Tag: Profit

Shipping giants make profit from the EU’s carbon market (EU ETS), a new Transport & Environment (T&E) study claims.

Samsung Heavy Industries will aim to achieve an operating profit next year. This can achieved by the increased order volume and reduced fixed costs. The company's CEO, Nam Joon-ou said that a better demand can result in orders of US$8.2 billion in 2018, compared to $6.9 billion in 2017.

The European Shippers’ Council was asked by representatives of national shippers’ councils, as well as by individual export companies, to organize an emergency meeting. This meeting took place last week and focused on the current situation in maritime sector: goods to be exported have been waiting for up to 8 weeks to be loaded on ships.

Maritime Strategies International says that sentiment in the containership markets is palpably shifting and, on the back of the Q1 2017 optimism, a roadmap to headier rates and earnings might take the following course.

The current shortage of officer corps seafarers is forecast to worsen and risks impacting carrier profitability according to Drewry's recently published Manning 2014 Annual Report

LNG is shipped all over the world and is considered a cheaper source of gas What the world sees as a full-fledged sector now was not even feasible just a few years ago. Liquefied natural gas sector has become global in no time.Today LNG is shipped all over the world and is considered a cheaper source of gas. Moreover, it is the global shipping industry that has benefited the most.Today LNG shipping is being seen as a highly profitable business, unmistakably by the soaring shipping rates.Well it might surprise everyone, but the shipping scenario was not as rosy just a few years ago when around 30 percent of the global LNG shipping capacity was idle.There was a time when United States of America was importing LNG from the rest of the world.However, when the gas production started to rise as the country entered into the famous gas glut, the discovery of gigantic shale gas reserves in United States rendered importing LNG unfeasible as natural gas prices went down massively.The other major consumer of LNG, Asia was also unable to provide any respite to the LNG shipping sector due to the continuous rise in the global gas supply and the fall ...

The port in Bulgaria's Black sea capital Varna has processed a record volume of cargo in 2011 The port in Bulgaria's Black sea capital Varna has processed a record volume of cargo in 2011. Photo by eurolink-bulgaria.com2011 was a record year for the port of Varna with over nine million tons of processed cargo and over BGN 4 M in net profit.The information was announced by the Director of the Port of Bulgaria's Black Sea capital, Captain Daniel Papazov, quoted by Radio Varna Wednesday.Expectations for 2012 are that the processed cargo passed at the port will be at least 8 million tons. The port has already sealed 73 permanent contracts for 2011.The investment program provides for the purchase of two mobile cranes, as well as equipment for loading grain at the Varna - West port.Source: Novinite