Finance

  • ATI applies to raise cargo handling rates at Port...

    Listed port operator Asian Terminals, Inc. (ATI) and its unit ATI Batangas, Inc. (ATIBI) have filed applications with the Philippine Ports Authority (PPA) to increase cargo handling tariffs at the Phase I and Phase II terminals of the Port of Batangas.

     

  • AB Klaipėdos nafta unaudited financial...

    AB Klaipėdos nafta (hereinafter – KN, the Company) announces the unaudited consolidated (hereinafter – the Group) and separate financial results for the three months ended 31 March 2021.

     

  • $25 billion investment proposed for U.S. Navy...

    A bipartisan group of U.S. senators, supported by two Republican members from the House of Representatives, is proposing legislation to invest $25 billion to improve the U.S. Navy’s shipyard infrastructure. They said the proposed legislation would address the critical problems in the shipyard infrastructure by repairing, modernizing, and making critical capital equipment improvements at both the Navy’s public yards and the private shipyards and suppliers serving the Navy.

     

  • Strong market leads Maersk to double earnings...

    The boom in the shipping industry and the expectations for strong demand to continue through 2021 are driving the major carriers’ earnings to new highs. A.P. Moller – Maersk, the public parent company of the world’s largest container shipping company, raised its guidance to investors forecasting that its earnings and cash flow will more than double versus previous guidance for 2021.

     

  • Apapa traffic costs Nigeria N140bn weekly...

    Experts in the Maritime industry have said that Nigeria could save the N140 billion weekly economic losses and another $10 billion import/export products wasted annually if the stifling traffic is curtailed.

     

  • Petrobras orders subsea manifolds from TechnipFMC

    Oilfield services firm TechnipFMC has this week secured "a significant" subsea contract from Petrobras for the Marlim and Voador fields, located offshore Brazil. For TechnipFMC, a “significant” contract is between $75 million and $250 million.

     

  • Singapore and shipping industry establish $90M...

    The Maritime and Port Authority of Singapore is joining with six leading companies from the shipping industry to establish a maritime decarbonization center. The center, which will have an initial budget of US$90 million was one of the recommendations from the International Advisory Panel on Maritime Decarbonization representing industry, academia and government created last summer in Singapore. The MPA also announced a second program with the government’s investment fund to explore other opportunities in the decarbonization of the maritime industry.

     

  • Massport invests $850M enhancing Boston container...

    Three new low profile Neo-Panamax cranes have begun their journey to Boston from Shanghai, China as the latest step in the Massachusetts Port Authority (Massport) efforts to expand operations and improve capabilities to handle larger ships in the port of Boston. They have invested more than $850 million into efforts around the port, which includes these cranes along with a new berth and a deepened Boston Harbor, to give the port the capability to handle larger vessels and facilitate future growth.

     

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$25 billion investment proposed for U.S. Navy shipyard infrastructure

A bipartisan group of U.S. senators, supported by two Republican members from the House of Representatives, is proposing legislation to invest $25 billion to improve the U.S. Navy’s shipyard infrastructure. They said the proposed legislation would address the critical problems in the shipyard infrastructure by repairing, modernizing, and making critical capital equipment improvements at both the Navy’s public yards and the private shipyards and suppliers serving the Navy.

 
English

Strong market leads Maersk to double earnings forecast

The boom in the shipping industry and the expectations for strong demand to continue through 2021 are driving the major carriers’ earnings to new highs. A.P. Moller – Maersk, the public parent company of the world’s largest container shipping company, raised its guidance to investors forecasting that its earnings and cash flow will more than double versus previous guidance for 2021.

 
English

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