TEU

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

Retrieved on: 
Tuesday, August 1, 2023
Webcast, TEU, Sale, U.S.–Canada Team Tournament (Go), Adjustment, International, Share repurchase, CEU, Intermodal freight transport, Cryptocurrency

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.
  • On July 24, 2023, Textainer's board of directors authorized a further increase of $100 million to the share repurchase program.
  • A conference call to discuss the financial results for the second quarter of 2023 will be held at 11:00 am Eastern Time on Tuesday, August 1, 2023.
  • The call and archived replay may also be accessed via webcast on Textainer’s Investor Relations website at http://investor.textainer.com .

Capital Product Partners L.P. Announces Second Quarter 2023 Financial Results

Retrieved on: 
Friday, July 28, 2023
TEU, LNG carrier, Maintenance, International, CMB, Sungdong, Calendar, Bank SinoPac, General partnership, Master limited partnership, Clarkson, Carbon, Sale, Government, Organization, Acquisition, Depreciation, Knowledge, Growth, Webcast, Cathay United Bank, DWT, Shipbuilding, Car rental, Video game, Cryptocurrency, Natural gas, Partnership, LNG

Total revenue for the quarter ended June 30, 2023, was $88.5 million, compared to $74.0 million during the second quarter of 2022.

Key Points: 
  • Total revenue for the quarter ended June 30, 2023, was $88.5 million, compared to $74.0 million during the second quarter of 2022.
  • Total expenses for the quarter ended June 30, 2023, were $58.6 million, compared to $40.9 million in the second quarter of 2022.
  • Total vessel operating expenses during the second quarter of 2023 amounted to $23.5 million, compared to $16.4 million during the second quarter of 2022.
  • General and administrative expenses for the second quarter of 2023 amounted to $2.3 million, in line with the second quarter of 2022.

Groundbreaking ABS Study Explores Potential of Commercial Nuclear Propulsion

Retrieved on: 
Wednesday, July 26, 2023
Maritime, Technology, Transport, Other Technology, Energy, Nuclear, TEU, University, Moses Austin, HEC, U.S. Department of Defense Strategy for Operating in Cyberspace, Multimedia, Research, DOE, Suezmax, Public sector, ABS, U.S. Department of Energy, Office of Inspector General, CO2, Safety, Uranium mining

(Photo: Business Wire)

Key Points: 
  • (Photo: Business Wire)
    ABS commissioned HEC to carry out the study to explore the potential of advanced modern reactor technology for commercial marine propulsion.
  • ABS is playing a pioneering role in supporting the development of nuclear propulsion for commercial vessels.
  • The U.S. Department of Energy (DOE) has awarded ABS a contract to research barriers to the adoption of advanced nuclear propulsion on commercial vessels.
  • The DOE has also contracted ABS to support research into thermal-electric integration of a nuclear propulsion system on a commercial vessel being carried out by the University of Texas.

Euroseas Ltd. Announces new charters for its two 4,250 teu containerships, 2007-built Rena P and 2005-built Emmanuel P at $21,000 per vessel per day following a mutually agreed termination of the existing charters

Retrieved on: 
Tuesday, July 25, 2023
ESEA, TEU, Employment, Transport, Airline, Euroseas

The new charter will commence in August 2023, following the termination of its current charter.

Key Points: 
  • The new charter will commence in August 2023, following the termination of its current charter.
  • Similarly, the Company agreed to terminate the current charter of M/V Emmanuel P, a 4,250 TEU vessel built in 2005, which was originally expiring in March 2025 at a rate of $19,000/day.
  • The new charter will commence in August 2023, following the termination of its current charter.
  • These charters are expected to contribute between $2-4 million in extra revenues for the same period.

EQS-News: Ernst Russ AG acquires 2010 built 13,371 TEU container vessel ROME EXPRESS

Retrieved on: 
Tuesday, July 11, 2023
ROME, TEU, EXPRESS, ELLA, Acquisition, Rejuvenation, IMO, Far, MV, Intermodal freight transport

Hamburg, 11 July, 2023 - Ernst Russ AG has currently supplemented the group-owned fleet of fully consolidated vessels with the acquisition of the 13,371 TEU container vessel ROME EXPRESS (IMO 9447861).

Key Points: 
  • Hamburg, 11 July, 2023 - Ernst Russ AG has currently supplemented the group-owned fleet of fully consolidated vessels with the acquisition of the 13,371 TEU container vessel ROME EXPRESS (IMO 9447861).
  • The MV ROME EXPRESS was built and delivered in December 2010 by Samsung Heavy Industries Shipyard in South Korea.
  • With this investment, Ernst Russ AG is again extending its vessel portfolio in terms of number and size class.
  • As a further contribution to the rejuvenation of its fleet, the 20-year-old container vessel ELLA (capacity: 2,450 TEU) was handed over to the new owners yesterday.

CIMC 2022 AGM: Container demand stabilizes and rebounds, Energy new orders surge

Retrieved on: 
Friday, July 7, 2023
ACT, TEU, Pressure, Communication, FPSO, National Development and Reform Commission, National Bureau of Statistics of China, Hydrogen, Statistics, Vanguard, Aquaculture, Policy, Eye, Lom, Light, Record, AGM, Research, Multimedia, Government, Development, CIMC, Engineering, Natural gas, Hexagon, LPG, Growth, National Bureau of Economic Research, Transport, Developing country, RMB, Container, BIMCO, Drug, Renewable energy, Rare-earth element, Warehouse, LNG

Additionally, the energy sector has experienced a surge in new orders, particularly for clean energy equipment, with the offshore engineering business boasting a full order book and rapid capacity expansion.

Key Points: 
  • Additionally, the energy sector has experienced a surge in new orders, particularly for clean energy equipment, with the offshore engineering business boasting a full order book and rapid capacity expansion.
  • As a leading enterprise in the container industry, CIMC always keeps a close eye on this trend and is constantly conducting research.
  • Benefiting from the growth of the electrochemical energy storage market, CIMC's container energy storage business continued to develop rapidly in 2022, reaching new revenue highs.
  • Moreover, CIMC Group has actively entered overseas markets in the energy storage sector and established a strategic joint venture with POWIN Energy, a leading international energy storage integrator and manufacturer.

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

Retrieved on: 
Thursday, July 6, 2023
ESEA, AMP, WTA Tier III tournaments, National bank, Carbon, Ship, Acquisition, Transport, National Bank of Greece, TEU, Shipbuilding, Euroseas, EBITDA

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).
  • The acquisition was financed with a combination of own funds and a sustainability-linked loan provided by National Bank of Greece S.A.
  • Following its delivery, M/V Terataki commenced a thirty-six to forty months charter with Asyad Lines.
  • “Our newbuilding program is a component of our strategy to grow our company by investing in modern, energy efficient vessels with minimal carbon footprint.

VELA UNVEILS ITS UNIQUE SAILING CARGO TRIMARAN: AN INNOVATIVE SHIP FOR 100% WIND POWERED TRANSPORTATION

Retrieved on: 
Tuesday, June 13, 2023
TEU, Organizational founder, Aluminium, Wind, Ship, Atlantic Ocean, VELA, Weather, Transport, Safety, Renewable energy, EU

Departing from the conventional single-hulled approach, and inspired by the modern technologies used for ocean racing, VELA's sailing cargo vessel will have three hulls and is anticipated to be launched in 2025.

Key Points: 
  • Departing from the conventional single-hulled approach, and inspired by the modern technologies used for ocean racing, VELA's sailing cargo vessel will have three hulls and is anticipated to be launched in 2025.
  • All components of the ship have also been designed to be dismantled for reuse on other VELA ships or for other purposes.
  • The first VELA trimaran cargo vessel is expected to make its maiden voyage mid-2025, sailing the transatlantic route between Europe and the United States.
  • The exceptional maneuverability of the VELA Trimaran Cargo vessel allows access to secondary ports, facilitating closer proximity to customers' factories and warehouses.

Terminal Darsena Toscana Solves Yard Planning Challenges

Retrieved on: 
Thursday, June 8, 2023
Heart, TEU, Partnership, CHE, Commercial director, Transport, TDT, Shipbuilding, Rail freight transport, Aleksandr Kaleri

LIVORNO, Italy, June 08, 2023 (GLOBE NEWSWIRE) -- On behalf of Terminal Darsena Toscana (TDT), Kaleris proudly announces the successful implementation of the Navis N4 Expert Decking solution to manage and optimize yard planning.

Key Points: 
  • LIVORNO, Italy, June 08, 2023 (GLOBE NEWSWIRE) -- On behalf of Terminal Darsena Toscana (TDT), Kaleris proudly announces the successful implementation of the Navis N4 Expert Decking solution to manage and optimize yard planning.
  • After recently experiencing significant volume growth that resulted in extreme yard utilization, TDT launched Expert Decking to maximize efficiency and throughput as part of its new strategy for solving yard planning challenges.
  • “The post-pandemic period created numerous yard occupancy and congestion challenges for us,” said Giuseppe Caleo, Commercial Director and P.M. at TDT.
  • These challenges make it difficult for terminal operators to increase yard capacity while also optimizing terminal operations.

Kenon Holdings Reports Q1 2023 Results and Additional Updates

Retrieved on: 
Monday, June 5, 2023
Baoneng Group, ILA, TEU, Treasury, OPC, Maintenance, Partnership, Tel Aviv Stock Exchange, The Power Plant, Local council, Share repurchase, Natural gas, CPV, Electricity, Master limited partnership, Israel Land Authority, USD, Sale, Translation, Plant, Acquisition, Shareholder, TASE, ZIM, Depreciation, International economics, NIS, Form 6-K, Dunam, Kiryat Gat, Annual report, Quantum, Adjustment, NYSE, Associate company, Power station, Renewable energy, Security (finance), Rare-earth element, Cryptocurrency, Car rental, Kenon, Qoros

Set forth below is a discussion of significant changes in cost of sales between Q1 2023 and Q1 2022.

Key Points: 
  • Set forth below is a discussion of significant changes in cost of sales between Q1 2023 and Q1 2022.
  • Finance expenses, net in Q1 2023 was $5 million, which is largely in line with Q1 2022 of $6 million.
  • The average freight rate in Q1 2023 was $1,390 per TEU, as compared to $3,848 per TEU in Q1 2022.
  • ZIM's Adjusted EBITDA6 in Q1 2023 was $373 million, as compared to $2.5 billion in Q1 2022.