APL shipping line operated on loss territory in 2011

Container shipping line APL puts focus on cost reduction and strict regulation of goods flows

For the APL container shipping line, a company of the NOL Group (Singapore), 2011 was a bitter year. The unfavourable conditions in the global container shipping industry and the price pressure on freight rates were negatively reflected in the balance sheet. In response to these developments CEO Kenneth Glenn announced at the presentation of the annual report continued measures to reduce costs and a more rigorous selection of the goods flows.

The container ships of the APL shipping company carried exactly 5.96 million TEU in 2011, five per cent more than in 2010. Because of the tense price situation, revenue fell five per cent to USD 7.9 billion. The operating profit turned from plus 492 million USD in 2010 to minus EUR 446 million. In 2011 the average revenue per FEU (40′ container) decreased by ten per cent compared to 2010 to USD 2,500.

Quelle: LogEastics
Portal: www.logistik-express.com