Long Beach: Speaking at TPM in California on Monday Gene Seroka, APL president for the Americas, outlined his company’s plans going forward. The containerline executive noted that parent firm, NOL’s plans to cut costs by $500m was one of the largest cost cutting exercises in the industry.
“We have exceeded some early expectations, but we have more work to do,” Seroka said.
He noted, despite the cost cutting, APL has continued its investment both shoreside and waterborne.
APL has ordered 34 ships – of which 10 have delivered – “not to exacerbate overcapacity”, he stressed, but as replacement tonnage.
More work needs to be done in ports and terminals that we do not operate, the APL Americas boss said on the issue of longer port stays thanks to larger ships.
APL aims to reduce greenhouse gas emissions by 30% by 2015 based on 2009 levels.
“We will have the opportunity to reach these lofty goals,” Seroka claimed. [05/03/13]
