Stefano Pieriboni’s Post

"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

Canal Shipping Agencies Reports 137% Profit Growth in First Quarter Shipping Arabia, November 17, 2024 — Canal Shipping Agencies has announced a substantial 137% increase in profits for the first quarter, soaring to EGP 33.3 million from EGP 14.1 million during the same period last year. The company's first-quarter revenue also saw an uplift, reaching EGP 29.82 million, up from EGP 27.76 million in the corresponding quarter of the previous financial year. This significant profit boost is attributed to a robust performance in core operations, an increase in interest income, and gains in foreign currency valuations. In response to these positive financial results, the General Assembly of Canal Shipping Agencies has approved a cash dividend distribution of EGP 2.051 per share to its shareholders. Furthermore, the assembly ratified the board of directors’ report on company activities and the financial statements for the fiscal year ending last June. A pivotal development from the Extraordinary General Assembly includes the addition of new activities to the company's portfolio, such as supplying and outfitting ships, tankers, and various transport means, accompanied by an amendment to Article 3 of the Articles of Association. Additionally, amendments were made to Articles 37 and 38 in alignment with the Prime Minister’s directive to amend Article 26 of the Executive Regulations of the Public Sector Companies Law. For the fiscal year 2023-2024, Canal Shipping Agencies reported a net profit of EGP 726.4 million, a substantial increase from EGP 364.9 million in the prior year, with annual revenues escalating to EGP 101.55 million by the end of June, from EGP 81.32 million the previous year. These robust financial metrics underscore the company's strong operational performance and strategic financial management, positioning it for continued growth in the maritime sector. Source: Al Borsa News #Egypt #Shipping #Maritime #Growth #Revenue

Our analysis indicates that, in case of crude tankers, the high transportation cost via COGH may lead to a shift in trade patterns if this situation persists. European buyers might increase crude imports from Latin America and the US, thereby reducing tonne-mile demand for Middle Eastern crude by 20% and impacting freight rates.   For product tankers, European buyers may attempt to replace Middle Eastern and Asian diesel with alternative sources. However, due to a likely decline in US refinery runs, increasing imports from the US may be limited. We believe that European imports of Middle Eastern and Asian diesel oil, which rose after EU sanctions on Russian diesel oil, will not significantly decline this year. Product tankers are expected to continue benefiting from extended voyages as long as the Red Sea crisis compels owners to avoid Suez Canal transit. - Rajesh Verma, Lead Analyst, Tanker Shipping at Drewry Shipping Consultants Ltd

🚢 Sailing into controversy Good morning! Today: a controversial loan for a shipbuilder. Gambling enters the election scene. And the Amazon shifts from carbon sink to emitter. Brazil’s National Development Bank (BNDES) this week granted a BRL 3.7 billion (USD 652 million) line of credit to LHG Logística, a transportation company that is part of J&F Investimentos, a holding company that also owns JBS — the world’s largest meat producer. The money will fund the construction of 400 barges and 15 pushers to move iron and manganese ores along the Paraná and Paraguay rivers. 💸Incentives. The money comes from Brazil’s Merchant Marine Fund (FMM). Until 2021, it could only finance shipbuilding projects, but a change in legislation allowed it to finance waterway and port infrastructure projects, too. 🤔Context. During the Covid pandemic, the fund had its resources restricted and was used to pay the federal government’s public debt. Now, the Lula administration wants to use the money for its original purposes. 🔗Read more in our full newsletter by Gustavo Ribeiro and Fabiane Ziolla Menezes here 👉 https://lnkd.in/dsXNTZNK #Infrastructure #Investment #Logistics #Brazil

While the Drewry Port Equity Index trails the S&P 500 on a YTD basis, indices of Global Terminal and Regional Operators showcase notable upward momentum. Monetary policy intricacies, such as Bank of Japan’s rate hike and Latin America’s rate cuts, significantly influence market expectations. Read more at: https://lnkd.in/emZaKkbN #shipping #ports #equity #maritimestocks

Explore the major headlines of this week in the downstream aluminium industry.

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

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

IMPACT OF #BUDGET2024: #GOLD PRICES PLUMMET BY ₹4,000 PER 10GM! Is now the right time to #investingold? Read on to find out! Following the #UnionBudget's 6% cut in #customsduty, #gold and #silver prices have seen a significant drop. Gold prices have fallen by up to ₹4,000 per 10gm, making it an attractive #opportunity for #investors. Read the full article here: https://lnkd.in/dP6DFyyh #DigitalGold #GoldInvestment #VGold

Great article by Julian Traill on this important topic which is discussed in so many forums