• 2018 June 27 14:27

    Port Gdanski Eksploatacja has resolved its crisis

    Port of Gdansk Authority says the Port Gdanski Eksploatacja company has resolved its crisis. After certain changes were introduced to the company's management board, transshipment volumes have increased and the Port of Gdansk Authority has declared further support in this area.

    PGE SA is a company dealing in the transshipments of various groups of goods, both general and bulk cargo. It operates on the Szczecinskie Quay, the Wislane Quay, and the WOC Quay, among others.
    According to initial data, after the first five months of 2018, it has recorded a significant increase in the transshipment volumes. The transshipment of aggregates achieved particularly good results - PGE recorded an increase of more than 900% compared to the first five months of the previous year. It was similar in the case of coal - PGE handled over 285,000 tonnes, nearly 510% more than in the same period of last year. The transshipment of fertilisers also increased - by more than 32%.

    "The summary of the last five months at PGE shows that we are moving in the right direction. Transshipment results in the most important groups are getting better, the company's condition is improving, and the situation is becoming more and more stable. Obviously, such results require a lot of effort and determination, but thanks to the motivation and involvement of our employees on individual quays, we are managing to make a profit," says Dr. Lechoslaw Rojewski, President of the Board at PGE.

    Compared to the same period of 2017, PGE is also recording growth in the transshipment of scrap metal (38%), grist (nearly 94%), and coke (nearly 20%).

    "After several years, Port Gdanski Eksploatacja is becoming stable again. After introducing changes to the management board, the company has recorded an operating profit for April and May for the first time in 40 months. The numbers may not be staggering, but we have a clear signal that the company is not doomed to failure, as some people thought. This is also a sign for the employees that their situation is going to improve. However, the company still needs them to remain calm and believe in the good intentions of their management board and the PGA. Within the last two years, the philosophy of the PGA and the Rezerwa company has changed, and now, the time has come to change the approach at PGE and SOPG, where there is still a lot to be done. It is not that the board of the PGA forgot about its companies," says Lukasz Greinke, President of the Board at the Port of Gdansk Authority.

    The case concerning the privatisation of PGE SA is still in court, but it is hard to tell when it will be resolved. In spite of that, the company wants to develop and use the demand for the transshipment of coal and aggregates to its advantage. These cargo groups go well with the PGE's technical base and the infrastructure of the quays on which the company operates.

    Moreover, the PGA is carrying out investments on land leased by Port Gdanski Eksploatacja. The expansion of the Dworzec Drzewny Quay (for about PLN 154 million) and the modernisation of the Oliwskie Quay (about PLN 130 million) are just some of the investments opening up new operational opportunities for the PGE company.

2019 August 24

14:42 Eastern Shipbuilding delivers the CAPT. JIM McALLISTER with a USCG Sub-M COI to McAllister Towing
13:26 Gulf of Mexico Lease Sale yields more than $159m in high bids, continues Upward Trend Under Trump Administration USDoI
11:38 Grieg Star takes delivery Supramax vessel the Star Damon
10:58 DNV GL launches renewables certification operations in U.S.

2019 August 23

18:36 Bridge parts transported for second Theemsweg route bridge
18:06 CMA CGM announces GRR from Asia to East and South Africa, Indian Ocean
17:55 Onezhsky Shipyard launches TSHD Yury Maslyukov
17:36 First CLEANBU wet-dry cargo switch with significant positive environmental impact
17:20 Atomflot and Baltiysky Zavod sign agreement on construction of fourth and fifth nuclear-powered icebreakers of Project 22220
17:05 CMA CGM announces FAK rates from Asia to the Middle East Gulf
16:45 MPI Resolution started blade repair campaign in offshore wind farm
16:35 PIL’s fleet attains Environmental Ship Index (ESI) certification
16:05 Botlek becomes Vopak's styrene hub
15:44 First-of-a-kind floating nuclear power unit Akademik Lomonosov leaves Murmansk for Pevek
15:23 CMA CGM will not use the Northern Sea Route
15:17 Vessel powered by ABB Azipod® propulsion reaches North Pole for the first time in history
15:13 NOVATEK’s Board recommends 1H 2019 dividend
14:47 PGNiG Group posts more than PLN 22.6bn in revenue for H1 2019
14:16 BC Ferries supports whale research at Galiano Island
13:52 Marsden Point, New Zealand tops BIMCO Terminal Vetting Report
13:29 Missile cruiser Marshal Ustinov entered Mediterranean Sea
13:08 Boskalis half year result 2019 tainted by offshore projects
12:34 Sevastopol Sea Port to be subsidized with RUB 54 million by municipal government
12:08 Bibby HydroMap commences second UXO survey for Vattenfall
11:40 Tests of unique replenishment system of Akademik Pashin tanker successfully completed
11:08 DP World Liège Container Terminal boosts eco-efficiency with Konecranes
10:55 Eesti Energia to use Klaipėda LNG terminal services
10:26 Hamburg, Germany to host 15th Arctic Shipping Summit on 4-5 December 2019
10:07 Bridge parts transported for second Theemsweg route bridge
09:53 Brent Crude futures price is up 0.1% to $55.98, Light Sweet Crude – up 0.01% to $55.35
09:34 Bunker market sees mixed price movements at the port of Saint-Petersburg, Russia (graph)
09:19 Baltic Dry Index is up to 2,118 points
09:07 Damen wins UX Design Award for Human Machine Interface for Tugs
08:35 MABUX: Bunker Market this morning August, 23
08:07 World’s largest all-electric ferry completes its maiden trip

2019 August 22

18:04 Australian Maritime College and KONGSBERG eye potential for VR training with renewed support program
17:39 Nordic Engineering sponsors roundtable meeting “Import Substitution in Russian Shipbuilding: Ambition and Reality”
17:04 DOF Subsea issues Financial Report for 2nd quarter of 2019
16:47 Karelia proposed construction of deep-water freight and passenger port Kem’
16:25 Bunker prices go down at the Far East ports of Russia (graph)
16:04 Navios Acquisition reports results for H1 2019
15:53 PJSC TransContainer reports its Financial Results under IFRS for 6M'2019
15:12 ReCAAP ISC has released Guidance on Abduction of Crew in the Sulu-Celebes Seas and Waters off Eastern Sabah
15:04 Essar Ports expects to meet 60 MT target for FY20
14:31 Höegh LNG announces interim results for the quarter and half year ended 30 June 2019
14:14 Peel Ports takes important step towards being Brexit ready
13:56 Yamal LNG shipped twenty million tons
13:35 Arctic block of Far East Investment and Export Agency headed by Dmitry Fishkin
13:13 Sea Machines successfully deploys industry’s first autonomous spill-response vessel
12:28 Fire onboard MV Pyotr Tchaikovsky kills one in Saint-Petersburg
12:13 Frontera Offshore and DOF Subsea join forces for the Subsea Construction and IMR Mexican market
11:31 Kalmar to enhance STS crane capabilities at EUROGATE Tanger
11:21 HELCOM publishes report on noise sensitivity of animals in the Baltic Sea
10:59 HELCOM gets a new Executive Secretary
10:35 Caterpillar Eurasia and Admiral Makarov University agreed on establishing a brand new up-to-date training center
10:10 Steps towards new treaty to protect marine biodiversity
09:38 Brent Crude futures price is down 0.41% to $60.04, Light Sweet Crude – down 0.38% to $55.47
09:20 Hapag-Lloyd announces changes of North Europe Mediterranean Express Service
09:13 Baltic Dry Index is up to 2,061 points
08:44 MABUX: Bunker market this morning, Aug 22