0° C
The location could not be found.
Bezoekers Registratie

Welkom bij de Kramer Group

Vul uw gegevens in om u te registreren wanneer u Kramer Group gaat bezoeken.

Cost-Cutting Helps Maersk Line Nearly Double Profit

Maersk Line almost doubled its second quarter profit as above-target cost cuts, buoyed by lower fuel prices, more than offset sluggish growth in container volumes and a double-digit decline in freight rates.

The world’s largest ocean carrier posted a net operating profit of $439 million in the three months through June, against $227 million in the same period in 2012.

A.P. Moller-Maersk said it now expects its container shipping unit’s full year profit to be “significantly above” 2012, compared with an earlier forecast of “above” the $461 million it earned last year.

“Maersk is now an industry leader in terms of profitability,” A.P. Moller-Maersk’s CEO Nils Andersen said.

The carrier has enjoyed a 5 percent competitive margin over its rivals in the past three quarters, according to Andersen.

Maersk’s profit, its fifth consecutive quarter in the black, contrasts with second quarter losses at most Asian carriers. German carrier Hapag-Lloyd posted a profit of 20.9 million euros ($27.6 million) in the second quarter compared with a loss of 7.3 million euro a year earlier, and France’s CMA CGM has yet to publish its results.

The shipping line’s revenue was 9.2 percent lower than a year ago at $6.65 billion, impacted by a modest 2.1 percent rise in traffic to 4.4 million 20-foot equivalent units and a 13.1 percent slump in average freight rates to $2,618 per 40 foot container.

The higher traffic reflected increased activity on short-sea and north-south routes that offset lower volumes on east-west trade lanes.

Andersen said Maersk had cut costs by a “very, very significant” $897 million during the quarter, of which lower fuel consumption accounted for $310 million, while the lower bunker price saved $263 million. Intermodal costs, usually loss-making for the liner industry, were trimmed by $154 million, and a further $120 million savings were made in other areas, including administration, feedering and port calls.

The total cost per 40-foot container fell by 12.7 percent from a year ago to $2,703, mainly driven by vessel network efficiencies.

“Total cost reductions are ahead of plan, especially due to a more cost-effective vessel network compared to last year,” Maersk said.

The carrier now expects global container traffic to grow by 2 to 3 percent in 2013, down from a previous forecast of 2 to 4 percent.

“The outlook for container transportation remains challenging as demand is expected to continue to be weak in 2013 while new deliveries are expected to amount to 9.5 percent of the fleet.”

Maersk said it will respond by maintaining its focus on supply management “such as idling of vessels and blank sailings.”

A.P. Moller-Maersk’s second quarter profit declined 11 percent to $856 million from $965 million a year earlier, reflecting lower crude production at Maersk Oil and a $280 million impairment related to Maersk Tankers’ very-large crude carriers.

via: www.joc.com

Qatar, August 15, 2023QTerminals Group (51% Qatar Ports Management Company Q.C.S.C (Mwani Qatar) and 49% Qatar Navigation Q.P.S.C (Milaha)) has acquired a majority stake in “Kramer Holding B.V.”, a provider of integrated logistics and container services located in the Port of Rotterdam in the Netherlands.

The acquisition of Kramer Group represents an important milestone in the expansion of QTerminals, as the Port of Rotterdam is the largest port in Europe and is a significant addition to QTerminals Group’s record of success in diversifying its operations. In addition, this acquisition further reinforces QTerminals Group’s commitment to contribute towards Qatar National Vision 2030 which aims for the diversification of the national economy and foreign investments.

The CEO of QTerminals, Mr. Neville Bissett, stated: “Kramer Group is an important strategic step for QTerminals as we will expand our presence into Europe’s largest port. Kramer Group complements QTerminals and adds existing business, a robust value-creating service offering and European network to QTerminals portfolio.
Kramer Group has both core and strategic importance to the Port of Rotterdam, as it supplements the Port’s activities whilst having direct access to the deep-sea terminals of the Port of Rotterdam.
The acquisition of the Kramer Group by QTerminals allows its entry and presence in the largest port in Europe which makes QTerminals Group’s position stronger in relation to future opportunities in Europe and other developed global markets.
The presence of QTerminals in the Port of Rotterdam is strategic and reputable for QTerminals Group in particular and for the State of Qatar in general as QTerminals Group’s profile will become known in the largest European port..

“I’m very excited about this significant milestone in the journey of our family business which started 60 years ago by my father. Today, we mark the beginning of a new chapter joining forces with QTerminals. I believe that their expertise, resources, and industry insights will enable us to expand our horizons and explore untapped opportunities. Whilst maintaining our culture, organization, core team and our commitment to delivering the superior quality services to our clients in almost all aspects of container logistics”, said André Kramer, CEO of the Kramer Group.
By acquiring Kramer Group, QTerminals will continue to develop its world leading technical and operational know-how to enhance and optimize its potential as one of the leading providers of integrated container logistics services in Europe.

Kramer Group’s development and growth in recent years are indicators of good corporate management and governance of the organization. “Following our assessment of the current organization, we are excited to retain and welcome Kramer’s key management personnel and employees into QTerminals, including Mr André Kramer, who will continue as Chief Executive Officer” said Neville Bissett.

About Kramer Group

The Kramer Group is an integrated container handling and storage, terminal, container development and logistics services provider, located in the Port of Rotterdam, and is the only independent terminal in the Maasvlakte area, and one of the few multi-user depot terminals in the port.

The Company operates in six different locations with network access to the principal terminals, of which five are at the Maasvlakte and one at the Eem-/Waalhaven, and has tri-modal transport options via rail, water and road.