TEU

EQS-News: Ernst Russ Group acquires 2,194 TEU container ship FRIDA RUSS

Retrieved on: 
Thursday, May 11, 2023
TEU, Eimskip, Rejuvenation, Icelandic, Intermodal freight transport

May 2023 - The Ernst Russ Group acquires a 2,194 TEU container ship and expands its fleet to 31 vessels.

Key Points: 
  • May 2023 - The Ernst Russ Group acquires a 2,194 TEU container ship and expands its fleet to 31 vessels.
  • Today, the Ernst Russ Group took over a container ship with a capacity of 2,194 TEU which, as of today, will sail under the name "FRIDA RUSS".
  • With this investment, the Ernst Russ Group is further expanding its shipping portfolio and contributing to the desired rejuvenation of the group's own fleet.
  • Just recently, the Ernst Russ Group acquired the container ship "Bakkafoss" with a capacity of 1,025 TEU in a joint venture with the Icelandic shipping company Eimskip.

Beam Global is Issued a European Patent for Compact Transportation-Configurable EV ARC™ Systems

Retrieved on: 
Thursday, May 11, 2023
TEU, EV, European Patent Bulletin, IEA, Beam Suntory, International Energy Agency, European Patent Office, ARC, Patent, SAN, European Patent Convention, Renewable energy, EU

SAN DIEGO, May 11, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the issuance of another patent by the European Patent Office that covers the Company’s compact transportation-configurable EV ARC™ products.

Key Points: 
  • SAN DIEGO, May 11, 2023 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM , BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced the issuance of another patent by the European Patent Office that covers the Company’s compact transportation-configurable EV ARC™ products.
  • The European Patent Office granted European Patent No.
  • The patent was issued on March 8, 2023 in the European Patent Bulletin 23/10.
  • “Beam Global already has various patents covering our rapidly deployed EV ARC systems and our energy storage solutions in the US, China, India and the EU,” said Desmond Wheatley, Beam Global’s CEO.

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

Retrieved on: 
Tuesday, May 9, 2023
TEU, ASEAN, Port of Singapore, Strait, World Bank, Singapore and the World Bank, LPI, Warehouse, Rail freight transport

SINGAPORE, May 9, 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 9, 2023 - (ACN Newswire) - Messe München is hosting the first multimodal logistics trade fair in Singapore, the transport logistic and air cargo Southeast Asia.
  • Running from November 1 to 3, 2023, the event will be the most influential meeting place for logistics, mobility, IT, and supply chain management in Southeast Asia.
  • "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.

Global Ship Lease Announces Agreement to Acquire Four Post-Panamax Containerships on Multi-Year Charters

Retrieved on: 
Monday, May 8, 2023
TEU, Ship, Panamax, NYSE, GSL, Acquisition, Hand, Economics

The charters are to a leading liner operator for a minimum firm period of 24 months each, followed by a 12-month extension at the charterer’s option.

Key Points: 
  • The charters are to a leading liner operator for a minimum firm period of 24 months each, followed by a 12-month extension at the charterer’s option.
  • If all options are exercised, the vessels are expected to generate approximately $95.3 million of aggregate Adjusted EBITDA.
  • The Company expects to pay for the ships with a combination of cash on hand and senior secured debt.
  • Additionally, it demonstrates the through-cycle value of our strong balance sheet, deep industry relationships, and disciplined, returns-focused acquisition strategy.”

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

Retrieved on: 
Friday, May 5, 2023
SCFI, TEU, Maintenance, Employment, International, CMB, Calendar, General partnership, Clarkson, Yam Seng Pte Ltd v International Trade Corp Ltd, Sale, Government, Organization, Acquisition, Webcast, Depreciation, Knowledge, Public–private partnership, Car rental, Security (finance), Video game, Cryptocurrency, Airline, Natural gas, Sales, Partnership, LNG, Limited

Net income for the quarter ended March 31, 2023, was $10.0 million, compared with net income of $25.1 million for the first quarter of 2022.

Key Points: 
  • Net income for the quarter ended March 31, 2023, was $10.0 million, compared with net income of $25.1 million for the first quarter of 2022.
  • Total revenue for the quarter ended March 31, 2023 was $81.0 million, compared to $73.4 million during the first quarter of 2022.
  • Total expenses for the quarter ended March 31, 2023 were $45.1 million, compared to $40.2 million in the first quarter of 2022.
  • Total vessel operating expenses during the first quarter of 2023 amounted to $19.3 million, compared to $16.7 million during the first quarter of 2022.

Crowley to Launch Multi-Modal Service between Mexico and the U.S. Midwest and Canada Via Inland Connections by CN

Retrieved on: 
Tuesday, May 2, 2023
TEU, Port of Mobile, City, Port, Transport, Canadian National Railway, National Railway Company of Cuba, CN, Rail freight transport

JACKSONVILLE, Fla, May 2, 2023 /PRNewswire/ -- Crowley will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada.

Key Points: 
  • JACKSONVILLE, Fla, May 2, 2023 /PRNewswire/ -- Crowley will launch an end-to-end, integrated ocean and rail service between Mexico and the U.S. Midwest region and into Canada.
  • The companies' combined network provides broad reach across the Midwest and into Canada to increase solutions for global customers in North American markets.
  • "We are pleased to be joining Crowley with our extensive inland rail network for this innovative service.
  • "We can better serve our customers in Mexico, the U.S., and Canada by assisting Crowley in providing a reliable, and seamless door-to-door customer experience.

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

Retrieved on: 
Tuesday, May 2, 2023
TEU, U.S.–Canada Team Tournament (Go), Maintenance, International, Share repurchase, CEU, Sale, EBITDA, Depreciation, Webcast, Adjustment, ROE, Video game, Cryptocurrency

“Following two years of surging container demand and significant fleet expansion, we are now experiencing a healthy consolidation phase with limited new container production.

Key Points: 
  • “Following two years of surging container demand and significant fleet expansion, we are now experiencing a healthy consolidation phase with limited new container production.
  • While resale prices have remained stable, the fourth quarter benefited from higher prices at the start of that quarter.
  • A conference call to discuss the financial results for the first quarter of 2023 will be held at 11:00 am Eastern Time on Tuesday, May 2, 2023.
  • The call and archived replay may also be accessed via webcast on Textainer’s Investor Relations website at http://investor.textainer.com .

Euroseas Ltd. Announces a $19,000 per day Three-Year Charter for its 3,100 teu, 2007-built Vessel, M/V EM Kea and $15,000 per day One-Year Charter for its 1,740 teu, 2005-built Vessel, M/V EM Hydra

Retrieved on: 
Wednesday, April 26, 2023
ESEA, TEU, EBITDA, Transport, Construction, Euroseas

M/V EM Kea, a 3,100 TEU vessel built in 2007, entered into a time charter contract extension for a period of thirty-six months, at a gross daily rate of $19,000.

Key Points: 
  • M/V EM Kea, a 3,100 TEU vessel built in 2007, entered into a time charter contract extension for a period of thirty-six months, at a gross daily rate of $19,000.
  • The new charter will commence in June 2023 immediately following the completion of its current charter.
  • The new charter will commence in May 2023 immediately following the completion of its current charter.
  • Especially for our M/V Kea, the three-year charter we concluded at $19,000/day is higher than our previously expected level for the vessel.

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

Retrieved on: 
Monday, April 10, 2023
ESEA, AMP, WTA Tier III tournaments, Acquisition, ESG, Transport, TEU, Shipbuilding, Euroseas, EBITDA

The vessel is EEDI Phase 3 compliant and equipped with a Tier III engine and other sustainability linked features including installation of AMP (alternative maritime power).

Key Points: 
  • The vessel is EEDI Phase 3 compliant and 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 Eurobank S.A.
  • Following its delivery, M/V Gregos commenced a thirty-six to forty month charter with Asyad Lines.
  • In that respect, it is noteworthy that M/V Gregos and the rest of our newbuildings are 40%+ more efficient than the previous generation of similar size non-eco ships.

Euroseas Ltd. Announces a $23,000 per day Two-Year Charter for its 4,253 teu, 2009-built Vessel, M/V “Synergy Keelung”

Retrieved on: 
Wednesday, April 5, 2023
ESEA, TEU, EBITDA, Transport, Airline, Euroseas

ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.

Key Points: 
  • ATHENS, Greece, April 05, 2023 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA, the “Company” or “Euroseas”), an owner and operator of container vessels and provider of seaborne transportation for containerized cargoes, announced today a new charter of its container vessel M/V “Synergy Keelung”.
  • The new charter will commence in April 2023 immediately following the completion of its current charter.
  • Aristides Pittas, Chairman and CEO of Euroseas commented:
    “We are pleased to announce the new charter of our vessel M/V Synergy Keelung with a first-class charterer.
  • M/V Synergy Keelung’s charter will generate about $10m of EBITDA over the next two years providing a higher contribution to our earnings per share than previously expected.”
    After the new charter arrangements of M/V “Synergy Keelung”, the Euroseas Ltd. fleet and employment profile will be as follows: