Hapag-Lloyd’s results not worrying Moody’s
Fifth largest liner operator issues diminished profit forecast, but credit rater does not plan downgrade.
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GTT, VARD Complete LNG Tank Contract
GTT concluded a contract with the Norwegian shipyard, VARD, for the supply of the LNG tanks to expedition ship, PONANT Icebreaker. This ship, whose delivery is planned for 2021, will be the first electric hybrid cruise ice-breaker with LNG propulsion.
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The Inouye: The Largest American-Made and American-Crewed Containership Ever Built
I was honored to be present in South Philadelphia on June 30 to witness the christening of the largest container ship ever built in the United States. It was built by Philly Shipyards for shipping company, Matson, Inc., and was named for the former Haw…
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Hapag-Lloyd AG: Bunker Costs Rise, Earnings Sink
Maritime companies under market pressure have another negative force with which to deal: Steadily rising bunnker costs in tandem with oil’s nearly year-long rise. According to Moody’s, Hapag-Lloyd on June 29 revised its outlook for EBIT and…
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