For the first quarter of 2020, Hapag-Lloyd recorded earnings before interest and taxes (EBIT) of USD 176 million (EUR 160 million), which is below the corresponding prior-year figure of USD 243 million (EUR 214 million). The Group net result declined to approximately USD 27 million (EUR 25 million). Earnings before interest, taxes, depreciation and amortisation …
Commercial outperformance in challenging times HIGHLIGHTS • Operating income of USD 33.6 million (Q1 2019: USD 31.1m) • EBITDA of USD 4.9m (USD 10.1m) • Net result of USD 0.2m (USD 2.5m) • Net TCE earnings per ship of USD 8 636 per day versus BSI index of USD 6 232 net per day • …
Thoresen Thai Agencies Plc. (TTA) reported that its consolidated revenues decreased year-on-year by 11% and quarter-on-quarter by 21% to Baht 3,295.8 million and consolidated net losses of Baht 459.2 million in 1Q/2020 due to typically low season, the impact of COVID-19 pandemic, and the adoption of new accounting standard. Shipping, Offshore Service, Agrochemical, and Investment …
You may have read those Kafkaesque stories about seafarers marooned on cargo ships month after month, unable to go home at the end of their work contracts due to COVID-19 travel restrictions. You may have thought, “How unfortunate,” then turned your attention back to your own pressing business problems amid the pandemic. A crisis for …
Stranded crew crisis is ticking time bomb for global trade Read More »
Yang Ming Marine Transport Corporation (Yang Ming) held its 346th Board Meeting on 13th May to approve its Q1 financial report of 2020. The consolidated revenues of Q1 totaled NTD 34.64 billion (USD 1.15 billion), decreased 1% compared with NTD 35.08 billion (USD 1.14 billion) in revenue from the same period of previous year. The …
Yang Ming Announces Financial Status for 2020 Q1 Read More »
Boatswain (Bosun) on Crude oil tankerWe are looking for a good BoatswainType of vessel: Aframax Crude Oil TankerDWT: Aframax Crude Oil TankerYear of build: 2020Flag: MISalary: 2000$Length of contract: 6+-1Requirements: Good English, under 50 years old, one year in rank. Interesados: crewing@stmagroup.com
Se necesitan Oficiales y Tripulantes para buque tanque de productos – Salarios entre 2.500 y 12.500 USD/mes For Oil Product Tanker, 73 000 deadweight with FRAMO CP , ME MAN & B&W, we have following openings. Please apply: · Master – 12500 USD/month / 5 months contract. https://lnkd.in/gzNHGEB· Chief Mate -9500 USD/month / 5 months …
The coronavirus pandemic is opening up many new opportunities for the shipping industry, Cristina Aleixendri, COO at bound4blue, said during a video conference hosted by SMM. “The coronavirus could be the driving force enabling us to achieve the decarbonisation goals even before 2050,” Aleixendri pointed out, explaining that one possible way to cut emissions today …
COVID-19 could be driving force to decarbonise shipping before 2050 Read More »
TDI-Brooks, under contract to TGS, has completed the offshore multibeam phase offshore the Niger Delta. This survey took place in water depths of 750 to 3,500 metres. It is also Nigeria’s first regional multi-client multibeam and seafloor sampling study. TDI-Brooks’ R/V Gyre acquired 82,000 square kilometres of high-resolution hull-mounted multibeam echo sounder data. The multibeam …
TDI-Brooks completes multibeam phase off Nigeria Read More »
In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provider Petrofac is taking further action to reduce costs and preserve balance sheet. Petrofac has already announced its decision to reduce its capex by 40 per cent, reduce salaries across the company, and reduce its personnel by about 20 per …
