Maersk group profit up 8 percent in first half 2011
Maersk said its first-half profit was $2.7 billion, up 8% from $2.5 billion last year.
Profit for the latest period was positively affected by divestment gain from sale of Netto Foodstores Limited, UK of $0.7 billion.
Revenue for the period grew 9% to $29.9 billion from $27.4 billion in the prior-year period, primarily due to higher oil prices and container volumes.
HMM plans to order 5 13,100 TEU container ships at Daewoo
Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ($638.7 million), Reuters reported.
Hyundai said in a regulatory filing that the addition of the five 13,100 twenty-foot equivalent unit (TEU) vessels would help improve the competitiveness of its line-up.
Local media reported the order had been placed with Daewoo Shipbuilding & Marine Engineering.
Hapag-Lloyd’s second quarter profit tumbled to 26 million euros ($37 million) from $294 million in the second quarter of 2010 as declining rates and higher fuel costs offset a 3.3 percent increase in container volume, the Journal of Commerce reports.
The German container line said its results also were affected by soft demand for transport services in Japan following the March earthquake and tsunami, and the dollar’s weakness against the euro. Revenue for the quarter totaled $2.1 billion, down 9 percent after conversion into euros.
Hapag-Lloyd said it expects continued growth for container shipping in the medium to long term but “short-term results will be influenced by high crude oil prices and pressure on freight rates as a result of tougher competition, particularly in the Asia-related trades.”
No joint venture with French shipyards group DCNS planned
In response to persistent speculation about the formation of a joint venture by ThyssenKrupp Marine Systems and the French shipyards group DCNS or a merger of the two companies, ThyssenKrupp AG issues the following statement:
ThyssenKrupp Marine Systems is not planning a joint venture with the French shipyards group DCNS, nor are there any plans for a merger or other partnership or alliance with the French shipyards. No talks on this are currently being held by the companies and no talks are planned. More to read at: www.defpro.com/ne...
Orient Overseas (OOCL) profit plunges 86% in first half 2011
Orient Overseas (International) Ltd, operator of Hong Kong's biggest container line, reported an 86 percent slump in its first-half profit and said it expected "difficult" conditions this year as shipping rates decline, China Daily reports.
Net income fell to $175 million, or 28 cents a share, in the six months ended June 30 from $1.28 billion, or 205.3 US cents, a year earlier, the shipping line said in a statement to the Hong Kong Stock Exchange on Monday. That compares with the $65.7 million average estimate in a Bloomberg survey of three analysts. Revenue rose 6.9 percent to $2.92 billion.
The shipping line handled 2.44 million 20-foot containers in the first half, up 9.4 percent year on year. Freight rates to charter container vessels have fallen as new capacity outpaced demand growth, particularly on the Asia-Europe trades.
Knutsen takes delivery of 105,000dwt shuttle tanker from COSCO
COSCO (Nantong) Shipyard has delivered a second shuttle tanker ‘Recife Knutsen’ for Norwegian owner Knutsen Oas Shipping. The 105,000DWT vessel measures 246.8 metres in length overall, 42 metres in breath and 22.5 metres in depth.
Leading German heavy lift shipping company BBC Chartering announces the commencement of a new monthly liner service that connects Asia with North America.
With the new service, BBC Chartering aims to further strengthen its position in the liner segment of the global project cargo, break‐bulk and heavy lift market.
With the introduction of the Trans-Pacific service the company calls loading ports in Shanghai, Masan, Kobe, and Yokohama and discharges in Long Beach (West Coast), Charleston and Houston. Source: BBC Chartering, August 5, 2011
Germany and France plan naval shipbuilding merger with TKMS and DCNS
Germany and France are considering merging their naval shipbuilding expertise in what would be their biggest industrial partnership since the creation of EADS in 2000, a German newspaper reported, Reuters reports. ThyssenKrupp , French naval shipyard DCNS and the two governments plan to hold talks on the matter after the summer lull, daily Financial Times Deutschland reported on Monday, citing no sources.
A spokesman for DCNS declined to comment. DCNS shareholder Thales and ThyssenKrupp were not immediately available for comment.
ThyssenKrupp, Germany's largest steelmaker, last month said it had cancelled a deal with Abu Dhabi MAR to set up a joint venture to sell naval surface ships to the Middle East and North Africa, blaming changes in the political landscape.