• 2020 March 30 13:03

    Tianjin Port Development announces 2019 unaudited annual results

    Tianjin Port Development Holdings Limited announced its unaudited annual results for the year ended 31 December 2019. During the year under review, the Group achieved total cargo throughput of 411.83million tonnes, an increase of 3.5% over last year.

    The consolidated revenue decreased by 5.0% overlast year to HK $15,077 million. Gross profit increased by 1.3% to HK$3,223million. The Group’s profit before income tax was HK$1,520 million, which included an exchange loss of HK$79.34 million, which was mainly due to an exchange loss arising from the Group’s HKD-denominated liabilities as a result of the depreciation of RMB against HKD in 2019.

    Excluding the exchange loss, the Group’s profit before income tax was HK$1,599 million, an increase of 11.7% over last year. Profit attributable to shareholders of the Company increased by 0.4% over last year to HK$389 million. Basic earnings per share was HK6.3cents.

    The Group achieved total non-containerised cargo throughput of221.85 million tonnes, a decrease of 1.3% overlast year. Revenue from the non-containerised cargo handling business amounted to HK$4,442 million, a decrease of 5.5% over last year. Revenue denominated in RMB decreased by 1.7%, mainly due to the decrease in non-containerised cargo throughput.

    In terms of total throughput, crude oil handling volume rose by 19.0% to 28.14 million tonnes; automobiles handling grew by 10.8% to 1.64 million tonnes; metal ore handling increased by 4.2% to 104.63 million tonnes; steel handling fell by 10.2% to 10.92 million tonnes; and coal handling fell by 12.3% to 62.18 million tonnes.

    The consolidated blended average unit price of the non-containerised cargo handling business fell by 2.5% to HK$27.7per tonne. The consolidated blended average unit price denominated in RMB grew by 1.2%.

    The Group achieved total container throughput of 17.26million TEUs, representing an increase of 8.1% when compared to last year. Revenue from the container handling business amounted to HK$2,543 million, an increase of 17.6% over last year. Revenue denominated in RMB increased by 22.3%, mainly driven by the increase in container throughput and the consolidated effect of Tianjin Five Continents International Container Terminal Co., Ltd.’s revenue after it became a subsidiary of the Group and was then absorbed and merged by Tianjin Port Container Terminal Co., Ltd.


2020 June 5

18:21 Mezhregiontruboprovodstroy appointed as sole contractor for construction of Utrenny terminal
18:05 CMA CGM announces FAK rates from Europe to Indian Ocean Islands
17:35 Teesport welcomes largest containership
17:05 EUROGATE Intermodal appoints Christopher Beplat as a new managing director
16:50 Russian Railways: Loading of export cargo bound for domestic ports up 6.4% in May 2020
16:35 DNV GL performs over twenty remote wind turbine inspections globally in times of COVID-19 related-travel restrictions
16:05 Gasum performs first LNG bunkering to Heerema’s Sleipnir
15:28 Acquisition and recapitalisation of Royal IHC finalised
14:18 First of two Austal's 118 metre trimarans for Fred. Olsen completes sea trials in Australia
13:56 Rosmorrechflot announces new competition for construction of Bagayevsky hydrosystem
13:29 Zvezda Shipyard stars cutting steel for yet another Aframax tanker
13:01 Keppel enters into framework deed with Borr Drilling to defer scheduled delivery of rigs
12:01 Port of Rotterdam Authority decides to hold RFT for transport service along Container Exchange Route
11:47 Yevgeny Ditrikh takes helm of STLC Board of Directors
11:04 The second largest container vessels in the world, now has its “Socarrat”
10:41 Oil prices rise within $1
10:28 Marseille Maersk sets up new record for the port of Rotterdam
10:23 Training exercise held with rescuers of RF Navy’s Northern fleet to assist emergency ship in the Arctic
10:00 RF Navy's oceanographic research vessel Admiral Vladimirsky entered the North Sea
09:39 Bunker prices rise at the port of Saint-Petersburg, Russia
09:18 Baltic Dry Index on June 4
08:46 MABUX: Bunker market this morning, June 05

2020 June 4

18:20 Wärtsilä to supply Europe's most modern simulator for inland shipping training
18:02 Dutch innovative app trains 10,000 process industry workers in Singapore during Covid-19 lockdown
17:47 Singapore Maritime and Ports Authority issues guidelines for crew change
17:25 Gasum performs first LNG bunkering to Heerema’s Sleipnir
17:02 China Merchants Group's emergency working group of the prevention and control of COVID-19 holds 20th meeting
16:34 Throughput of port Vysotsk in 5M’2020 fell by 24.2% Y-o-Y
16:02 Diana Shipping announces time charter contract for m/v G. P. Zafirakis with Koch
15:41 NS Power's crew rescues two people in the Andaman Sea
15:23 RS Rules update: hybrid propulsion
15:02 Grimaldi boosts its Italy-Greece connections
14:32 DNV GL and ABB launch new MOU to advance marine digitalization with a remote signing ceremony
14:02 150 trapped eels rescued at the Port of Gothenburg
13:48 Bunker price are stable at the Far East ports of Russia (graph)
13:31 MSC Mediterranean Shipping Company extends the seasonal blanking programme on its Asia–Europe network
13:01 Wärtsilä offers new remote service to overcome Covid-19 travel restrictions
12:31 DEME to build the Scheldt tunnel
12:03 Havyard presents new design concept for zero-emission sightseeing vessels
11:45 Annual throughput of Murmansk Transport Hub to be raised to 100 million tonnes
11:23 Construction of automated gate complex commences at APM Terminals Aarhus
11:10 Port of Zeebrugge joins the International Port Community Systems Association
10:58 Jiangnan Shipyard and Gabadi teams complete construction of the first LNG tank as part of an LNG-fuelled container ship project
10:57 AS Tallink Grupp Statistics for May 2020
10:33 More departures added for Helsinki-Tallinn route vessel Star from 4 June 2020
10:11 Oil prices go down by 1.48%-2.06%
10:00 CMA CGM cancels Low Sulphur Surcharge from July 1st, 2020
09:52 Russia’s leading shipping companies suggest development of ATB services by the USA example
09:40 PIER71 launches Smart Port Challenge 2020 with New Venture Capital Partners for maritime tech start-ups investments
09:36 MABUX: Bunker market this morning, June 04
09:14 Baltic Dry Index on June 3

2020 June 3

18:25 Russia's Main Department of State Expertise approves construction of operational water area under Obskiy LNG project
18:03 Cargotec’s Kalmar and MacGregor to help drive development of connected automated waterborne transport through participation in AEGIS project
17:46 Rosmorport announced tender to reconstruct coastal facilities of Vanino-Kholmsk ferry service
17:24 RF Government approved allocation of RUB 60.5 billion for Russian Railways’ BAM and Transsib projects in 2020
17:02 THE Alliance announces COVID-19 response measures for July, August and September 2020
16:35 Russian Railways CEO says railway link with Murmansk to be restored by June 23
16:11 Transport route to link Quy Nhon Port with Northeast Asia
15:49 Rosatomflot completed escorting Vladimir Voronin gas carrier along the Northern Sea Route
15:33 Fincantieri and ENI extend an agreement in the field of circular economy and decarbonisation