Piraeus Port Authority released its Annual Financial Report 2017 according to which PPA's turnover amounted to € 111.5 million compared to € 103.5 million in 2016, showing an increase of 7.7%.
News ID: 78572 Publish Date : 2018/02/18
Shipowners appear to be unfazed by the likelihood of low profit s continuing into the next year, mainly driven by the continuing excess supply of tankers, as they have intensified their ordering in 2017.
News ID: 77810 Publish Date : 2017/12/21
CMA CGM, the world’s third-largest container shipping group, posted a third-quarter net profit of $323 million, up from $219 million in the previous quarter and a $268 million loss a year earlier.
News ID: 77458 Publish Date : 2017/11/25
Hapag-Lloyd closed the third quarter of 2017 with a significant positive Group net profit and a much improved operating result (EBIT). The integration with United Arab Shipping Company (UASC) is almost completed and on schedule to be finalized by the end of the year.
News ID: 77275 Publish Date : 2017/11/15
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
The IRISL's Deputy Chief Financial Officer announced:
The IRISL's Deputy Chief Financial Officer said: "following the arrival of 10 ships built in the Korean shipyards, the capacity of national fleet will increase by 50 percent."
News ID: 76806 Publish Date : 2017/10/18
Deputy Director for technical and commercial affairs at IRISL announced that 49 ships will be replaced in response to fleet development exploiting the capacity of domestic and foreign shipbuilders by 2022.
News ID: 76772 Publish Date : 2017/10/16
Analyzing the latest financials from the dozen leading container lines, SeaIntel said the results revealed a considerably “more positive picture than the horrendous second quarter of 2016”.
News ID: 76153 Publish Date : 2017/09/09
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) said that its net profit reached 1.26 trillion won (USD1.1 billion) in the April-June period.
News ID: 75650 Publish Date : 2017/08/16
Monaco-based owner, operator and manager of LNG carriers GasLog ended the second quarter of 2017 with more than a doubled profit of USD 6.9 million, compared to USD 3.3 million posted in the same period a year earlier.
News ID: 75560 Publish Date : 2017/08/14
Japan’s big three shippers -Mitsui OSK Lines (MOL), Nippon Yusen Kabushiki Kaisha (NYK) and Kawasaki Kisen Kaisha (K Line) - have reported profit s for the first quarter, bouncing back from losses a year earlier Reuters reported.
News ID: 75370 Publish Date : 2017/08/04
Drewry:
Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to Drewry’s LNG Forecaster report.
News ID: 75234 Publish Date : 2017/07/27
Qatar Gas Transport Company (Nakilat) has recorded a 18.4% year-on-year decline in profit for the first half ended 30 June 2017.
News ID: 75227 Publish Date : 2017/07/26
Saudi shipowner also blames increased bunker costs for lower earnings in the first half.
News ID: 75187 Publish Date : 2017/07/26
Cosco Shipping Energy Transportation (CSET) has alerted investors of an anticipated plunge in net profit for the first half ended 30 June 2017 compared to the year-ago period.
News ID: 75091 Publish Date : 2017/07/21
China International Marine Containers (CIMC) says it expects to turn a net profit of between RMB700m ($103.4m) to RMB900m compared to a net loss of RMB378m in the previous corresponding period.
News ID: 75050 Publish Date : 2017/07/19
China Merchants Port Holdings recorded an increase in first half net profit .
News ID: 75041 Publish Date : 2017/07/19
The healthy international trade and cost cutting measures augurs well for Japan's to three marine shippers - Nippon Yusen, Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha - reported Nikkei.
News ID: 75006 Publish Date : 2017/07/17
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
Drewry:
The majority of container shipping lines lost money in the first three months of 2017, but higher rates and fast-growing demand will soon show on the bottom line, according to shipping consultancy Drewry.
News ID: 74194 Publish Date : 2017/05/31