• 2015 May 13 16:34

    TTS Group achieves an operating profit (EBITDA) of MNOK 0.6 in Q1 2015

    TTS Group achieved an operating profit (EBITDA) of MNOK 0.6 in Q1 2015 compared to a loss of MNOK 38.4 for the same period in 2014. Total revenues were MNOK 593, up MNOK 40 from Q1 2014.

    - The industry has had a tough Q1, however from our order intake, we can conclude that our market position is further strengthened, says Björn Andersson, CEO of TTS Group ASA.
    - The result is as expected for a quarter characterized by challenging conditions in the offshore market, in combination with lower activity in some marine segments as a result of normal seasonal fluctuations. We're still not where we should be with regard to profitability, but overall we came out stronger from a quarter proved very challenging for many players in the industry, says Andersson.
    - We see positive effects of the continuous work we do to cut costs, and we get a good response to our new market strategy. We note otherwise a very positive order intake in April, with contracts for offshore AHC cranes of MNOK 100 and a flying start for our new 50/50 company in China, which together with one of our existing joint venture has received contracts on equipment packages for a series of heavy lift vessels, consisting of heavy lift cranes, hatch covers and winches for a total value of 270 million.
    The result developed positively in all business units in Q1 compared to the same period in 2014. Revenues also increased in all units excluding Offshore, which is characterized by a declining market, and Container / Bulk / Tank, which is still affected by low freight rates in some segments and overcapacity after the 2014 bulk boom. The greatest increases were in the Multipurpose / General Cargo unit, where revenue increased from MNOK 28 in Q1 2014 to MNOK 94 in Q1 2015.
    Overall order intake for the Group excl. the Chinese joint venture companies, was MNOK 301 in Q1, a sharp decline from 645 million in 2014.
    - Weaker order intake in the offshore is as expected; otherwise we believe the decline in our other segments largely is due to random fluctuations when the big orders are coming in. We have no reason to believe that the low order intake in Q1 reflects certain trends in the market, which the large orders we received in April also underpins, says Andersson.
    Order intake in the Chinese joint venture companies remains strong, although there was a decrease from MNOK 460 in Q1 2014 to MNOK 268 this year. The Chinese companies provide a EBITDA contribution of MNOK 8.4 in Q1 2015.




2018 September 23

10:47 DEME unveils innovative nodule collector pre-prototype ‘Patania II’
10:33 Global Ship Lease secures additional charter coverage and adds Maersk Line to charterer portfolio
10:30 Hapag-Lloyd announces rates from Latin America to North Europe and South Europe

2018 September 21

18:06 Forth Ports wins prestigious award for community work
17:44 NCSP Group's cargo turnover for January–July 2018 totaled 82,351 thousand tons
17:28 First ISO-container ever loaded with liquefied natural gas at the LNG terminal in Świnoujście
17:06 Gibdock, RSP Systems and New Zealand fisheries choose LR
16:31 Outlook for marine cargo insurance challenging but opportunities remain for underwriters, says IUMI
16:04 Babcock ecoSMRT receives LR acknowledgement for ship application
15:09 Trafigura holds naming ceremony for first of 35 newbuild crude oil and product tankers
14:56 IBIA takes part in SIBCON 2018
14:27 Krasnoye Sormovo shipyard launches Pola Fiva, fifth dry cargo carrier of Project RSD59 built for Pola Rise
14:09 British International Freight Association fumes over sulphur surcharge
13:52 Ukraine’s water transport carried 0.5 million passengers in 8M’18, up 10.5%, Y-o-Y
13:31 Maersk’s regional carriers go to market under one brand
13:09 GE Shipping takes delivery of Secondhand Very Large Gas Carrier “ Jag Vasant ”
12:50 ABP aims for frictionless trade with blockchain
12:28 Cargo transportation by Ukraine’s water transport declined by 1.9% to 3.6 million tonnes in 8M’18
12:09 COSCO SHIPPING Tanker (Dalian) takes delivery of 319,000 dwt Mt Cosnew Lake
11:07 Odfjell finalizes sale of Rotterdam tank terminal
10:36 ABP promotes South Wales ports as cruise destinations
10:07 Georgia Ports plan 8 million TEU capacity by 2028
09:54 Brent Crude futures price up 0.06% to $78.75, Light Sweet Crude – up 0.14% to $70.22
09:35 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index is up to 1,396 points
09:03 APL’s Eagle Express service makes a solution for precise logistics management
08:07 Yang Ming to upgrade China-Vietnam-Thailand service
07:20 Iskes Towage names twin Damen ASD Tugs 3212 Mars and Mercurius

2018 September 20

21:17 Expert says production declines and geopolitical unrest may push bunker prices up
18:02 SITC holds naming & delivery ceremony for M/V “SITC TOYOHASHI”
17:54 Sovcomflot participates in Eastern Economic Forum’s business programme
17:30 Kurt Bodewig appointed as new European Coordinator for Motorways of the Sea
17:07 Port of Singapore holds annual multi-agency ferry emergency exercise
16:46 IAPH regional conference sets pan-African ports agenda
16:25 UAE to host Dubai Marine Insurance Conference 2018 on November 20-21
16:07 Governments of New Zealand and Australian announce fumigation requirement for import cargos
15:48 Sovcomflot is a Partner of the Second Conference “LNG Fleet and LNG Bunkering in Russia”
15:32 NYK product tanker rescues 28 fishermen off the coast of Colombia
15:04 CMA CGM announces GRR from Asia to West Africa
14:56 Admiralteiskie Verfi launches the Kronshtadt, diesel-electric submarine of Project 677
14:32 DNV GL releases autonomous and remotely operated ship guideline (UPDATE)
14:04 Port of Long Beach awarded $4.2 mln security grant
13:32 ABS supports innovative yacht design with dedicated guidance notes and software
13:20 Finnish Transport Agency: international seaborne transport volumes show significant boost
13:04 Port of Antwerp works on structural solutions to improve mobility
12:43 Arctic group of RF Navy’s Northern Fleet enters Chukchi Sea through Bering Strait
12:30 Wison receives AiP from LR for 300MW FSRP
12:04 Port of Rotterdam and Rönesans Holding sign agreement for petrochemical industrial zone in Turkey
11:49 IMO to start consideration of legal framework for low-flashpoint diesel
11:30 Gulftainer signs 50-year, $600 million concession to operate and expand Port of Wilmington in Delaware, USA
11:18 Fuel oil prices are going up the Far East ports of Russia (graph)
11:04 Green Corridor JIP delivers innovative bulk carrier designs for a low emissions future
10:55 IMO takes important step to facilitate use of methanol
10:30 HHI receives AiP from LR for a VLGC design capable of using LPG as fuel
10:19 Brent Crude futures price up 0.3% to $79.64, Light Sweet Crude – up 0.61% to $71.2
10:03 OpenIJ starts sinking operation of the lock gate chamber at the Port of Amsterdam
09:50 Passenger Port of Saint-Petersburg ("Marine Façade") welcomed MSC Meraviglia
09:34 CMA CGM announces GRR from India to East Africa
09:17 Baltic Dry Index is up to 1,373 points
09:03 Port of Rotterdam organises information meeting about the replacement of Maaskade quay wall