Shipping Minister Mandaviya Visits Kamarajar Port

Chennai: Port Wings News Network: As part of his Tamil Nadu tour, Union Minister of State for Shipping (Independent Charge) and Chemicals and Fertilizers Mansukh Mandaviya on 15 November 2019 visited Kamarajar Port. During his visit to the Port Shri Mandaviya inaugurated the newly constructed parking yard, new gate complex …

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A.P. Moller – Maersk Improves Operational Profitability

Chennai: Port Wings News Network: A.P. Moller – Maersk’ third quarter is characterized by improved profitability across the business. According to a media statement, earnings before interest, tax, depreciation and amortization (EBITDA) improved 14% to USD 1.7bn in the quarter, reflecting an increase in EBITDA margin to 16.5%. However, revenue …

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Hapag-Lloyd Doubles Operational Result in First Nine Months

Chennai: Port Wings News Network: In the first nine months of 2019, Hapag-Lloyd’s earnings before interest and taxes (EBIT) significantly increased to EUR 643 million (9M 2018: EUR 299 million). The group net result rose substantially to EUR 297 million (9M 2018: EUR 13 million). Earnings before interest, taxes, depreciation …

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ICTSI Net Income Up 29% to US$184.9M in 9M2019

Chennai: Port Wings News Network: International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2019 posting revenue from port operations of US$1.1 billion, an increase of 10 percent over the US$1.0 billion reported for the same period in 2018; Earnings Before …

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