Monday, April 6, 2009

Profits dropping for Bornholmstrafikken

Bornholmstrafikken made profits of DKK 24 million last year - a serious decrease compared to the profits of DKK 37.6 million last in 2007. 14.5 million of the profit is from the sale of the ferry Povl Anker.

The board considers the profit "not satisfying" but states that the declining profit should be seen in the light of the record high oil prices in 2008. The combined expenses for bunkers were approx. 13 per cent higher in 2008 then in 2007. In addition, the summer weather in 2007 was historically bad, which meant that the number of passengers declined in the following year 2008. In total the passenger count dropped by 0.3 per cent compared to 2007 for all services combined. 2008 had bad weather as well with the wettest August in 45 years. The net turnover was DKK 554 million compared to 536 million the year before. The profit of 2009 is expected to be between DKK 15 and 20 million. The expected result should, according to the shipping company, be seen in relation to the current financial crisis and it is more uncertain than usual as it has yet to be seen what effects the crisis will have on demand of transportation by sea to and from Bornholm.
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Smyril Line believes in new growth

Despite the financial crisis, the Faroese Smyril Line believes in growth in coming years in both passenger transport and cargo shipping.

According to the company's CEO Peter Holm, the company has left 2008 with greater strength and 2009 also looks positive, estimated from pre-bookings. The Faroese shipping company has for several years suffered from bad financial management and too widely spread services, for instance to Shetland Islands and Bergen in Norway. In 2008 the shipping company made a profound turn around, backed by potential investors. In addition, Smyril Line got a new management and a board led by the former CEO of Torm, Klaus Kjærulff as chair.The new management has reorganised the shipping company and simplified the service net, so that from now on, 9 out of 12 months a year there will be a service every Saturday between Esbjerg, Tórshavn and Seydisfjordur in Iceland. During the height of the season in June, July and August, the service will call at Hanstholm instead of Esbjerg. The latter is created for Norroöna to make a double trip every week. Previously, Hanstholm was the regular port of call for Smyril Line all year, but the call at Esbjerg for most of the year gives new and greater possibilities of reaching large European cities, including Copenhagen, within reasonable time.
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Wuhan to build mega terminal complex

WUHAN's plan of a mega terminal complex has been approved by the state government.

The city is going to invest more than CNY5 billion (US$731 million) on the facility and start construction this year, Xinhua reported. After completion, the complex will be able to handled more than 10 million TEU, or more than 100 million tonnes, every year. The port complex construction comprises 18 projects this year, which include 17 terminals and a bridge connecting the Beijing-Kowloon, Wuhan-Kowloon railway and also the Daqing-Guangzhou-Beijing and Wuhan-Ezhou highway.
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Fujian's Sanduao box terminal starts construction

THE Sanduao International Container Terminal, which is situated in the Sanduao port area at southeastern China's Fujian province, has commenced construction.

Managing Director of Sanduao International Container Terminal Wang Xiaobin said the construction is divided into two phases. Phase 1 comprises two 100,000-tonne berths, which cost CNY1.3 billion (US$190 million) to build and will be completed by 2010. Phase 2 comprises two 200,000-tonne berths costing CNY1.8 billion and will be finished by 2012. Following completion, the terminal will have an annual capacity of 6 million TEU and be able to accommodate sixth-generation containerships.
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GE Shipping takes delivery of new building product Tanker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Long Range One (LR1).

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Long Range One (LR1) product Tanker Jag Amisha. The 74,500 dwt double hull LR1 Product Tanker was built at STX Shipbuilding Company Ltd., Korea.
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