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https://www.freightwaves.com/news/daily-infographic-how-much-money-have-airlines-lost-so-far-in-2021
French liner major CMA CGM has added 14 new vessels and 32 second-hand vessels to its fleet in 2021 to speed up maritime decarbonisation efforts. The post CMA CGM adds 46 vessels in 2021 in…
https://www.offshore-energy.biz/cma-cgm-adds-46-vessels-in-2021-in-decarbonisation-push/
South Korean shipping major HMM reported KRW 2408.2 billion ($2 billion) operating profit, “the highest ever” in the first half of 2021. The post HMM posts “highest profit ever” in H1…
https://www.offshore-energy.biz/hmm-posts-highest-profit-ever-in-h1-2021/
Antwerp-based tanker shipping company Euronav has reported a challenging second quarter of 2021 which ended in a $90 million deficit. The post Euronav faces “challenging” Q2, suffers…
https://www.offshore-energy.biz/euronav-faces-challenging-q2-suffers-89-7m-loss/
Danish shipping and logistics giant A.P. Moller – Maersk has continued to deliver strong growth and profitability with profit going up to $3.7 billion in the second quarter of 2021. The post Maersk…
Fugro half year financial results 2021 Return to growth in Q2 and improved margins
Further diversification driven by growth in renewables, infra and nautical
■ In the second quarter, revenue was up by 14.1%; the first increase since the start of the pandemic. Overall, first half-year revenue declined slightly despite growth in the renewables, infrastructure and nautical markets, which now represent 60% of Fugro’s revenue.
■ Improved EBIT margin for the second quarter and the first...
High air and sea freight rates drove Dachser’s revenues last year and, despite falling volumes, the forwarder recorded net earnings of €5.61bn ($6.67bn), down 0.9% on 2019.
Air and Sea Logistics saw revenue growth of 5.2%, to €1.2bn, as it “benefited from the shortages in air and sea freight capacity, and the corresponding rise in freight rates throughout 2020,” it said, as well as activity in Asia.
It added that its own …
The post Dachser a ‘rock of stability’ during the pandemic as air and sea...
https://theloadstar.com/dachser-a-rock-of-stability-during-the-pandemic-as-revenues-rise/
Kerry Logistics Network’s freight forwarding division drove growth at the group, which saw core net profit in 2020 grow 33% to HK$3.32bn (US$234m).
Revenues rose 30% to HK$53.3bn, while its cash position grew some 45%, to HK$8.47bn.
Kerry’s International Freight Forwarding (IFF) arm was “the powerhouse”, said the company, accounting for 28% of the total profit, with its own profit up 64% year on year.
“The growth was mainly driven by a high …
The post Global forwarding the star performer,...
https://theloadstar.com/global-forwarding-the-star-performer-driving-growth-for-kerry-logistics/
Directly and indirectly, a few event-driven sharks recently reached out to ask whether Israel’s ZIM Integrated Shipping Services was worth their money – just as most of those I talked to believe the residual value in the bonds and stocks of the big guns, the major carriers, and other shipping...
https://theloadstar.com/supply-chain-radar-zim-ming-google-it/
Dynagas LNG Partners LP, an owner and operator of liquefied natural gas (“LNG”) carriers, today announced its results for the three months and year ended December 31, 2020, reports Hellenic Shipping News.
Fourth Quarter Highlights• Net income and earnings per common unit of $10.6 million and $0.22, respectively;
• Adjusted Net Income(1) of $10.7 million and Adjusted Earnings per common unit of $0.22;
• Adjusted EBITDA(1) of $24.4 million;
• 100% fleet utilization; and
• Declared and paid cash...
https://mfame.guru/dynagas-lng-partners-lp-expects-improvement-in-lng-shipping-market/