After a year of recovery in 2017, initial results from box carriers indicate that the bright outlook held for 2018 may need to be toned down.
News ID: 80025 Publish Date : 2018/05/19
Q3, 2017:
The world’s largest container line, Maersk Line, was back in the black in Q3 despite the impact of a cyber attack, but APM Terminals fell into the red as overcapacity took its toll.
News ID: 77192 Publish Date : 2017/11/11
CEO:
The cyber attack that hit Danish-based A.P. Moller – Maersk on June 27 is expected to damage the company’s business performance by up to USD 300-million in the upcoming quarter.
News ID: 75675 Publish Date : 2017/08/17
OSLO-BASED dry bulk operator Western Bulk has posted a net loss of $2.1m for the first half of this year, a significant reduction from the $10m loss it made over the same period a year later, mainly due to an improvement in earnings from the supramax sector.
News ID: 75618 Publish Date : 2017/08/15
COSCO Shipping International (Singapore), an offshore marine engineering, shipbuilding, and dry bulk shipping group, recorded a net loss of SGD 20.8 million in Q2 2017, down from a net loss of SGD 36.8 million in Q2 2016.
News ID: 75548 Publish Date : 2017/08/13
Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) managed to cut its net loss in the second quarter of 2017 to TWD 445 million (USD 14.7 million).
News ID: 75544 Publish Date : 2017/08/13
Loss-making Yang Ming Marine Transport Corp is planning to make a public offering of 500m shares as part of the company’s ongoing recapitalisation plan to stabilise its weak financial standing.
News ID: 75040 Publish Date : 2017/07/18
Frontline has posted a sharp 65.8% year-on-year fall in first quarter profit on the back of lower revenue and reduced operating profit.
News ID: 74262 Publish Date : 2017/05/31
Taiwan’s Wan Hai Lines has slumped to a first quarter loss due mainly to a significant loss taken currency exchange differences and a steep fall in operating income, as revenue was largely stable.
News ID: 73940 Publish Date : 2017/05/15
Maersk Line has posted a first quarter loss of $66m, reversing from the profit of $37m in the year-ago period, as the carrier was hit by higher bunker fuel costs.
News ID: 73903 Publish Date : 2017/05/13
German container shipping firm Hapag-Lloyd reported a deeper net loss in the first quarter, citing increasing ship fuel costs and lower freight rates.
News ID: 73902 Publish Date : 2017/05/13
Poor offshore and shipping markets have resulted in a loss for Oslo-based classification society DNV GL for the first time since 1986.
News ID: 73854 Publish Date : 2017/05/10
ASL Marine has warned investors of a net loss for its third quarter and nine months ended 31 March 2017 in view of challenging conditions in the offshore marine segment.
News ID: 73839 Publish Date : 2017/05/09
The “very challenging conditions” of the offshore market has led to Keppel Offshore & Marine (Keppel O&M) posting a net loss for the first quarter ended 31 March 2017.
News ID: 73576 Publish Date : 2017/04/24
Taiwanese shipping company Yang Ming Transportation Corporation (Yang Ming) widened its net loss in 2016, reaching TWD 14.9 billion (USD 493 million) when compared to a net loss of TWD 7.7 billion (USD 258 million) seen in 2015.
News ID: 73164 Publish Date : 2017/03/30
CMA CGM posted a consolidated net loss of $325m in 2016, but was in the black by the fourth quarter as the container trades started to pick up.
News ID: 72936 Publish Date : 2017/03/11
Maersk Line container volumes in the fourth quarter of 2016 will show that the carrier has been a key beneficiary of the Hanjin Shipping collapse, joining Orient Overseas Container Line that also enjoyed a volume bounce in the last three months of the year, said Lars Jensen, CEO and partner at SeaIntelligence Consulting.
News ID: 72164 Publish Date : 2017/02/07
Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.
News ID: 71815 Publish Date : 2017/01/24
Cash-strapped containers line pushing for lower terminal handling charges are putting future port investment at risk warns Drewry.
News ID: 70603 Publish Date : 2016/12/01
Imbalances of Profit and Loss:
As the first nine months of 2016 were dominated by the disappointing result development seen during the first two quarters of the year, German shipping major Hapag-Lloyd ended the nine-month period with a net loss of EUR 133.9 million (USD 144 million).
News ID: 70363 Publish Date : 2016/11/20