For 2019, Maersk expects EBITDA of around USD 5 billion including effects from IFRS 16, and around USD 4 billion excluding effects from IFRS 16. The organic volume growth in Ocean is expected to be in line with the estimated average market growth of 1-3% for 2019. “Maersk’s guidance for 2019 is subject to considerable…
APM Terminals Inland Services in Costa Rica has worked closely with one of the world’s largest producers and exporters of tropical fruit. Among other things, the solution has helped optimize the flow of containers to fruit plantations on the Caribbean coast, increase efficiency and lower reefer inventory. With a large number of refrigerated containers (reefers)…
SAIPEM commissions tailored emergency scenario training course as a means of preventing DP incidents The oil & gas industry contractor SAIPEM, recently commissioned DP (dynamic positioning) market and technology leader Kongsberg Maritime to deliver a tailored DP emergency scenario training course for its employees, at the Kongsberg Maritime training centre in Kongsberg, Norway. SAIPEM has…
The ATSB is urging crewmembers to adhere to procedures that are created to keep them safe after a serious incident on a bulk carrier ship left two men seriously injured. The ATSB has completed the investigation into how two crewmembers on board the bulk carrier Shanghai Spirit suffered serious injuries after a scaffolding tower fell….
Today we start the recycling of our faithful Star Gran at LEYAL Ship Recycling Group in Turkey. She is the first under the new EU recycling regulations. We recycled our first vessel 18 years ago at a yard in China. Ever since, we have been committed to a sustainable recycling of our vessels. Since 2010,…
The Port of Tilbury, the UK’s fastest growing port, has received development consent from the Secretary of State for Transport to build Tilbury2 – a new multimillion-pound port terminal adjacent to the current 930-acre site in Thurrock, on the outskirts of Greater London. With construction scheduled to commence in a matter of weeks, the privately…
According to an advisory release by Ocean Network Express, the Port Authority is yet to give their final approval to start discharge operations, which is expected to be received in the next few days. The authority is monitoring the preparation of the site. “We are in close contact with the local authorities to be able…
The joint venture company between Mitsubishi Group (40 pct) and d’Amico Tankers (51 pct), signed a memorandum of agreement for the sale of the 46,800 dwt MT High Strength for a consideration of USD 16.4 million. The vessel will continue its current time-charter out contract with d’Amico Tankers until October 2019. d’Amico informed that the…
The 72,768 dwt vessel has been sold for USD 6.75 million to an undisclosed buyer. As informed, the vessel will be delivered to its new owners in the course of April 2019. Euronav expects to record a capital gain of approximately USD 0.4 million in the second quarter. The LR1 Genmar Compatriot joined the Euronav…
This was a substantial improvement from a loss of USD 151.4 million posted in the corresponding period a year earlier and a loss of USD 38 million seen in the third quarter of 2018, as explained by NAT. For the full year 2018, net loss was reduced to USD 95.3 million from USD 205 million…
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