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).
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.
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.