TEU

MPC Container Ships Reports Q4 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
USD, TCE, Investment, TEU, Growth, Sale, ESG, Carbon, MPCC, Policy, EPS, GHG, Speciality chemicals

for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).

Key Points: 
  • for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).
  • for non-recurring items, the profit for the period was USD 78.5 million compared to USD 91.0 million in Q4 2022.
  • As at December 31, 2023, the Group's fleet consisted of 59 vessels, with an aggregate capacity of approximately 126,943 TEU.
  • Commenting on MPCC's results in the fourth quarter and for the full year of 2023, CEO, Constantin Baack, said:
    "As we reflect on the full year of 2023, I am pleased to share MPC Container Ships' continued resilience, progress, and sustained strong financial performance.

MPC Container Ships Reports Q4 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
USD, TCE, Investment, TEU, Growth, Sale, ESG, Carbon, MPCC, Policy, EPS, GHG, Speciality chemicals

for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).

Key Points: 
  • for non-recurring items, EBITDA was USD 101.5 million (Q4 2022: USD 114.3 million).
  • for non-recurring items, the profit for the period was USD 78.5 million compared to USD 91.0 million in Q4 2022.
  • As at December 31, 2023, the Group's fleet consisted of 59 vessels, with an aggregate capacity of approximately 126,943 TEU.
  • Commenting on MPCC's results in the fourth quarter and for the full year of 2023, CEO, Constantin Baack, said:
    "As we reflect on the full year of 2023, I am pleased to share MPC Container Ships' continued resilience, progress, and sustained strong financial performance.

Textainer Group Holdings Limited Reports Fourth-Quarter and Full-Year 2023 Results and Declares Dividend

Retrieved on: 
Tuesday, February 13, 2024
Share repurchase, TEU, Acquisition, CEU, Sale, Adjustment

“We delivered solid full-year and fourth quarter 2023 results, demonstrating the strength in our business fundamentals.

Key Points: 
  • “We delivered solid full-year and fourth quarter 2023 results, demonstrating the strength in our business fundamentals.
  • We believe this acquisition provides a compelling value for our shareholders, while also benefiting the Textainer business and our customers,” concluded Ghesquiere.
  • As previously announced on October 22, 2023, Textainer has entered into a definitive agreement under which Stonepeak will acquire all outstanding common shares of Textainer for $50.00 per share in cash.
  • In light of the pending transaction, Textainer will not hold an earnings conference call to discuss its fourth quarter and full-year 2023 results.

Euroseas Ltd. Announces Delivery of M/V Tender Soul, an Eco 2,800 teu Feeder Containership Newbuilding, and Commencement of the Vessel’s Charter

Retrieved on: 
Wednesday, February 7, 2024
AMP, Sale, TEU, Transport, Carbon

The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

Key Points: 
  • The vessel is equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).
  • Following its delivery, M/V Tender Soul commenced an eight to ten months charter at a rate of $17,000/day.
  • It should be noted that M/V Tender Soul and the rest of our newbuildings are 40%+ more efficient than previous generation similar size non-eco ships.
  • “Thus, we look forward to the delivery of the remaining of our newbuildings that will help us reduce our carbon footprint.

EQS-News: Hapag-Lloyd publishes preliminary business figures for 2023

Retrieved on: 
Tuesday, January 30, 2024
Hapag-Lloyd, Annual report, TEU, EUR, USD, Ship

EBITDA and EBIT significantly lower than previous year, as expected

Key Points: 
  • EBITDA and EBIT significantly lower than previous year, as expected
    As expected, Hapag-Lloyd recorded a significant decrease in earnings in the 2023 financial year.
  • On the basis of preliminary and unaudited figures, the Group EBITDA stood at USD 4.8 billion (EUR 4.5 billion), and the Group EBIT experienced a year-on-year decrease, to USD 2.7 billion (EUR 2.5 billion).
  • Transport volumes for 2023 as a whole rose by 0.5% to 11.9 million TEU (2022: 11.8 million TEU).
  • Hapag-Lloyd will publish its 2023 Annual Report with the audited financial figures and an outlook for the current financial year on 14 March 2024.

DP World Sets Historic Record in Peruvian Ports by Handling 1.64 Million TEUs in 2023

Retrieved on: 
Thursday, January 18, 2024
Maritime, Transport, Logistics, Supply Chain Management, DP World, Port, DP, Movement, TEU, Album-equivalent unit, Intermodal freight transport

In a landmark achievement for Peru’s maritime industry, DP World has set a new record by handling 1.64 million TEUs (Twenty-foot Equivalent Unit, or one 20-foot container) at the South Pier of the Port of Callao in 2023.

Key Points: 
  • In a landmark achievement for Peru’s maritime industry, DP World has set a new record by handling 1.64 million TEUs (Twenty-foot Equivalent Unit, or one 20-foot container) at the South Pier of the Port of Callao in 2023.
  • “Moving this record-breaking number of TEUs during 2023 represents an important milestone for DP World and for the Peruvian economy,” said Nicolás Gauthier, CEO of DP World Peru.
  • DP World handles 60% of the port's containerized cargo, playing a vital role in the local and regional economy and port scene.
  • “Thanks to improved operations throughout 2023, DP World Callao was able to accommodate four new shipping services, leading to six additional weekly calls.

ASYAD PORTS UNVEILS CUTTING-EDGE CONTAINER TERMINAL AT DUQM PROVIDING VITAL LINK IN GLOBAL SUPPLY CHAIN CONNECTIVITY

Retrieved on: 
Tuesday, January 23, 2024
Special economic zone, Port, Duqm Port, Ship, Ecosystem, STS, TEU, RTG, Transport

Part of Asyad Group, Asyad Ports launched the new container terminal in collaboration with Port of Duqm and the Special Economic Zone at Duqm to offer more integrated logistics solutions and proactively respond to new trends in global trade and handling.

Key Points: 
  • Part of Asyad Group, Asyad Ports launched the new container terminal in collaboration with Port of Duqm and the Special Economic Zone at Duqm to offer more integrated logistics solutions and proactively respond to new trends in global trade and handling.
  • This is part of a broader goal for Asyad Ports to increase the competitiveness of its services and the throughput of its ports.
  • "The new container terminal at Duqm Port advances vital supply chain solutions for Oman and the global shipping sector," said Dr. Ahmed Al Abri, CEO of Asyad Ports.
  • Technically-advanced, Asyad Container Terminal is equipped with four remotely operated 65-ton twin lift STS cranes and twelve 50-ton RTG cranes.

ASYAD PORTS UNVEILS CUTTING-EDGE CONTAINER TERMINAL AT DUQM PROVIDING VITAL LINK IN GLOBAL SUPPLY CHAIN CONNECTIVITY

Retrieved on: 
Tuesday, January 23, 2024
Special economic zone, Port, Duqm Port, Ship, Ecosystem, STS, TEU, RTG, Transport

Part of Asyad Group, Asyad Ports launched the new container terminal in collaboration with Port of Duqm and the Special Economic Zone at Duqm to offer more integrated logistics solutions and proactively respond to new trends in global trade and handling.

Key Points: 
  • Part of Asyad Group, Asyad Ports launched the new container terminal in collaboration with Port of Duqm and the Special Economic Zone at Duqm to offer more integrated logistics solutions and proactively respond to new trends in global trade and handling.
  • This is part of a broader goal for Asyad Ports to increase the competitiveness of its services and the throughput of its ports.
  • "The new container terminal at Duqm Port advances vital supply chain solutions for Oman and the global shipping sector," said Dr. Ahmed Al Abri, CEO of Asyad Ports.
  • Technically-advanced, Asyad Container Terminal is equipped with four remotely operated 65-ton twin lift STS cranes and twelve 50-ton RTG cranes.

Press release - Fundamental rights report finds threats to key freedoms, equality and dignity

Retrieved on: 
Friday, January 19, 2024
Speech, Woman, Association, Refugee, Person, Society, Police, Corruption, AI, Risk, Crime, Parliament, LGBTIQ, TEU, Fundamental Rights Agency, Racism, European Council, Industry, Xenophobia, Violence, Poverty, Drug

The report on the state of fundamental rights in the EU was approved with 391 votes in favour, 130 against, and 20 abstentions.

Key Points: 
  • The report on the state of fundamental rights in the EU was approved with 391 votes in favour, 130 against, and 20 abstentions.
  • MEPs call for justice for the killing of journalists and welcome the agreement on the media freedom act.
  • poverty and social exclusion, digital poverty); and
    - improving institutional safeguards (including establishing the Fundamental Rights Agency as an independent human rights authority).
  • Quote
    Rapporteur Katarina Barley (S&D, Germany) commented: “Fundamental rights violations are widespread in EU member states.

Danaos Corporation Reports Third Quarter and Nine Months Ended September 30, 2023

Retrieved on: 
Monday, November 13, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, Carbon, Sale, Webcast, EBITDA, Vice, Pressure, Research, Policy, Special, Senior, Commercial, Depreciation, Capesize, Investment, ZIM, Share repurchase, Tax, Debt-to-GDP ratio, Note, Table, Retirement, DWT, TEU, Bookkeeping, Credit, Airline, Cryptocurrency, Clothing, Shipbuilding, Real estate, Rare-earth element, Birth control, Security (finance), Management, Internet service provider, Adjustment, Danaus

Three months ended September 30, 2023 compared to the three months ended September 30, 2022

Key Points: 
  • Three months ended September 30, 2023 compared to the three months ended September 30, 2022
    During the three months ended September 30, 2023, Danaos had an average of 68.0 container vessels compared to 71.0 container vessels during the three months ended September 30, 2022.
  • Operating revenues for the three months ended September 30, 2023 reflected:
    a $9.5 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to decreased amortization of assumed time charters,
    a $5.5 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to vessel disposals;
    a $3.1 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 due to lower non-cash revenue recognition in accordance with US GAAP; and
    a $2.7 million decrease in revenues in the three months ended September 30, 2023 compared to the three months ended September 30, 2022 mainly as a result of lower charter rates;
    Vessel operating expenses increased by $0.3 million to $39.5 million in the three months ended September 30, 2023 from $39.2 million in the three months ended September 30, 2022, primarily as a result of an increase in the average daily operating cost for vessels on time charter to $6,499 per vessel per day for the three months ended September 30, 2023 compared to $6,173 per vessel per day for the three months ended September 30, 2022, which was partially offset by a decrease in the average number of vessels in our fleet.
  • Nine months ended September 30, 2023 compared to the nine months ended September 30, 2022
    During the nine months ended September 30, 2023, Danaos had an average of 68.1 container vessels compared to 71.0 container vessels during the nine months ended September 30, 2022.
  • Operating revenues for the nine months ended September 30, 2023 reflect:
    a $33.2 million increase in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 mainly as a result of higher charter rates;
    a $29.5 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to decreased amortization of assumed time charters;
    a $14.2 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to vessel disposals; and
    a $6.1 million decrease in revenues in the nine months ended September 30, 2023 compared to the nine months ended September 30, 2022 due to lower non-cash revenue recognition in accordance with US GAAP.