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Hapag-Lloyd’s Operating Result More Than Tripled in 2017

Chennai: Port Wings News Network: Leading shipping lines Hapag-Lloyd has disclosed its 2017 annual report on 28 March. Based on the audited figures, earnings before interest, taxes, depreciation and amortisation (EBITDA) increased significantly to EUR 1,055 million (2016: EUR 607 million) and the operating result before interest and taxes (EBIT) …

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New Samskip Container Service for Amsterdam Container Terminal

Chennai: Port Wings News Network: A new short-sea container service between Amsterdam and Hull has been formally inaugurated on 21 March 2018 with the first call of the 340-TEU vessel THEA II at Amsterdam Container Terminal (ACT). The new service, operated by leading short sea container operator Samskip, offers three …

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PSA International Records 8 % Revenue Growth in 2017

Chennai: Port Wings News Network: Port and container terminal operator PSA International Pte Ltd (PSA) has registered a revenue increase of 7.8% for the period ended on 31 December 2017, latest data released by the company on 19 March has revealed. According to the details available, profit from operations also …

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CMA CGM Once Again Delivers Strong Operating Results

Chennai: Port Wings News Network: The Board of Directors of the French Group CMA CGM, a worldwide leading shipping company, met on 16 March under the chairmanship of Rodolphe Saadé, Chairman and CEO, to approve the 2017 annual consolidated financial statements. Upon the publication of its 2017 annual results, Rodolphe …

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MISC Berhad Forays Into Thailand’s Offshore Oil & Gas Sector

Chennai: Port Wings News Network: MISC Berhad (MISC), a world leading energy related maritime solutions and services provider, on 12 March held the naming and delivery ceremony of its new Floating, Storage & Offloading (FSO) facility for Chevron Offshore (Thailand) Limited (COTL), the FSO Benchamas 2. The project marks MISC’s …

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Government Announces Financial Assistance Policy for Shipyards

New Delhi: Port Wings News Network: The Union Government has introduced a Rs.4000 Crores Financial Assistance Policy (FAP) for Indian shipyards for a period of 10 years, for contracts secured between 01.04.2016 and 31.03.2026, the Minister of State for Shipping Shri Pon Radhakrishnan informed in a written reply to a …

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