• 2017 November 15 08:05

    HHLA posts results for the first nine months of 2017

    Business remained strong and continued to develop positively at Hamburger Hafen und Logistik AG (HHLA) in the first nine months of 2017, the company said in its press release. While Group revenue rose by 8.3 percent year-on-year to € 942.8 million, the operating result (EBIT) increased by 22.3 percent to € 155.2 million. The profit after tax and minority interests – the relevant figure for shareholders – grew by 30.2 percent to € 79.3 million. Volumes went up by 10.8 percent in container throughput and 6.8 percent in container transport.
     
    The Chairwoman of HHLA’s Executive Board, Angela Titzrath, commented on the business developments as follows: “HHLA is currently benefiting from the positive trend in both the global economy and world trade, but also from the targeted sales activities and in-depth discussions with our customers which took place in the spring of this year and by which we secured – and in some cases expanded – our market position. We believe that we will achieve the targets forecast for 2017. Although the results are very pleasing, we continue to operate in a challenging market environment. Uncertainty remains in the form of the volatile trend in international trade, which has prompted a structural slowdown in growth over recent years and in the conditions at the Port of Hamburg. We are still waiting for work to commence on the dredging of the river Elbe.”
     
    Container Throughput Benefits from Far East Volumes and Feeder Traffic
    The HHLA container terminals in Hamburg and Odessa have to date handled 5.5 million standard containers (TEU) this year. This is 10.8 percent more than in the period from January to September 2016. Throughput at the three Hamburg terminals climbed even more strongly, by 11.3 percent to 5.2 million TEU. HHLA benefited from the reorganisation of shipping line services here. Growth of 17.3 percent was seen on the high-volume Asian routes, which made a particularly strong contribution to the volume increase in Hamburg. Alongside China – the Port of Hamburg’s most important trading partner – heightened trade with Russia contributed towards a substantial 17.9 percent increase in feeder traffic with the Baltic Sea ports. Revenue in the Container segment rose by 9.9 percent to € 563.6 million (previous year: € 512.7 million). At 21.5 percent, growth in the operating result (EBIT) once again outstripped the rise in volumes, taking it to € 105.2 million (previous year: € 86.6 million).
     
    Further Growth at Intermodal Companies
    The Intermodal segment, the second most important segment in HHLA’s business model, also performed very well. In a highly competitive market environment, HHLA’s transport companies hauled 1.1 million TEU in the first nine months of 2017 and increased container transport by 6.8 percent compared with the same period of the previous year. This trend was driven by growth in both rail and road transport. Revenue in the Intermodal segment grew by 7.7 percent to € 311.8 million (previous year: € 289.5 million). The operating result (EBIT) increased by 10.8 percent to € 55.4 million (previous year: € 50.0 million).
     
    Executive Board Confirms Forecast for Financial Year 2017
    The HHLA Executive Board has confirmed its guidance for the 2017 financial year in light of the Group’s performance over the first nine months. It should be noted that one-off expenses of up to € 10 million are expected in the pro forma Holding/Other segment in the fourth quarter for the harmonisation of the existing pension schemes. These have already been taken into account in the EBIT forecast, however. The Group’s operating result (EBIT) is still expected to be within a range between € 150 million and € 170 million, while the Port Logistics subgroup is expected to generate EBIT within a range between € 135 million and € 155 million, both including possible one-off expenses of up to € 15 million for reorganisation in the Container segment.




2017 November 22

08:30 INEOS to deliver first ever US ethane from shale gas to China in 2019 using world’s largest ethane carrier
08:07 Further SharpEye™ order for Pakistan Navy Submarine upgrade
07:30 Ekofish Group builds twin-rigger at Damen Maaskant Shipyards Stellendam

2017 November 21

18:24 Navios Maritime Holdings reports 3Q, 9 months financial results
18:19 Philly Shipyard delivers fourth and final product tanker to Kinder Morgan
17:59 Major ASW ship Vice Admiral Kulakov enters Norwegian Sea
17:37 Sokhna World Zone project presented to investors in Dubai
17:23 Mathilde Maersk rescues stranded fishermen
17:12 Tuco and Sea Machines unveil remote controlled prozero workboats
16:51 Sea Port of St.Peterburg completed another stage of machinery modernization
16:34 Hapag-Lloyd announces vessel delay and port omission on WAN service
16:27 MOL and joint PBCF developers attend 2017 Nikkei Global Environmental Technology Award ceremony
16:17 MMT starts offshore geophysical survey for AQUIND Interconnector
15:54 Gazprom and Shell discuss LNG projects and Nord Stream 2
15:35 IMO’s technical cooperation activities have received a boost of US$1.0 million
15:11 Kleven signs MoU with De Beers Marine Namibia
14:52 Djibouti Regional Training Centre equipped with modern computer-based training simulator
14:33 FESCO delivered equipment from Shanghai to Moscow for Chinese CRCC to construct the Moscow metro stations
14:14 Great Lakes takes delivery of Ellis Island, largest hopper dredge in the USA
13:42 State-of-the-art dredger launched with Wärtsilä propulsion system
13:28 Cummins to feature EPA Tier 4 QSK38 clean diesel engine at International Workboat Show
13:05 Russia’s General Board of State Expert Review approves Kola Yard project (photo)
12:23 EU NAVFOR confirms the names of the attacked vessels as Galerna III and MV Ever Dynamic
11:58 Assembling of Crimea Bridge’s motor vehicle part completed at one of the four sea sections (photo)
11:25 Lisbon, Portugal will host LPG Europe Summit in March 2018
11:00 RF Navy's Pacific Fleet warship detachment leaves Thailand
10:37 RadiantFleet announces agreement with Clearwater Ship Management
10:14 Brent Crude futures price up 0.13% to $62.30, Light Sweet Crude – up 0.12% to $56.49
09:53 Gazprom and Mitsubishi discuss cooperation prospects in LNG sector
09:30 NIBULON shipyard put into operation its new assembly and fabrication workshop
09:12 Baltic Dry Index up to 1,385 points

2017 November 20

18:06 Shipping must be economically sustainable if it is to deliver on environmental sustainability, ICS tells OECD
17:51 Port of Goole supports region’s green future
17:29 Government of Germany сontinues support to WMU
17:06 Sokhna World Zone project presented to investors in Dubai
16:44 Sovcomflot posts operating profit over 9M’17 rising by 50.5% to USD 131.2 million
16:18 New sugar terminal to be constructed at the Port of Gdansk
16:00 Wärtsilä to deliver high efficiency and low emissions for new Viking Line ferry
15:55 Azerbaijan Caspian Shipping Company expands its activities in foreign waters
15:30 IMO takes part in Green Ship Technology North America Conference
15:04 Cammell Laird issues EU worker statement
14:46 Port of Klaipeda (Lithuania) handled 35.12 mln t of cargo in 10M’17, up 5.5% Y-o-Y
14:29 National Fish Resources to invest RUB 3-4 bln in creation of a fishery cluster in the Kaliningrad Region
14:08 RS class: gas carriers “BORIS VILKITSKY” and “FEDOR LITKE” delivered to the customer
13:37 Average wholesale prices for М-100 HFO up to RUB 12,821 in RF spot market
13:14 Damen launches cutting-edge Fishery Research Vessel for Angolan Fisheries Ministry
13:01 Optimarin shakes up BWT sector with unique promise for shipowners
12:43 IMO’s Jan De Boer participated at the LNG Ship/Shore Interface Conference in London
12:22 International seminar on mutual cooperation between IMO, WMU and KMOU held in Busan, Republic of Korea
12:01 Maersk Line and Damco deliver a block train solution for Decathlon
11:36 JMSDF’s destroyer Hamagiri arrives in Vladivostok
11:12 Onezhsky Shipyard launches floating bridges built for a residential area in Petrozavodsk (photo)
10:50 Container throughput of port Hong Kong (China) up 7.7% to 17.26 mln TEUs in 10M’17
10:24 Brent Crude futures price down 2.09% to $45.08, Light Sweet Crude – down 0.16% to $56.62
10:05 Nonius Engineering supports “Hydraulic Engineering Structures of Water Transport” Congress as its Sponsor
09:43 Commercial Sea Port of Ust-Luga performs unique unloading operation (photo)
09:20 Baltic Dry Index up to 1,371 points
09:08 EU NAVFOR’s Italian ship Virginio Fasan chases and captures suspected pirates
08:18 First shipload of liquefied natural gas to Northern Finland delivered to Manga LNG terminal

2017 November 19

17:31 Wison signs MOU with Shanghai Electric for medium large floating LNG power solution