• 2015 November 26 09:58

  FESCO’s consolidated revenue down 35.6% YoY to $543.5 in 9M’15

  

  FESCO Transportation Group has announcedits unaudited operational and consolidated IFRS results for the nine-month period ended September 30, 2015.

  In 9M2015, Group’s consolidated revenue decreased by 35.6% YoY to $543.5m. Consolidated EBITDA decreased by 32.7% to $88.5m.

  Group EBITDA margin increased by 0.7 pp YoY in 9M2015.

  In RUB terms revenue in 9M2015 was up by 7.6% YoY to RUB 32,181m, while EBITDA was up by 14% YoY to RUB 5,308m.

  Port Division: Container throughput in 9M2015 decreased by 32% YoY to 259.2 thousand TEU in line with negative market trends. General cargo volumes decreased by 14% YoY to 1,536 thousand tons. Division’s revenue decreased by 36.7% YoY to $89m on the back of weakening volumes. EBITDA declined by 28.8% YoY to $48.2m. EBITDA margin improved by 6.0 pp up to 54.2% due to realization of cost-cutting initiatives

  Rail Division: Rail container transportation by Transgarant and Russkaya Troyka decreased by 11.4% YoY to 209.6 thousand TEU in 9M2015. Transgarant rail cargo load decreased by 2.0% YoY to 14.8 million tons. Rail Division’s revenue in 9M2015 amounted to $81.8m, a decrease of 34.9% YoY due to the effect of RUB devaluation. Market trends in combination with RUB devaluation resulted in EBITDA decreased by 56.8% YoY to $15.8m in 9M2015. EBITDA margin amounted to 19.3%, down by 9.8 pp.

  Liner and Logistics Division: Drop of import to Russia resulted in the decrease of export-import sea container transportation volumes and intermodal volumes. In 9M2015, export-import sea container volumes decreased by 25.5% YoY to 239.7 thousand TEU, while intermodal container transportation decreased by 23.1% YoY to 143.4 thousand TEU. Domestic sea container transportation decreased by 6.9% YoY in 9M2015 to 43.3 thousand TEU. The decrease of volumes and negative dynamics of global freight rates resulted in the Division’s revenue and EBITDA decrease. In 9M2015, revenue decreased by 38.3% YoY to $294.4m, while EBITDA decreased by 48% YoY to $14m

  Shipping Division: In 9M2015, Shipping Division’s revenue was up by 15.2% YoY to $66.6m, EBITDA was up 2.6 times to $21m. EBITDA margin increased from 13.8% in 9M2014 to 31.5% in 9M2015.

  Bunkering: Bunkering revenue decreased by 34.6% YoY in 9M2015 to $101.4m. The Division’s EBITDA decreased by 66.3% YoY in 9M2015 to $3.2m. EBITDA margin decreased by 2.9 pp to 3.2%.

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2024 July 26

18:00	LiqTech and Danbee Marine enter agreement for marine scrubber water treatment solutions for the South Korean market
17:23	Thecla Bodewes Shipyards successfully launches 7.280dwt vessel ‘Vertom Lisa’ for Vertom Group
16:57	MSC reaffirms pledges to avoid Arctic shipping route
16:23	Taiwanese ports resume bunkering after Typhoon Gaemi-induced suspension
15:41	Chinese ports container volume rises 8.5 % in the first half of a year 2024
15:17	Hanwha Ocean picked as preferred bidder for S. Korean Navy's logistics support ship
14:55	Vietnam's port system able to handle world's largest ships
14:36	Castor Maritime announces the acquisition of its first Ultramax vessel
14:12	Bunker price trends in the world's four largest hubs, July 22-28 – MABUX
13:30	Total Energies orders LNG bunkering vessels at Hudong Zhonghua
12:52	Philippines rushes to contain oil spill from sunken tanker
12:47	Bangladesh 'jam-packed' with cargo as curfew and internet restrictions continue
12:24	Helmerich & Payne announces agreement to acquire KCA Deutag
11:54	Two cruise ships were simultaneously bunkered with LNG at Port Canaveral
10:51	Associated British Ports announces new Chair
10:18	CMA CGM publishes Q2 2024 financial results

2024 July 25

18:00	Western sanctions and Houthi attacks boost appeal of Russia’s Arctic Sea Route - Bloomberg
17:46	Saudi Arabia imports fuel oil from Kuwait for first time in two years
17:24	Port of Thessaloniki implements the wireless reefer monitoring system
16:59	Hunan Jinhang Shipbuilding launches a 500m3 LNG bunkering pontoon
15:51	Chevron’s Taro Ultra advanced 40 granted LNG Validation status by WinGD
15:16	A Philippine-flagged tanker capsized off the coast of Bataan province, causing a spill
14:44	Cyan Renewables acquires Australian vessel operator MMA Offshore
14:23	Russia ships fuel to Bolivia as it increases Latin American sales - Reuters
13:59	Grimaldi-Minoan consortium acquires 67% of Heraklion Port Authority
13:12	Bumi Armada, Navigator Gas and Bluestreak CO2 announce MoU with Uniper for joint study on export of CO2 emissions from proposed UK carbon capture plant
12:52	ABS releases industry first advisory on ammonia bunkering
11:40	Drydocks World executes conversion and upgrade projects for FPSO and FSO vessels
11:10	EMA and MPA shortlist two consortia to further study viability of ammonia for power generation and bunkering
10:40	AW Shipping inks contract with CSSC Jiangnan Shipyard for the construction of two 93,000 cubic meters very large ammonia carriers
10:09	Corvus Energy Blue Whale ESS awarded RINA Type Approval
09:48	Opulent Maritime selects ADP Clear to digitize its bunkering operations

2024 July 24

18:00	MSC invests in multimodal terminal adjacent to Paris via MEDLOG
17:34	Frontera announces agreement between Puerto Bahia and GASCO to pursue LPG project in Cartagena, Colombia
17:00	Shipping firms respond to Houthi attacks in Red Sea
16:32	China’s shipbuilding output rises by 18.4% in H1 2024
16:04	The EU ETS to run the global tanker fleet more than €2bn by 2030
15:49	Typhoon Gaemi halts bunkering in Taiwanese ports
15:23	Container ship fleet expands by 11%, fastest growth in 15 years - BIMCO
14:55	MPC Container Ships takes delivery of final 5,500 TEU methanol-ready boxship from Korea
13:32	A methanol-powered cargo ship arrived in Estonia for the first time
13:13	Six feared dead and 14 rescued after fishing boat sinks off Falkland Islands
12:40	Wartsila to supply a hybrid-electric propulsion system for an 11,000 dwt Limestone Carrier
12:15	Rijeka Gateway adopts private 5G campus network
11:46	Valenciaport handled 2.7 million containers in H1 2024
11:24	Fincantieri signs order with Carnival Corporation for three mega-cruise ships
10:53	Energean takes FID for the Katlan development project in Israel
10:23	Australia announces three years’ worth offshore acreage for petroleum exploration and CCS
09:58	Valaris DS-17 to drill for the Raia project in Brazil

2024 July 23

18:00	Telemar to provide global safety support services to seven Ignazio Messina container vessels
17:27	KBR’s blue ammonia technology selected for Shell Blue Horizons project in Oman
17:16	The Federal Maritime Commission publishes final rule on unreasonable refusal to deal
16:42	Qatar Navigation and Qatar Steel sign a 5-year agreement to provide stevedore services
16:25	Spain detains cargo ship over fuel spill near Ceuta
15:23	The Indonesian company Pertamina adds Russian oil grades to its tender lists to buy September crude
14:58	Seatrium secures S$180 mln in repairs and upgrades projects
13:49	HD KSOE partners with UM to foster US ship engineers
13:24	IRGC seizes oil tanker smuggling fuel in Persian Gulf
11:25	ADNOC L&S joint venture awards $1.9bln contract to Chinese shipbuilder
10:59	Port of Valencia opens new combined transport terminal
10:24	NYK Bulkship installs NYK Group’s first wind-assisted ship-propulsion units
09:59	GTT entrusted by HD Hyundai Heavy Industries for the tank design of two new LNG carriers

2024 July 22

18:06	Manzhouli railway port handles 2,327 China-Europe freight train trips in 1st half of 2024
17:36	NORDEN to acquire Norlat Shipping to further grow projects and parcelling activities
17:23	2024 is expected to be a record year for cruises in the port of Heraklion
16:47	ABS and the U.S. Coast Guard Research and Development Center to collaborate on maritime technologies
15:56	Trafigura Group takes full ownership of High Heat Tankers
15:46	China delivers world’s first river-sea LNG bunker and transport vessel
14:51	Hartmann receives new LNG-powered LEG carrier
14:14	Jiangnan Shipyard supplies dual-fuel VLEC gas Huanghe