• 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 June 17

18:24 USCG saves six people, tows disabled vessel in Port Etches
17:59 Denis Krylov appointed General Director of Gazpromneft-Sakhalin
17:28 China and South Korea agree on ballast water exchange rules
17:04 Mermaid Maritime borrows a loan of USD 65 mln to extend the financing of two vessels
16:41 Neptune Lines welcomes Neptune Galene & Neptune Thalassa after scrubber installation
16:23 DG Termināls invests about 1 million euros during the year
16:17 Finnish ferry getting a diesel-electrical drivetrain system
16:04 MSC Katya R. sets record as largest container ship to boost Costa Rican export links to Europe
15:45 Singapore to host 18th Vessel Efficiency & Fuel Management Summit
15:26 Onezhsky Shipyard launches multifunctional buoy tender for Volga-Baltic Basin
15:04 Hunter Group sells one vessel
14:42 Gdansk, Poland to host 6th Operating Specialist Wind Vessels Summit
14:19 Seatrade Europe conference programme to include Marine Interiors specialist panel discussions
14:12 ClassNK releases amendments to class rules
13:55 Finland hosts an EU–China maritime meeting
13:31 AWT completed stage III of modernization and expansion of the Paskov Terminal
13:24 Average wholesale prices for М-100 HFO down to RUB 16,007 in RF spot market
13:10 The Irish Port of Cork and Port of Amsterdam to collaborate
12:48 Pella Shipyard launches tugboat of project 90600, Sadko, built for Sevmash-Shelf (video)
12:31 Port of Oakland exports up 8.4 percent in May 2019
12:01 North Carolina Ports adopts Vortex port equipment simulator
11:30 MEYER WERFT announces the keel laying for the new cruise ship IONA
11:15 Throughput of port Shanghai (China) in Jan-May’19 declined by 1.3% to 225.91 million tonnes
11:00 Panama Canal issues proposal to modify tolls structure
10:59 Bunker sales at the port of Singapore in Jan-May’2019 fell by 7.7% Y-o-Y to 19.79 million tonnes
10:37 Fincantieri's Muggiano shipyard launches PPA “Paolo Thaon di Revel”
10:21 CMA CGM announces FAK rates from Asia to the Mediterranean
10:01 Brent Crude futures price is up 0.26% to $62.17, Light Sweet Crude – up 0.19% to $52.87
09:38 Port of Singapore throughput in Jan-May’2019 was nearly flat YoY at 261.39 million tonnes
09:19 Diana Shipping commences self tender offer to purchase up to 2,000,000 shares
09:16 MABUX: Bunker market this morning, June 17
09:10 Baltic Dry Index is up to 1,085 points

2019 June 16

17:13 DC area agencies to conduct mass rescue exercise off National Harbor
16:05 Boskalis appointed as salvor for both damaged tankers in the Gulf of Oman
15:53 Fincantieri and Naval Group sign a joint venture agreement
13:47 Diana Shipping Inc. announces the sale of a Panamax dry bulk vessel, the MV Thetis
12:47 WSC unveils its hybrid patrol vessel at Seawork 2019
11:41 GasLog Partners LP announces new multi-year charter agreement with Gunvor

2019 June 15

15:44 Wight Shipyard rolls out its new windfarm support vessel concept at Seawork Int'l 2019
13:17 Malta Freeport hosts its first LNG-powered container ship
12:53 Petrobras closes the sale of TAG
11:41 USCG, local partners respond to sailing vessel aground off Magic Island
08:43 Vessel training simulation underway at Tema Port’s new Terminal 3

2019 June 14

18:05 Ole Martin Grimsrud appointed CFO of Aker Solutions
17:44 USCG Cordova FOL crew saves man stranded for three days on Montague Island
17:05 Knud E. Hansen wins two separate contracts for innovative large RoRo vessels
16:41 Hapag-Lloyd to increase rates from North East Asia to Australia
16:26 Murmansk Sea Fishing Port handled 90,300 tonnes of cargo in Jan-May’2019, down 38.7% Y-o-Y
16:05 CMA CGM announces GRR from Asia to South Africa
15:14 “K” Line receives recognition for vessel speed reduction programs in the West Coast of North America
15:00 UK maritime industry leaders debate decarbonization, digital technologies and the future of safety at the annual ABS UK National Committee meeting
14:00 China Railway Container Transport signs strategic cooperation agreement with SITC International Holdings
13:38 Container throughput of Vladivostok Sea Fishing Port in 5M’2019 up 39% YoY to 89,649 TEUs
13:09 Algoma increases its interest in in the CSL International Pool
12:41 Port of Klaipeda (Lithuania) handled 19.77 million tonnes of cargo in 5M’2019, up 8.5% Y-o-Y
12:09 Global Ship Lease announces new charter agreements
11:32 Bunker prices continue going down at the port of Saint-Petersburg, Russia (graph)
11:09 ECSA issues statement on suspected attack on two oil tankers in the Gulf of Oman
10:51 France signs up to fishing vessel training treaty
10:30 Zhatai Shipyard to let build up to 10 river ships and scrap at least two ships per year