×

Warning

JUser: :_load: Unable to load user with ID: 51

Cyprus' coffers gained $1.14bn (EUR1.04bn) in 2018 from the ship management sector after a strong second half of the year. In the July - December half second half the revenue from the sector was $591m up from the $556m registered in the first six months. 

Orient Overseas Container Line (OOCL) has increased its lifting volumes in the first half of 2017 compared to the year-ago period, according to an operational updated from the carrier’s parent firm Orient Overseas (International) Limited (OOIL).

Svitzer revenues dipped $3m to $25m in the first quarter of 2016 in what the company described as a “difficult market”.

Intra-Asia carrier SITC International Holdings has shipped higher volumes in the first quarter of 2016 over the year-ago period, but earnings dipped due to lower freight rates.

UAE-based rig manufacturer Lamprell reported $66.5m net profit in 2015, a very healthy result although not matching the $93.2m that the company recorded in what it described as an ‘exceptional’ 2014. 

Lloyd’s Register (LR) booked revenues of GBP1.04bn, a 0.9% increase versus GBP1.03bn in the year previous.

Topaz Energy and Marine made just a $5.9m profit in the first three quarters of 2015, compared with $36.5m in the same period last year.

Sovcomflot (SCF) reports that it is benefitting from immunity to falling LNG and offshore rates thanks to long-term charter agreements, while its crude fleet rides the buoyant tanker spot market.

Odfjell has reported net profit of $7m in the second quarter, the company’s best quarterly result since Q3 2008, reversing a $26m loss in the same period last year.

DP World grew its profits 22% to $455m in H1, thanks in large part to the acquisition of Economic Zone World (EZW), operator of Jebel Ali Free Zone.

Page 1 of 2