TEU

Ivanhoe Mines: United States Announces Support for Development of Lobito Atlantic Railway Corridor at the 2023 G7 Summit

Retrieved on: 
Wednesday, May 24, 2023
TEU, DRC, Maintenance, Partnership, CITIC, Metal, Transport, Unitary state, Carbon, Congo, Government, Angolan, Benguela railway, Ministry, DFC, Democratic republic, Century, TSX, U.S. International Development Finance Corporation, Rail freight transport, Rail transport, Mining, Typesetting

The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.

Key Points: 
  • The "transformative economic corridor" connects the Angolan port of Lobito to the Democratic Republic of Congo (DRC) Copperbelt.
  • The consortium will be responsible for the operation, management and maintenance of the rail infrastructure and rolling stock from the Lobito port to the Angolan-DRC border.
  • Further, on January 27, 2023, the governments of Angola, DRC, and Zambia signed the Lobito Corridor Transit Transport Facilitation Agency Agreement (LCTTFA).
  • The tri-partite LCTTFA aims to coordinate the joint development activities of the Lobito Corridor.

Navios Maritime Partners L.P. Reports Financial Results for the First Quarter Ended March 31, 2023

Retrieved on: 
Tuesday, May 23, 2023
Cosmos, Dorado, Photon, Aurora, TEU, Polaris, NMM, Nave, Bank statement, Navios Maritime Holdings, Panamax, SOFR, Speaker of the House of Commons (United Kingdom), American Stars 'n Bars, Sale, Term, NYSE, LTV, EBITDA, MR2, Acquisition, Capesize, Water, Bank, Shipbuilding, Beauty salon, Airline, Intermodal freight transport

Net cash from operating activities:

Key Points: 
  • Net cash from operating activities:
    MONACO, May 23, 2023 (GLOBE NEWSWIRE) -- Navios Maritime Partners L.P. (“Navios Partners”) (NYSE: NMM), an international owner and operator of dry cargo and tanker vessels, today reported its financial results for the first quarter ended March 31, 2023.
  • On April 27, 2023 and on March 29, 2023, Navios Partners took delivery of two 2023-built Capesize vessels, the Navios Sakura of 182,169 dwt and the Navios Altair of 182,115 dwt, respectively.
  • The Board of Directors of Navios Partners declared a cash distribution for the first quarter of 2023 of $0.05 per unit.
  • For the following results and the selected financial data presented herein, Navios Partners has compiled condensed consolidated statements of operations for the three month periods ended March 31, 2023 and 2022.

Port Houston Releases Houston Ship Channel Economic Impact Study

Retrieved on: 
Thursday, May 25, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, TEU, United States Army Corps of Engineers, Engineer, Multimedia, Corps, Peter Martin Associates, Lancaster Port Commission, International Longshoremen's Association, Associate, U.S. Coast Guard environmental protection, Bayport Terminal, Growth, Container, Harbor, Intermodal freight transport, Mobile phone, Drug, Port Houston, Houston Ship Channel

During the regular meeting of Port Commission of the Port of Houston Authority on Tuesday, Port Houston Chairman Ric Campo announced the results of the latest study of the economic impact of the Houston Ship Channel and Port Houston.

Key Points: 
  • During the regular meeting of Port Commission of the Port of Houston Authority on Tuesday, Port Houston Chairman Ric Campo announced the results of the latest study of the economic impact of the Houston Ship Channel and Port Houston.
  • Results from the John Martin Associates study showed that in 2022, the Houston Ship Channel generated $906 billion of economic value to the U.S., representing a 13% increase since 2018, when the study was last conducted.
  • Marine cargo activity at the Houston Ship Channel terminals generated $439 billion of economic value for the state of Texas.
  • In 2022, the Houston Ship Channel and its terminals also supported 3.4 million jobs across the nation, including 1.5 million Texas jobs.

ZIM Reports Financial Results for the First Quarter of 2023

Retrieved on: 
Monday, May 22, 2023
Telephone, Policy, TEU, Webcast, Capital expenditure, EBITDA, Adjustment, Investment, EBIT, Capital, ZIM, Video game, Cryptocurrency, Holding company

HAIFA, Israel, May 22, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three months ended March 31, 2023.

Key Points: 
  • Financial and Operating Results for the First Quarter Ended March 31, 2023
    Total revenues were $1.37 billion for the first quarter of 2023, compared to $3.72 billion for the first quarter of 2022.
  • ZIM carried 769 thousand TEUs in the first quarter of 2023, compared to 859 thousand TEUs in the first quarter of 2022.
  • Net loss for the first quarter of 2023 was $58 million, compared to net income of $1,711 million for the first quarter of 2022.
  • Adjusted EBITDA was $373 million for the first quarter of 2023, compared to $2,533 million for the first quarter of 2022.

ITS Logistics May Port Rail Ramp Index: L.A. and Long Beach Ports Make Progress in Negotiations but Empty Returns and Terminal Operations are Problematic

Retrieved on: 
Wednesday, May 17, 2023
Intermodal transport, TEU, Drayage, Port, Logistics, Burn, Index, ILWU, Port of Long Beach, CNBC, PMA, Pacific Maritime Association, Risk, ITS, Transport, International Longshore and Warehouse Union, Automation, Rail freight transport, Intermodal freight transport, Pacific Ocean, L.A

The Port of Los Angles in 2021 brought in 10,677,610 TEU followed by the Port of Long Beach bringing in 4,753,828 TEU.

Key Points: 
  • The Port of Los Angles in 2021 brought in 10,677,610 TEU followed by the Port of Long Beach bringing in 4,753,828 TEU.
  • The ITS Logistics US Port/Rail Ramp Freight Index forecasts port container and dray operations for the Pacific, Atlantic, and Gulf regions.
  • Ocean and domestic container rail ramp operations are also highlighted in the index for both the West Inland and East Inland regions.
  • Visit here for a full comprehensive copy of the index with expected forecasts for the US port and rail ramps.

transport logistic Southeast Asia bringing the global industry together at the number one logistics hotspot

Retrieved on: 
Tuesday, May 16, 2023
Venetian Expo, Heart, TEU, Changi Airport, ASEAN, Infineon Technologies, Logistics, World Bank, Strait, Singapore and the World Bank, LPI, DB Schenker, Changi, Singapore Airlines, Port of Singapore, Convention center, Growth, BVL, Munich Airport, Lammers, Warehouse, Airline, Rail freight transport, EU

Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.

Key Points: 
  • Singapore, May 16, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
  • Asok Kumar, EVP Global Air Freight at DB Schenker, also sees enormous potential: "Southeast Asia is a playing field for new business opportunities in logistics.
  • "Singapore is the gateway to the greater Southeast Asia region and the most dynamic and exciting hotspot for transport and logistics right now.
  • By offering transport logistic and air cargo Southeast Asia, we are creating a platform for shippers and transport and logistics service providers to develop and expand their business in the region.

Danaos Corporation Reports First Quarter Results for the Period Ended March 31, 2023

Retrieved on: 
Monday, May 15, 2023
Finance, Maritime, Logistics, Supply Chain Management, Professional Services, Transport, Carbon, TEU, Maintenance, Defer, Note, Chinese New Year, Share repurchase, Table, Chinese New Zealanders, Debt-to-GDP ratio, Tax, Special, CII, Research, Sale, EBITDA, Investment, Depreciation, Amalia, ZIM, Webcast, Growth, Credit, Tourism, Cryptocurrency, Airline, Real estate, Beauty salon, Holding company, Internet service provider, Danaus, Adjustment

“Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.

Key Points: 
  • “Danaos reports yet another solid quarter, despite the continuing geopolitical uncertainty and the turmoil in the financial markets.
  • Three months ended March 31, 2023 compared to the three months ended March 31, 2022
    During the three months ended March 31, 2023, Danaos had an average of 68.3 containerships compared to 71.0 containerships during the three months ended March 31, 2022.
  • Our fleet utilization for the three months ended March 31, 2023 was 96.8% compared to 97.4% for the three months ended March 31, 2022.
  • Average indebtedness was $507.7 million in the three months ended March 31, 2023, compared to average indebtedness of $1,356.7 million in the three months ended March 31, 2022.

Abu Dhabi Terminals celebrates milestone achievements - recording 10 million man hours without LTI and handling 20 million TEU since inception

Retrieved on: 
Monday, May 15, 2023
HSE, LTI, TEU, Policy, Abu Dhabi Terminals, ABU, ADT, Investment, Safety, Amusement park, Renewable energy

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers.

Key Points: 
  • ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers.
  • The new throughput milestone follows the handling of 3.29 million TEU in full year 2022, which was an increase of 22 per cent from the previous year.
  • Fareis AL Menhali CT Director, ADT added: "Handling 20 million TEU demonstrates the extremely robust position of Abu Dhabi Terminals due to its diverse and increasing trade base, strategic and significant hinterland connections.
  • We are continuously committed to support the economic growth of Abu Dhabi and the UAE, and at the same time provides our customers with fast and efficient services."

Abu Dhabi Terminals celebrates milestone achievements - recording 10 million man hours without LTI and handling 20 million TEU since inception

Retrieved on: 
Monday, May 15, 2023
HSE, LTI, TEU, Policy, Abu Dhabi Terminals, ABU, ADT, Investment, Safety, Amusement park, Renewable energy

ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers.

Key Points: 
  • ABU DHABI, UAE, May 15, 2023 /PRNewswire/ -- Abu Dhabi Terminals (ADT) has announced that it has set a record by exceeding 10 million man-hours without Lost Time Injury (LTI) and by handling 20 million twenty-foot equivalent units (TEU) containers.
  • The new throughput milestone follows the handling of 3.29 million TEU in full year 2022, which was an increase of 22 per cent from the previous year.
  • Fareis AL Menhali CT Director, ADT added: "Handling 20 million TEU demonstrates the extremely robust position of Abu Dhabi Terminals due to its diverse and increasing trade base, strategic and significant hinterland connections.
  • We are continuously committed to support the economic growth of Abu Dhabi and the UAE, and at the same time provides our customers with fast and efficient services."

EQS-News: Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023

Retrieved on: 
Monday, May 15, 2023
PLT, Speicherstadt, TEU, Maintenance, Uncertainty, Face, Hafen, HHLA, Aggression, Tenant, EBIT, TK, Metrans Rail, EBITDA, Investment, Economic development, Grossman, Depreciation, Growth, Container, Real estate, Intermodal transport, Geography, Beauty salon, Intermodal freight transport, Music, Commercial property, EU

Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023

Key Points: 
  • Hamburger Hafen und Logistik AG: HHLA faces challenging start to 2023
    The issuer is solely responsible for the content of this announcement.
  • The HHLA Group’s revenue fell by 5.6 percent to € 364.7 million in the first three months of the year (previous year: € 386.2 million).
  • As we expected, container throughput and transport in the first quarter of the year were weak at HHLA as well.
  • Despite the challenging times, HHLA continues to implement its strategy based on sustainability and profitable growth.