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Ship Owner News

21 Feb 2024

ARC Keeps the Cargo Rolling

Flags on M/V ARC Defender.
Image courtesy ARC

With a fleet of nine U.S.-flag RoRo ships, American Roll-On Roll-Off Carrier Group (ARC), is the U.S.’ premier commercial RoRo carrier of U.S. government and military cargo. As the world becomes an increasingly contentious place, Eric P. Ebeling, President & CEO, ARC, discusses the vast capabilities of the ARC fleet and logistics network, as well as the challenges and opportunities ahead for U.S.-flag ships in the international trade.By the numbers’ is a simplistic means to gauge the size and shape of any shipping company…

29 Aug 2023

Cadeler Reports Strong Results, Outlook

Cadeler installing Siemens Gamesa 11MW turbines in Holland in 2023. Image courtesy Cadeler

Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million. Profit for the period is EUR 29 million, which is EUR 19 million higher than the same period in 2022.

12 Apr 2023

DSME Honors John Angelicoussis

Daewoo Shipbuilding & Marine Engineering CEO Park Doo-seon (front right) and Marangas site manager Panos Nikolaidis (front left) are attending a ceremony to commemorate the late John Angelicoussis.

Daewoo Shipbuilding & Marine Engineering (DSME) has held a tree planting ceremony in honor of the late John Angelicoussis who passed away in 2021.The ceremony included the unveiling ceremony of a plaque engraved with the picture of the former of Angelicoussis Group who is held in high regard by the shipyard particularly because he offered support whenever DSME was in need. This included support through the dissolution of Daewoo Group in 1998, the Lehman Brothers financial crisis in 2008, and the liquidity crisis that continued from 2015.Angelicoussis was born in Piraeus in 1948.

30 Jul 2021

UECC’s Edvardsen on Decarbonization: “There is no perfect solution, start the journey now”

Glenn Edvandsen, CEO, UECC. Photo courtesy UECC

UECC has emerged as a leader in regards to decarbonization, with an order earlier this year for its third LNG battery/hybrid Pure Car/Truck Carrier (PCTC). Glenn Edvardsen, CEO, discusses the strategy and the future for this Oslo-based ship owner.Glenn, to start, can you give a by-the-numbers overview of UECC?United European Car Carrier is a pan-European trading carrier, trading up to the Baltic, as far east as Turkey and down to north Africa. We operate about 18 vessels (of which) UECC-owns six, ranging from (a capacity of) 5,000 cars down to 1,000.

15 Mar 2021

Bahri Chemicals Expands Fleet, adds Nine Chem Tankers on Charter

Bahri CEO Eng Abdullah Aldubaikhi

Bahri business unit will cement its position as world’s largest operator of chemical tankers in IMO2 MR class with 31 vesselsBahri said that its business unit Bahri Chemicals has concluded a long-term time charter agreement with Dubai-headquartered international shipping company United Arab Chemical Carriers Limited (UACC). As part of the deal, nine UACC IMO2 MR (medium range) chemical tankers will join Bahri Chemicals’ fleet from April 2021 onward, bringing the total number of vessels of the same class that it operates to 31.Eng.

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