APL container shipping group to face uncertain second half-year
Despite increasing freight rates in the second quarter the Management Board of APL container shipping refrains from an outlook for 2012 results
Efforts to improve efficiency remain a benchmark in the business model of the APL container shipping company (Singapore). Moreover, APL President Kenneth Glenn, has great expectations for further improvement thanks to continuously adding new built ships to the fleet and optimising the global network. However, referring to the uncertain development of freight rates, global economy and fuel prices, the manager waived an outlook for the results when announcing the Group’s financial performance for the first half-year.
In the first six months 2012 APL achieved a 4%-increase in transport volume to 1.5 million FEU (forty-foot equivalent unit) and was able to increase its sales revenues by 1 per cent to USD 4 billion. Average revenue per FEU was down 2 per cent to USD 2.513. Core EBIT loss was USD 239 million in the first half of 2012, compared to a core EBIT loss of USD 61 million in the same period 2011.
Quelle: LogEastics
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