APM TERMINALS, the AP Moller-Maersk's port operator,
posted a 32 per cent year-on-year third quarter profit increase to US$203
million, boosted by a record container volume of 9.3 million TEU, up four per
cent. No revenue figures were made available.
Despite the good news, APM T chief executive Kim Fejifer
said times have changed for the worse and rising costs were expected as bigger
ships are cascading into secondary routes.
"This will lead to cost increases - partly due to
lower berth utilisation, partly to investments in more equipment and
adaptation. The burden of these rising costs will have to be shared between the
customers and the port operators," he said.
The handling of Hamburg Sud's 9,700-TEU San Nicholas is
an example of the larger ships now cascading into secondary trades and the
growing entry of 18,000-TEU vessels on the primary Asia-Europe trade.
The terminal operator is "well under way" for a
yearly profit of US$1 billion by 2016, he added, supported by operational
improvements, record productivity levels and focus on investments in emerging
markets.
Source : HKSG.
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