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NYK Line’s Profit, Revenue Improved in Second Quarter

NYK Line reported its net income in the first quarter of 2013, ending June 30, 2013, was 8.6 million Japanese yen (about US$87.7 million), improving from a net loss of 1.3 million yen in the first quarter of 2012, ending June 30, 2012.

Quarterly revenue was 528.5 million yen, compared with 477.6 million yen in the same quarter in the previous year.

During the first quarter, the economic situation remained “clouded in uncertainty,” the Tokyo-based container carrier said in a written statement. The European economy continued to be sluggish, and growth in China, India and other economies slowed, despite signs of moderate economic recovery in the U.S., the container line said. Furthermore, container volume in the trans-Pacific and Asia-Europe routes slumped and freight rates declined on all routes as supply-side pressure increased amid the continued delivery of large container vessels, NYK Line said.

The carrier also noted the shipping industry’s markets remained in a slump during the first quarter as a result of the continued supply and demand imbalance caused by excess capacity, and as a result, it strove to reduce costs by expanding slow-steaming to its entire fleet and implementing other group-wide measures to further reduce fuel consumption.

Nippon Cargo Airlines reported a year-over-year deterioration in revenue and a net loss for the quarter resulting from the “significant” impact of declining rates stemming from the economic stagnation in Europe and a slump in Japan-originated air freight demand.

Meanwhile, the logistics business suffered from the sluggish business environment in Europe too, although it was “relatively robust” in the U.S., Southern Asia and Oceania. Overall, the logistics segment posted lower profit on increased revenue.

NYK Line predicted that its cumulative net income in the second quarter, ending Sept. 30, 2013, will be 13.5 million yen, and its revenue will be 1.07 billion yen. NYK Line also forecasted that profit for its fiscal year 2013, ending March 31, 2014, will be 30.0 million yen, and revenue will be 2.14 billion yen.

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.