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Hapag-Lloyd expects strong year results

* Shipping volumes boosted by later peak season start * Transport volumes were up 26.6 pct in Jan-Sept * Sustained high bunker prices remain major worry (Recasts with quotes from interview with CEO) German shipping group Hapag-Lloyd expects an increase in transport volumes to last for the remainder of 2018 …

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Hapag-Lloyd reports positive net result

EUR 212 million EBIT in Q3 – Group net result positive after nine months Recovery of freight rates in the third quarter Significant increase in transport volume Hapag-Lloyd has concluded the third quarter 2018 with higher earnings before interest and taxes (EBIT) of EUR 212.1 million (Q3 2017: EUR 178.1 …

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ICTSI posts 9 months revenue of US$1 billion

International Container Terminal Services, Inc. (ICTSI) today (Nov. 7) reported unaudited consolidated financial results for the first nine months of 2018 posting revenue from port operations of US$1.0 billion, an increase of 10 percent over the US$918.3 million reported in the same period in 2017; Earnings Before Interest, Taxes, Depreciation …

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Matson reports 3Q financial results

Matson, Inc. (“Matson” or the “Company”), a leading U.S. carrier in the Pacific, yesterday (Nov. 05) reported net income of $41.6 million, or $0.97 per diluted share, for the quarter ended September 30, 2018.  Net income for the quarter ended September 30, 2017 was $34.1 million, or $0.79 per diluted share.  Consolidated revenue for the third quarter 2018 was $589.4 …

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Textainer’s third-quarter results

Textainer Group Holdings Limited (“Textainer” or “the Company”), one of the world’s largest lessors of intermodal containers, reported financial results for the third quarter ended September 30, 2018. Key Financial and Business Highlights Total revenues of $149.4 million for the quarter, a $23.8 million increase (or 19.0%) from the third quarter of 2017, driven by …

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Konecranes, strong results along with order growth

Konecranes applied the full retrospective approach in IFRS 15 transition, and the numbers for the periods in 2017 have been restated. Please refer to note 4 for more details on the implementation of IFRS 15 and other significant accounting policies. Figures in brackets, unless otherwise stated, refer to the same period …

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Seaspan announces its financial results

Seaspan Corporation (“Seaspan”) announced on Oct. 30 its financial results for the three and nine months ended September 30, 2018. Highlights for the Quarter: Earnings per diluted share of $0.36 for the third quarter and $1.07 for the nine months Cash Flow from Operations reached a quarterly record $142.2 million for the third quarter and $325.0 million for the nine …

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Wärtsilä reports its interim financial results

THIRD QUARTER HIGHLIGHTS – Order intake stable at EUR 1,372 million (1,354) – Net sales increased 13% to EUR 1,330 million (1,175) – Book-to-bill 1.03 (1.15) – Comparable operating result increased to EUR 141 million (131), which represents 10.6% of net sales (11.2) – Earnings per share increased to 0.17 …

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COSCO Ports’ growth continues

Revenue Surged by 62.6% Net Profit Increased by 11.8% COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”, SEHK: 1199), the world’s leading ports operator, yesterday (Oct. 30) announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September …

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OOCL reports its operational results

For the third quarter of 2018 (ended 30th September 2018), total volumes were 6.9% up from the same period last year. Total revenues increased by 7.0% to US Dollars 1,555.7 million. Loadable capacity increased by 3.9%. The overall load factor was 2.3% higher than the same period in 2017. Overall …

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