Q1 2021

BC Ferries: Traffic Showing Signs of Improvement while Pandemic Continued to Impact Q1 Results

Q1 results for the three months ended June 30, 2021 +37% cars compared to Q1, 2020 and -27% compared to Q1, 2019 (pre-Covid) +40% passengers compared to Q1, 2020 and -46% compared to Q1, 2019 (pre-Covid) Revenues increased $91.8 million, primarily as a result of the Safe Restart Funding, increases...

https://ferryshippingnews.com/bc-ferries-traffic-showing-signs-of-improvement-while-pandemic-continued-to-impact-q1-results/

Maersk Reports Revenue Of $12.4 billion For Q1 2021

Maersk significantly increased full year profit expectations as it reported revenues of $12.4bn for Q1 2021 with an EBITDA of $4bn and an underlying EBIT of $3.1bn for the three-month period, says an article published in its website.

Maersk on Q1 result

The company said, “Consequently, given the result in Q1 2021 and the exceptional market situation now expected to continue well into the fourth quarter of 2021. Trading conditions for the quarters ahead remain subject to a higher than normal...

https://mfame.guru/maersk-reports-revenue-of-12-4-billion-for-q1-2021/

Crude Shipments Boost Corpus Christi Port To 2020 Tonnage Record

  • Corpus December exports at 1.9 million b/d.
  • Corpus export activity around 4.41 million b/d end-2020.
  • Houston exported 685,250 b/d in December.

The Port of Corpus Christi ended 2020 with record tonnage, mainly due to a 65% increase in crude oil shipments from the previous year, reports Platts.

New quarterly record

The port set a new annual tonnage record of 159.7m tonnes, a 31% increase over 2019, as well as a new monthly record of 15.9m tonnes for December, 15% higher than December 2019. This...

https://mfame.guru/crude-shipments-boost-corpus-christi-port-to-2020-tonnage-record/

Wallenius Wilhelmsen To Restart Vessels from Cold Laid Up

Wallenius Wilhelmsen has decided to reactivate up to 9 of its 16 vessels that are currently in cold layup, reads the website.

Reactivation of vessels during Q1 2021

Plans are in place to reactivate these vessels during the first quarter of the year, the company said, to replace capacity currently sourced through short-term charters.

“Flexibility in the fleet has been a core strategic choice since the inception of Wallenius Wilhelmsen, ensuring our ability to adjust the fleet to our needs and...

https://mfame.guru/wallenius-wilhelmsen-to-restart-vessels-from-cold-laid-up/

Wilson Sons To Kickstart Building of 6 New Tugboats

From the first quarter of 2021, Wilson Sons will start the construction of six tugboats, at the Group’s shipyards in Guarujá (SP), reports Sea News.

Addition to the largest fleet in Brazil

The new vessels will be added to the Company’s fleet, the largest in Brazil, with 80 tugboats, spread across the Brazilian coast.

The new series of vessels will contribute to the renewal of the fleet and will facilitate support for large ships that will stop over the next few years at Brazilian ports.

“We will...

https://mfame.guru/wilson-sons-to-kickstart-building-of-6-new-tugboats/