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  • 2019 March 27 11:35

    HHLA aims for further growth in 2019

    Hamburger Hafen und Logistik AG (HHLA) can look back on a very successful financial year 2018, beating the previous year’s already strong result, the company said in its release. Container throughput went up slightly, despite a more subdued market environment in the second half of the year. This increase was also due to the successful integration of the new acquisition, Estonia’s largest terminal operator, HHLA TK Estonia AS. Stable year-on-year results from container transport and successful property management led to revenue of € 1.29 billion (+3.1 %). The operating result (EBIT) was up significantly on the previous year, as prior-year expenses totalling approximately € 25 million for organisational restructuring and the harmonisation of pension schemes no longer applied. But even when adjusted for this effect, the operating result (EBIT) still increased moderately.
    Angela Titzrath, Chairwoman of HHLA’s Executive Board: “The strong result for the financial year 2018 underlines that our strategy is paying off. We further strengthened HHLA’s solid foundation. Contributions came from all the segments and from the terminal operator HHLA TK Estonia, which has been successfully integrated into the HHLA family. A solid foundation is important in a world that is changing ever faster. But on its own, it is not enough to generate further growth. We will therefore continue to decisively and consistently implement our strategy of strengthening the creative power and future viability of HHLA. This will involve continuous investment in the quality and profitability of our core business, as well as the identification and development of new growth areas, particularly in the digital space. The aim is always to offer our customers the best possible solution for the quick, safe and efficient transport of their goods. And of course to increase the company value of HHLA for our shareholders. We therefore remain committed to our ambitious growth targets.”
    As a result of the takeover of North America services and the first full-year consolidation of throughput volumes of the container terminal HHLA TK Estonia AS (formerly Transiidikeskuse AS), HHLA expects a slight overall increase in container throughput in 2019. Slight year-on-year growth is also expected for container transport. At a Group level, this should lead to a slight increase in revenue.
    The operating result (EBIT) of the Port Logistics subgroup is expected to rise significantly year-on-year in 2019, largely due to the changes in lease accounting (IFRS 16) as of 2019. Earnings for the subgroup will be shaped largely by the Container and Intermodal segments. Stable EBIT growth on a par with the previous year is expected for the Container segment, while significant growth is expected for the Intermodal segment.
    As a result of increased container throughput and earnings from container transport on par with the previous year, the listed Port Logistics subgroup generated revenue of € 1.26 billion in the 2018 financial year (previous year: € 1.22 billion) and an operating result (EBIT) of € 188 million (previous year: € 157 million). There were fewer minority interests following the acquisition of the remaining shares in Metrans, so net profit attributable to Class A shareholders rose by 44.5 % to € 102.9 million (previous year: € 71.2 million).
    At the Annual General Meeting on 18 June 2019, the Executive Board and Supervisory Board will propose a dividend of € 0.80 per dividend-entitled Class A share (previous year: € 0.67). This would increase the dividend by 19.4 % compared with the previous year. The payout ratio of 54 % is again within the target range between 50 and 70 %.

2022 January 21

19:15 PortNews’ week updates and insights summary
18:20 More than 600 boxships stay off ports waiting for berth space, Seaexplorer disruption indicator shows
18:07 Green Innovation Fund adopts joint project on “Mass-production and Cost Reduction of Floating Offshore Wind Installation”
17:44 The new Stena Baltica has debuted on Stena Line’s Baltic Sea route from Ventspils to Nynäshamn
17:16 Port of Los Angeles breaks cargo record in 2021
17:06 Finnlines strengthens Germany-Sweden route with a fourth ship
16:36 Maersk opens its logistics center for South Western Europe at port of Barcelona
16:03 Dublin Port sees a small reduction in volumes in 2021
15:24 Kongsberg Digital joins the NorthWind project to develop digital twin technology for offshore wind
14:03 ClassNK issues Approval in Principle for ammonia-fueled Panamax bulk carrier developed by Planning and Design Center for Greener Ships (GSC)
14:02 TGE Marine announces completion of largest LNG Bi-Lobe Type C Tanks
13:23 Samskip adds 150 new sustainable reefer containers to its fleet
13:01 Icebreakers remain busy assisting shipping of the Gulf of Finland eastern part
12:13 Freight volumes increase at the Port of Gothenburg in 2021
12:12 Nippon Paint Marine’s new fastar antifouling earmarked for Cosco Shipping VLCC fleet
11:42 RZD invested heavily in its rolling stock upgrade in 2021
11:31 DP World launches a premium barge service between the Upper Rhine region and Rotterdam World Gateway
11:03 Israel orders three new submarines from thyssenkrupp Marine Systems
10:31 Port of Oakland import volume hit new record in 2021
10:11 Crude oil prices drop on US oil reserves growth
09:32 MABUX: Global bunker prices may slide down on Jan. 21
09:21 Baltic Dry Index as of Jan 20

2022 January 20

18:35 EuroDry announces agreement to acquire a 2014-built Supramax bulker
18:05 Valaris announces floater contract awards
17:43 Alfa Laval experiences increased demand for solutions related to LPG as fuel
17:26 Throughput of Chinese sea and river ports in 2021 climbed by 6.8% YoY
17:15 The U.S. Army gets $22.81 billion in supplemental funding of studies, projects and programs
17:05 Sanmar Shipyards delivers fourth powerful compact tug to SAAM Towage
16:50 Cargo traffic on IWW of Russia in 2021 rose by 1.2% to 110.3 million tonnes
16:35 Uber Boat by Thames Clippers builds the UK’s first hybrid high speed passenger ferries
16:15 American Cruise Lines unveils Project Blue
16:05 TGE Marine announces the completion of the tank building phase for two large LNG cargo tanks
15:31 Hafnia plans to acquire 12 modern LR1 tankers
15:25 Holland Shipyards Group develops new tug EDDY 24-50 E
15:05 ZIM announces new chartering agreement for three 7,000 TEU LNG dual-fuel container vessels
14:40 Exports of LNG and gas condensate from port Sabetta exceeded 19 million tonnes in 2021
14:11 Stena Line and Associated British Ports sign £100M deal for new ferry terminal at the Port of Immingham
13:45 Federal authorities asked to step into situation with coal transportation by Russian Railways
13:19 MABUX: Bunker Weekly Outlook, Week 03, 2022
13:12 Norside buys the platform supply vessel 'Farland' for offshore wind
12:46 New ICS guide helps seafarers navigate the digital bridge
12:08 The Harbour Master’s Division of the Port of Rotterdam Authority makes it through the second corona year unscathed
11:51 Port of Long Beach sets annual record with 9.38 million TEUs
10:46 Global Ports' consolidated marine container throughput increased by 2.8% y-o-y in 2021
10:10 Increase of cargo predicted for the Port of Riga this year
09:33 MABUX: Global bunker prices may turn over downward correction in the end of the day
09:25 Crude oil market sees downward price correction
09:08 Baltic Dry Index as of January 19

2022 January 19

18:20 New SGMF publication provides expansive and highly relevant guidelines on safe bunkering of LNG
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17:50 Euroseas announces new charter for its 2,788 TEU, 2004-built vessel
17:33 Freeport of Riga Authority to invest almost EUR 1 million in implementation of port digital technology and IT solution projects this year
17:15 ABS, SDTR and SDARI develop methanol-fueled bulker
16:54 Thistle Wind Partners land 2 GW in ScotWind offshore wind leasing round
16:26 Results of Russian ports in 2021: infographics and analytics
16:05 Port of Blyth orders Konecranes Gottwald Generation 6 Mobile Harbor Crane
15:40 Equinor awarded 26 new production licences on the Norwegian continental shelf
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14:29 Sea Port of Saint-Petersburg increased its throughput in 2021 by 17% YoY