Accountancy

Sovcomflot H1 and Q2 2021 Financial and Operating Results

Sovcomflot H1 and Q2 2021 Financial and Operating Results

SCF Group’s President & CEO Igor Tonkovidov

SCF improves key financial metrics quarter over quarter and has contracted revenue of at least USD one billion in 2021

26 August 2021, Moscow, Russia: PAO Sovcomflot (SCF Group, the Company; MOEX: FLOT), a global leader in marine energy transportation services, releases its Condensed Consolidated Interim Financial Statements for the periods ended 30 June 2021.

FINANCIAL HIGHLIGHTS

  • The industrial...

https://allaboutshipping.co.uk/2021/08/26/sovcomflot-h1-and-q2-2021-financial-and-operating-results/

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2021

Diana Shipping Inc. Reports Financial Results for the Second Quarter and Six Months Ended June 30, 2021

..

ATHENS, GREECE, August 3, 2021 – Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today reported net income of $2.8 million and net income attributed to common stockholders of $1.4 million for the second quarter of 2021. This compares to a net loss of $10.8 million and net loss attributed to common stockholders of...

https://allaboutshipping.co.uk/2021/08/03/diana-shipping-inc-reports-financial-results-for-the-second-quarter-and-six-months-ended-june-30-2021/

Record performance for GEODIS in the first half of 2021

Record performance for GEODIS in the first half of 2021

  • In the first half of 2021, GEODIS achieved revenues of €4,865 million, up +21% compared to 2020 at constant exchange rates and scope of consolidation, resulting from sustained activity recorded in all the Group’s business lines and regions.
  • EBITDA of €458 million, up by more than 60%.
  • The amount of operating cash flow has enabled the Group to finance acquisitions while reducing net financial debt compared to June 2020 (-€123 million).
  • GEODI...

https://allaboutshipping.co.uk/2021/07/30/record-performance-for-geodis-in-the-first-half-of-2021/

DSV Panalpina releases the interim financial report for half-year 2021

DSV Panalpina releases the interim financial report for half-year 2021

Today, DSV Panalpina releases the interim financial report for the first six months of 2021. The results show strong growth in EBIT before special items of 64,7% during the first six months of 2021 compared to the same period in 2020. The great performance was driven by 18% growth in gross profit and a high productivity across all divisions.

Jens Bjørn Andersen, Group CEO: “We are proud to report strong results for the first...

https://allaboutshipping.co.uk/2021/07/29/dsv-panalpina-releases-the-interim-financial-report-for-half-year-2021/

Wärtsilä’s Half Year Financial Report January–June 2021

Wärtsilä’s Half Year Financial Report January–June 2021

Wärtsilä Corporation Half Year Financial Report January–June 2021 20 July 2021 at 8:30 a.m. local time

Wärtsilä’s Half Year Financial Report January–June 2021

STRONG CASH FLOW, BUT BUSINESS STILL HAMPERED BY COVID-19

This release is a summary of Wärtsilä’s Half Year Report January–June 2021. The complete report is attached to this release as a pdf file*. It is also available on the company website at www.wartsila.com.

HIGHLIGHTS OF APRIL–JUNE...

https://allaboutshipping.co.uk/2021/07/20/wartsilas-half-year-financial-report-january-june-2021/

Greek tech start up signs 300th vessel to cloud-based disbursements tool

Greek tech start up signs 300th vessel to cloud-based disbursements tool

Harbor Lab Founder and CEO, Antonis Malaxianakis ; Credit: Harbor Lab

Greek startup Harbor Lab welcomed in June its 300th vessel to its online disbursements platform. The achievement was realised 15 months after the software company launched its disbursements accounting (DA) processing solution for the shipping industry, which gives vessels’ operators access to agents and vendors at ports across the globe reducing back...

https://allaboutshipping.co.uk/2021/07/13/greek-tech-start-up-signs-300th-vessel-to-cloud-based-disbursements-tool/

ShipMoney Introduces Money Transfer Scheduler Empowering Crew and Companies

ShipMoney Introduces Money Transfer Scheduler Empowering Crew and Companies

Stuart Ostrow, President of Maritime Payment Solutions – ShipMoney

Maritime Payment Solutions, LLC (d/b/a ShipMoney), a global provider of digital payment solutions for maritime companies, has launched the ShipMoney Money Transfer Scheduler. This new feature allows seafarers to preschedule automated transfers from their ShipMoney cards to bank accounts, companion cards, as well as for cash pickup via MoneyGram, TransFast...

https://allaboutshipping.co.uk/2021/07/07/shipmoney-introduces-money-transfer-scheduler-empowering-crew-and-companies/

Selfinvest: Growth strategy yields third highest result ever

Selfinvest: Growth strategy yields third highest result ever

Torben Østergaard-Nielsen

• In the financial year 2020/21, Selfinvest achieved a revenue of DKK 66 billion – EBITDA of
DKK 948 million and a profit before tax of DKK 621 million.
• Selfinvest, the Østergaard-Nielsen family office, cements its solid financial position within
investments that contribute significantly to the overall result.
• The pandemic crisis caused a significant change in supply and demand in the global freight
market,...

https://allaboutshipping.co.uk/2021/06/28/selfinvest-growth-strategy-yields-third-highest-result-ever/

American Club Circular no. 4/2 – The American Club’s Annual Report and Accounts for 2020

American Club Circular no. 4/2 – The American Club’s Annual Report and Accounts for 2020

Joseph E.M. Hughes, Chairman and CEO, Shipowners Claims Bureau, Managers for The American Club
JUNE 25, 2021
CIRCULAR NO. 14/21
TO MEMBERS OF THE ASSOCIATION
Dear Member:
THE AMERICAN CLUB’S ANNUAL REPORT AND ACCOUNTS FOR 2020.
Your Managers are pleased to link to the American Club’s Annual Report and Accounts for the year ended December 31, 2020. As will be seen, they are in an electronic format. They...

https://allaboutshipping.co.uk/2021/06/25/american-club-circular-no-4-2-the-american-clubs-annual-report-and-accounts-for-2020/

“K” Line: Notice of occurrence of Non-Operating Income by dividends income

“K” Line: Notice of occurrence of Non-Operating Income by dividends income

..

Kawasaki Kisen Kaisha, Ltd. (hereafter, “the Company”) will account following dividends income on Non-Operating Income of non-consolidated financial results for the fiscal year ending March 31, 2022.

1) Outline of dividends

The Company will receive dividends of about 61 million U.S. Dollars from OCEAN NETWORK EXPRESS PTE. LTD., the affiliate company accounted with the equity method in the first quarter of the current...

https://allaboutshipping.co.uk/2021/06/14/k-line-notice-of-occurrence-of-non-operating-income-by-dividends-income/

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