1407’s Post

Positive financial results for ThPA S.A. in 2023 📊💼 ThPA S.A. has announced increased financial results for 2023, with significant growth in container terminal revenues, despite a decline in the conventional cargo terminal. The company continues to invest heavily in infrastructure improvements. #ThPASA #FinancialResults #Ports #Thessaloniki #EconomicGrowth #MaritimeTransport #PortInfrastructures #Investment #SustainableDevelopment #MaritimeIndustry 🔗 ThPA S.A. publishes its financial results for 2023 https://lnkd.in/ei-7eS6A

Positive financial results for ThPA S.A. in 2023 📊💼 ThPA S.A. has announced increased financial results for 2023, with significant growth in container terminal revenues, despite a decline in the conventional cargo terminal. The company continues to invest heavily in infrastructure improvements. #ThPASA #FinancialResults #Ports #Thessaloniki #EconomicGrowth #MaritimeTransport #PortInfrastructures #Investment #SustainableDevelopment #MaritimeIndustry 🔗 ThPA S.A. publishes its financial results for 2023 https://lnkd.in/eed94BDV

This month, Vedder Price shareholder Hoyoon Nam moderated the discussion panel on “The Evolving Landscape of Ship Finance” at the 18th Annual Capital Link International Shipping Forum. To listen to the full discussion on maritime finance matters with Hoyoon and his industry colleagues, visit the link below. #ShippingIndustry #GlobalTransportationFinance #MaritimeFinance

SECP approves PIA’s Scheme of Arrangement The Securities and Exchange Commission of Pakistan has approved the Scheme of Arrangement between Pakistan International Airlines Corporation Limited (PIA) and PIA Holding Company Limited (HoldCo). https://lnkd.in/dk2Qcp2a CCP flags PTCL’s acquisition of Telenor Pakistan as potential threat to telecom competition The Competition Commission of Pakistan’s investigation has provisionally concluded that PTCL’s proposed acquisition of Telenor Pakistan (Private) Limited and Orion Towers Private Limited could lead to a substantial lessening of competition in the telecommunication industry, potentially limiting consumer choice. https://lnkd.in/d3vattHr Millat Tractors approves amalgamation with Millat Equipment Limited The Board of Directors of Millat Tractors Limited (MTL) has approved a business expansion plan to amalgamate its subsidiary, Millat Equipment Limited with and into MTL with effect from January 01, 2024, according to a notice sent to the Pakistan Stock Exchange (PSX) on Monday. https://lnkd.in/dkmiinAp Dawood Hercules Corporation, Engro Corporation approve restructuring plan to enhance investment opportunities The Boards of Dawood Hercules Corporation Limited (DH Corp) and Engro Corporation Limited (Engro Corp) have, in principle, approved a proposal to restructure the shareholding between the two companies, aiming to enhance the investment opportunities of the enterprise. https://lnkd.in/dsD7uGuh Roshan Packages engages in bilateral collaborations at Saudi investment forum Roshan Packages (RPL) is actively participating in the Saudi Arabia-Pakistan Investment Forum 2024, with the company's CEO and directors currently engaged in impactful B2B meetings with esteemed Saudi counterparts, fostering potential collaborations between the two nations. https://lnkd.in/diqZQ9cj ECC all set to approve enhancement of wheat target The Economic Coordination Committee (ECC) of the Cabinet is all set to approve enhancement of wheat target by 0.40 MMT to 1.80 MMT from 1.40 MMT along with fresh Cash Credit Limit (CCL) amounting Rs41.50 billion to procure additional quantity, well-informed sources told Business Recorder. https://lnkd.in/dtUNcC49

ICTSI reported unaudited consolidated financial results for the first half of 2024 posting revenue from port operations of USD1.32 billion, an increase of 13 percent from the USD1.16 billion reported for the first six months of 2023; EBITDA of USD864.99 million, 19 percent higher than the USD728.88 million generated in the same period last year; and net income attributable to equity holders of USD420.55 million, 34 percent more than the USD313.80 million earned in the first half of 2023 primarily due to higher operating income, partially tapered by increase in interest on loans and lease liabilities related to concession renewal. Read more: https://lnkd.in/g2Ua_mcT #ICTSI #globalportoperator #turningportsintoturningpoints #1sthalf

"Yang Ming reported second-quarter consolidated revenues of US$ 1.65 billion, translating to a year-on-year increase of 50%. The company’s after-tax net profit and EPS reached US$435.6 million and NT$3.98, respectively. Additionally, the ocean carrier's consolidated revenues for the first half of 2024 grew by 34% to US$3.02 billion, while its after-tax net profit and EPS for this period were US$729.82 million and NT$ 6.66, respectively. The strong demand and increased freight rates were the main drivers of the improved financial results in the first six months of 2024." #yangming #containershipping

ICTSI's Revenue Surges to $2.4 Billion in 2023 💰 International Container Terminal Services, Inc. (ICTSI) has announced its consolidated financial results for 2023, with port operations revenue reaching $2.39 billion, marking a 6% increase from the previous year. This growth comes despite a slight decrease in net income attributable to shareholders, primarily due to non-recurring items. #ICTSI #Logistics #Finance #EconomicGrowth #Ports #InternationalTrade #Innovation #Sustainability #Technology #Globalization 🔗 ICTSI revenue jumps to $2.4 billion in 2023 https://lnkd.in/eWqsRtnp

Insights from analysis published by the RMI show that the shift to zero-emissions cargo handling equipment at sea ports is both economically viable and technologically feasible. Many terminals are already testing or deploying electric equipment. Costly upgrades are needed but they can be offset by government incentives and tax credits. Read this and other perspectives on the #energytransition at Kathari.News https://lnkd.in/dRS33Gi6 #netzeroshipping #portemissions

The private entity winning the rights to build a 4 million twenty-foot equivalent units (TEUs) capacity container terminal in the outer harbour of state-owned V O Chidambaranar Port with an investment of Rs7,055.95 crores will have the freedom to set rates based on market forces in a deviation from the eligibility conditions for securing viability gap funding (VGF) for public-private-partnership (PPP) projects. #port #shipping #ppp

Breathe life into CASCA+ Last week, a meeting of representatives of the railway departments of Uzbekistan, Kyrgyzstan, Turkmenistan, Azerbaijan, Georgia and Turkey on the development of the CASCA+ (Central Asia – South Caucasus – Anatolia +) transport corridor took place in Tashkent. An important outcome of the meeting was the decision to create a consortium, i.e. a special structure to coordinate the activities of CASCA+. Thus, the project reaches the institutional level, which creates a serious foundation for increasing the competitive potential of the route, as well as the transit capabilities of the countries of Central Asia and the South Caucasus. CASCA+ was launched in 2019 as an alternative land cargo transportation between the Asia-Pacific region and Europe. It competes with the Middle Corridor. The main difference between the two routes is the composition of the participants. If only Kazakhstan is involved in the work of the Middle Corridor among the Central Asian countries, then the beneficiaries of CASCA+ are three states of our region - Uzbekistan, Kyrgyzstan and Turkmenistan. Now transporting goods from Chinese Kashgar to the borders of Uzbekistan using the Kyrgyz highway network takes 2 days instead of 10 in transit through Kazakhstan. The construction of the China – Kyrgyzstan – Uzbekistan railway line will allow to achieve even greater results. When the highway is launched, the trade route between East Asia and Europe will be reduced by 900 km, and the delivery time of goods will be reduced by 7-8 days. This will give CASCA+ an additional advantage. According to the latest data, in June 2024 it is planned to register a trilateral joint venture, which will be involved in the construction of the China – Kyrgyzstan – Uzbekistan railway, and subsequently in its management and operation. The preliminary cost of the project is $4.7 billion. The length of the route is 486 km. ©