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Marine Freight & Logistics

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DFDS Logistics activities in Belfast restructured

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - DFDS A/S ::REG-LOGISTICS ACTIVITIES IN BELFAST RESTRUCTURED.‍REEFER LINE-HAUL BUSINESS WILL BE TAKEN OVER BY MANFREIGHT LTD. EFFECTIVE FROM NOV 1 2017.‍TOTAL ANNUAL REVENUE OF ACTIVITIES INCLUDED IN RESTRUCTURING IS AROUND DKK 250M​.‍RESTRUCTURING WILL RESULT IN AN ACCOUNTING LOSS IN 2017 OF AROUND DKK 10M​.‍RESTRUCTURING IS EXPECTED TO LEAD TO AN IMPROVEMENT OF EARNINGS FOR ACTIVITIES BASED IN BELFAST IN 2018​.

CGN Nuclear Technology Development sees Q1~Q3 FY 2017 net profit to be 225-245 mln yuan

Monday, 16 Oct 2017

Oct 16 (Reuters) - CGN Nuclear Technology Development Co Ltd <000881.SZ> ::Sees Q1~Q3 FY 2017 net profit to be 225 million yuan to 245 million yuan.Says Q1~Q3 FY 2016 net profit was 222.8 million yuan (after restructuring).Says accomplishment of major assets restructuring as main reason for the forecast.

Chang Jiang Shipping Group Phoenix expects to return profitable in Q1 to Q3 of FY 2017

Friday, 13 Oct 2017

Oct 13 (Reuters) - Chang Jiang Shipping Group Phoenix Co Ltd <000520.SZ>:Sees net profit for Q1 to Q3 of FY 2017 to be 33 million yuan to 36 million yuan.Says the net loss of FY 2016 Q1 to Q3 was 3.2 million yuan.Comments that increased marine transport business income and subsidy as main reasons for the forecast .

Cosco Shipping held third meeting of fifth session of board of directors; Approved resolutions in relation to restructuring​

Monday, 10 Jul 2017

July 10 (Reuters) - Cosco Shipping Holdings Co Ltd <601919.SS>-:Held third meeting of fifth session of board of directors, considered and approved resolutions in relation to restructuring​.Trading in shares of company will not be resumed temporarily​.

Swissco updates on meeting with holders of S$100 mln notes due 2018

Wednesday, 12 Oct 2016

Swissco Holdings Limited : Update On Informal Meeting With Holders Of S$100 mln 5.7% Notes Due 2018 . noteholders informed that company will not be able to pay interest due under terms and conditions of notes on next interest payment date . Announce a suspension in trading of shares of company with effect from today, 12 october 2016 . expects to be able to fund its current operations from its cash, revenue from existing businesses and possible asset disposals .At same time, company and Ernst & Young are actively working on a debt restructuring plan.

A.P. Moller-Maersk says to split into two companies

Thursday, 22 Sep 2016

A.P. Moller-Maersk : Reorganising A.P. Moller-Maersk into two separate divisions; Transport & Logistics and Energy . Says Oil and oil related businesses, either individually or in combination, to be separated from A.P. Moller-Maersk . Progress update on strategic review and change of management . Says Transport & Logistics will consist of Maersk Line, APM Terminals, Damco, Svitzer and Maersk Container Industry based on a one company structure with multiple brands . Says Energy will consist of Maersk Oil, Maersk Drilling, Mersk Supply Service and Maersk Tankers . Soren Skou will continue as group CEO of A.P. Moller-Maersk . Says main growth focus of A.P. Moller-Maersk going forward will be delivering best in class transportation and logistics services as an integrated Transport & Logistics company . Says Maersk Line will grow market share organically and through acquisitions . Maersk Oil will mature existing key development projects, while keeping exploration activities and expenses at a low level . Says Jakob Stausholm will be appointed group CFO of A.P. Moller-Maersk as of 1 December . Says Kim Fejfer will step down as member of registered management effective on 1 October and as CEO of APM Terminals effective on 1 November.

Vallianz Holdings updates on internal group restructuring

Monday, 11 Jul 2016

Vallianz Holdings Ltd : Has transferred its entire equity interest in the capital of the certain entities to Vallianz International Pte. Ltd. . Says transfers are not expected to have any material financial impact on EPS of group for current financial year ending 31 December 2016 .

Marenave Schiffahrts: extension of the reduced repayment rates

Friday, 1 Jul 2016

Marenave Schiffahrts AG : Extension of the reduced repayment rates . Quarterly minimum repayment amount per single ship company shall amount to at least USD 100,000 .Bank consortium has agreed to only seriously demand payment from single ship companies.

Kuehne und Nagel International focuses management structure in Europe

Thursday, 16 Jun 2016

Kuehne Und Nagel International AG :Will establish two organisational units Central / Eastern Europe and Western Europe as of Oct. 1.

DryShips says doubts ability to continue as a going concern for a reasonable period of time

Monday, 6 Jun 2016

DryShips Inc : As of March 31, co in breach of some financial covenants, while 3 bank facilities matured, co hasnt made final balloon installments . Three lenders have declared an event of default - SEC filing . For some bank facilities, the company has elected to suspend principal repayments and interest payments . Cash expected to be generated from operations or proceeds from the sale of vessels will not be sufficient to cover co's working capital deficit . Present conditions, events raise substantial doubt about the company's ability to continue as a going concern, for a reasonable period of time .Present conditions, events raise substantial doubt about the company's ability to continue as a going concern, for a reasonable period of time.

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