TEU | Jotup

ZIM Reports Financial Results for the Third Quarter and the First Nine Months of 2023

Retrieved on:

Wednesday, November 15, 2023

Operating cost, Investment, Webcast, ID, ZIM, EBITDA, Capital expenditure, Weakness, Nine Months, Telephone, Adjustment, EBIT, TEU, Video game, Intermodal freight transport, Cryptocurrency

HAIFA, Israel, Nov. 15, 2023 /PRNewswire/ -- ZIM Integrated Shipping Services Ltd. (NYSE: ZIM), a global container liner shipping company, announced today its consolidated results for the three and nine months ended September 30, 2023.

Key Points:

ZIM carried 867 thousand TEUs in the third quarter of 2023, compared to 842 thousand TEUs in the third quarter of 2022.
Operating loss (EBIT) for the third quarter of 2023 was $2,276 million, compared to operating income of $1,544 million for the third quarter of 2022.
Net loss for the third quarter of 2023 was $2,270 million, compared to net income of $1,166 million for the third quarter of 2022.
Adjusted EBITDA was $211 million for the third quarter of 2023, compared to $1,934 million for the third quarter of 2022.

EQS-News: Economic difficulties continue to impact HHLA’s business

Retrieved on:

Thursday, December 14, 2023

Chief Executive Officer, Angela Titzrath: ”The economic situation continues to impact HHLA’s business performance.

Key Points:

Chief Executive Officer, Angela Titzrath: ”The economic situation continues to impact HHLA’s business performance.
HHLA’s business performance in the first half of 2023 already reflected the difficult conditions in the market.
Angela Titzrath, Chief Executive Officer: “The subdued economic situation continues to impact HHLA’s business activities as an international logistics company.
The resulting challenging macroeconomic framework conditions are therefore also reflected in the company’s results after the third quarter.

EQS-News: Ernst Russ AG: Successful business performance despite challenging market environment

Retrieved on:

Wednesday, December 13, 2023

EUR, EBIT, Employment, Ship, TEU, Rejuvenation

November 2023 - After the first nine months of 2023, Ernst Russ AG is looking back on a successful business performance despite geopolitical tensions and risks, persistent inflation, high inventories and significantly weaker freight and charter rates.

Key Points:

November 2023 - After the first nine months of 2023, Ernst Russ AG is looking back on a successful business performance despite geopolitical tensions and risks, persistent inflation, high inventories and significantly weaker freight and charter rates.
The net assets, financial position and earnings continued to develop positively during this period.
Revenue increased by EUR 11.3 million year-on-year to EUR 149.3 million in the first nine months of 2023.
At the end of the third quarter of 2023, 31 ships were majority-owned by the Ernst Russ Group.

EQS-News: Hapag-Lloyd with decrease in earnings in first nine months of 2023

Retrieved on:

Wednesday, December 6, 2023

Hapag-Lloyd, EBIT, USD, EUR, EBITDA, Liner, Terminal, Infrastructure, TEU, Pharmaceutical industry, Retail

Transport volume up in the third quarter, stable year-to-date

Key Points:

Transport volume up in the third quarter, stable year-to-date
Hapag-Lloyd has concluded the first nine months of 2023 with a Group EBITDA of USD 4.5 billion (EUR 4.2 billion) and a Group EBIT of USD 3.0 billion (EUR 2.8 billion).
These results are significantly below the prior-year level due to the severe change in market conditions.
In the first nine months of 2023, the EBITDA in the Liner Shipping segment decreased to USD 4.5 billion (EUR 4.1 billion).
The financial report of the first nine month of 2023 is available online at:

Navios Maritime Partners L.P. Reports Financial Results for the Third Quarter and Nine Months Ended September 30, 2023

Retrieved on:

Thursday, November 2, 2023

On September 22, 2023, Navios Partners agreed to sell a 2004-built Capesize vessel of 180,310 dwt, to an unrelated third party, for gross sale proceeds of $13.0 million.

Key Points:

On September 22, 2023, Navios Partners agreed to sell a 2004-built Capesize vessel of 180,310 dwt, to an unrelated third party, for gross sale proceeds of $13.0 million.
During the first nine months of 2023, Navios Partners agreed to acquire four newbuilding Japanese MR2 product tankers from unrelated third parties, under bareboat contracts.
The Board of Directors of Navios Partners declared a cash distribution for the third 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 and nine month periods ended September 30, 2023 and 2022.

Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend

Retrieved on:

Thursday, November 2, 2023

Adjustment, TEU, Sale, Share repurchase, Acquisition, CEU, Bank, Security (finance), Video game, Textainer Group Holdings

CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.

Key Points:

CEU is a unit of measurement based on the approximate cost of a container relative to the cost of a standard 20-foot dry container.
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 third quarter results.

Xinhua Silk Road: BOCOM Leasing serves BRI cooperation with strong presence, green footprint

Retrieved on:

Friday, October 27, 2023

Wizz Air, TEU, Bank, Belt and Road Initiative, Q2, Etihad Airways, Ship, Carbon, PIL, Communication, Aviation, Bank of Communications, Flydubai, Pacific International Lines, BRI, Korean Air, BOCOM, Airline, Belt

In the aviation leasing sector, BOCOM Leasing has served 18 aviation customers in Belt and Road countries and regions as of September 2023, with a cumulative placement amount of nearly 30 billion yuan, and the balance of related leasing assets amounting to 23.5 billion yuan.

Key Points:

In the aviation leasing sector, BOCOM Leasing has served 18 aviation customers in Belt and Road countries and regions as of September 2023, with a cumulative placement amount of nearly 30 billion yuan, and the balance of related leasing assets amounting to 23.5 billion yuan.
BOCOM Leasing has placed nearly 50 billion yuan in shipping projects in Belt and Road countries and regions as of September 2023, with the balance of related shipping leasing assets reaching 40 billion yuan.
In 2022, BOCOM Leasing realized the delivery of the first aircraft using sustainable bio-jet fuel by a leasing company in China.
According to the Q2 ranking released by the third-party consulting firm Cirium on global aviation leasing companies, BOCOM Leasing ranked 10th internationally in terms of the size of its aviation leasing assets and the second among domestic leasing companies.

Global Ship Lease Announces Third Quarter 2023 Earnings Release, Conference Call and Webcast

Retrieved on:

Thursday, October 26, 2023

TEU, Ship, ID, NYSE, Webcast, Marshall Islands, GSL

LONDON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the third quarter 2023 on Thursday, November 9, 2023 at 10:30 a.m. Eastern Time.

Key Points:

LONDON, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company’s results for the third quarter 2023 on Thursday, November 9, 2023 at 10:30 a.m. Eastern Time.
The Company will issue financial results for the third quarter 2023 on Thursday, November 9, 2023, before the open of market trading.
Live Internet webcast and slide presentation:
The webcast will be archived on the Company’s website: http://www.globalshiplease.com
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships.
As at June 30, 2023, Global Ship Lease owned 68 containerships ranging from 2,207 to 11,040 TEU, with an aggregate capacity of 375,406 TEU.

EQS-News: Hapag-Lloyd and Norsul to launch new joint venture company for cabotage business in Brazil

Retrieved on:

Thursday, October 26, 2023

TEU, Administrative Council for Economic Defense, Administrative Council, EBN, CADE, Senior, Hapag-Lloyd, Transport, Partnership, DSV, Airline

Customers will be offered independent, integrated container transport services

Key Points:

Customers will be offered independent, integrated container transport services
Hapag-Lloyd and the Brazilian shipping and waterway logistics company Norsul have set up a new joint venture called “Norcoast”.
Based on a 50-50 partnership, Norcoast envisages to start offering container cabotage and feeder services in Brazilian ports in Q1 2024.
Norcoast will be an independent company in the sector, leveraging the strength of both parent companies.
“The creation of Norcoast is an important milestone while it combines the expertise of Hapag-Lloyd and Norsul.

EQS-News: MSC Mediterranean Shipping Company publishes voluntary public takeover offer for Hamburger Hafen und Logistik Aktiengesellschaft – Acceptance period starts today

Retrieved on:

Thursday, October 26, 2023

Following approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”), Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned indirect subsidiary of MSC Mediterranean Shipping Company S.A. (“MSC”), today published the offer document for its voluntary public takeover offer for Hamburger Hafen und Logistik Aktiengesellschaft (“HHLA”, ISIN: DE000A0S8488).

Key Points:

Following approval by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, “BaFin”), Port of Hamburg Beteiligungsgesellschaft SE, a wholly owned indirect subsidiary of MSC Mediterranean Shipping Company S.A. (“MSC”), today published the offer document for its voluntary public takeover offer for Hamburger Hafen und Logistik Aktiengesellschaft (“HHLA”, ISIN: DE000A0S8488).
With this offer, MSC intends to acquire all free-floating HHLA Class A shares.
In this joint venture, the City of Hamburg will hold at least a
50.1 % stake and MSC up to 49.9 % of HHLA.
The full offer document, a non-binding English translation and supplementary information are available on a dedicated transaction website: https://poh-offer.de .