EBITDA

Hapag-Lloyd profit swells despite shrinking volumes

Hapag-Lloyd maintains that despite doused volumes in the second quarter, it has the liquidity and strong earnings to stay well above water.

“After the year got off to a decent start, transport volumes significantly declined in the second quarter as a result of the COVID-19 pandemic. We benefited from the sudden drop in bunker prices, adjusted capacity to lower demand and took additional cost-cutting measures as part of our performance safeguarding program,” CEO Rolf Habben Jansen said in...

https://s29755.pcdn.co/news/hapag-lloyd-profit-swells-despite-shrinking-volumes

Future of Box Terminals Look Bleak Ahead of Q2 Results

  • Expansion plans and capital spending have been put on hold by container terminal operators.
  • Volumes and share prices remain slashed and a resulting hit to their balance sheets.
  • The first quarter saw world port handling drop around 4% year on year.
  • Drewry estimates global port volumes will fall 9% over the rest of the year.
  • 2021’s forecast is currently ranging from a 13% fall to minus 6%.
  • Medium-term supply chain diversification from China is likely to spur port investment.

According to an...

https://mfame.guru/future-of-box-terminals-look-bleak-ahead-of-q2-results/

ZIM’s loss drops as EBITDA and cash flow jump

ZIM’s year-over-year operating cash flow zoomed upward by more than 70% in the first quarter of 2020.

The Israel-based container carrier reported operating cash flow of $101.6 million in Q1, a 70.2% increase from the $59.7 million reported in 2019.

ZIM Integrated Shipping Services Ltd. said that despite the challenging and unprecedented business environment during the coronavirus pandemic, it continued to improve its commercial and financial performance and expand its global network. 

Adjusted net...

https://s29755.pcdn.co/news/zims-loss-drops-as-ebitda-and-cash-flow-jump

Hapag-Lloyd Maintains 2020 EBITDA Despite COVID-19 Demand Fluctuations!

Hapag-Lloyd maintains its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, reports The LoadStar.

First-quarter EBITDA

Hapag-Lloyd announced that it was maintaining its 2020 EBITDA guidance of €1.7bn-2.2bn, despite unpredictable fluctuations in demand, due to the coronavirus pandemic.

It posted a first-quarter EBITDA of €469m ($507.8m), a decline of €20m from the same period last year.

Reason for EBITDA decline

The decline in EBITDA was largely due to the impact of...

https://mfame.guru/hapag-lloyd-maintains-2020-ebitda-despite-covid-19-demand-fluctuations/

No Buyers for Maersk’s Supply Subsidiary

  • A.P. Moller – Maersk Board of Directors has decided to retain full ownership of Maersk Supply Service.
  • Maersk Supply Service launched a new strategic direction in the autumn of 2016 as a response to the downturn.
  • 30 percent of Maersk Supply Service’s revenue was generated from new and diverse business, including offshore wind, ocean cleaning and deep-sea mining.
  • For the financial year 2018, Maersk Supply Service reported a revenue of USD 263 m and an EBITDA of USD 3 m with negative free cash...

http://mfame.guru/no-buyers-for-maersks-supply-subsidiary/

American Shipping Company ASA Reports Q4 Results

On 28 February 2019, American Shipping Company ASA announced the results for fourth quarter ending 31 December 2018.

Report Highlights
  • Overseas Shipholding Group (“OSG”) exercised options to extend the bareboat charter agreements for all nine of AMSC’s vessels up for renewal
  • Stable Q4 bareboat revenue of USD 22.1 million and backlog of secured bareboat revenue of USD 302.7 million with average weighted tenor of 3.4 years
  • Normalized EBITDA for Q4 of USD 22.2 million
  • Adjusted net profit for Q4 of...

http://mfame.guru/american-shipping-company-asa-reports-q4-results/

EuroDry Ltd. Declares Previous Quarterly Reports

  • Total net revenues of $7.0 million, Net income of $0.8 million; net income attributable to common shareholders of $0.6 million or $0.25 earnings per share basic and diluted.
  • Adjusted net income attributable to common shareholders1 for the period was $0.7 million or $0.31 per share basic and diluted with Adjusted EBITDA1 at $3.5 million.
  • An average of 6.3 vessels was owned and operated during the fourth quarter of 2018 earning an average time charter equivalent rate of $12,513 per day.
  • The...

http://mfame.guru/eurodry-ltd-declares-previous-quarterly-reports/

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