Industry calls on IMO to bridge fuel price gap
NewsShipping companies, cargo owners, NGOs and industry bodies call for a level playing field and practical solutions from the IMO’s mid-term GHG reduction measures.
Mixed fortunes for liner operators
It has been a mixed reporting season to date for the main liner shipping companies as cargo volumes carried in 1H 2013 were generally down on the corresponding period of 2012 and freight rates, especially on the main tradelanes, remained under downward pressure.
In this trading environment, many operators focused on reducing their costs and moving that cargo offering the best margins. While this resulted in most ocean carriers listed in the table below actually posting better results yearon-year, somewhat surprisingly Hong Kong based-OOIL, which owns OOCL, saw a 1H 2012 profit turn into losses this time around.
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This complete item is approximately 300 words in length, and appeared in the August 2013 issue of WorldCargo News, on page 19. To access this issue download the PDF here.
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