newbuildings in July and August. The four ships will replace vessels in the size range from 13,400 to 19,870 TEU, according to Alphaliner.

CMA CGM revamps EURONAF service
CMA CGM revamps EURONAF service

French ocean carrier CMA CGM has revised its EURONAF service, which will now consist of four loops instead of two.


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