UK Shipping Industry Takes its Cause to Government
The UK Chamber of Shipping's CEO Guy Platten and its president Dr Grahaeme Henderson were among a delegation of international shipowners and major figures from the shipping industry that visited 10 Downing Street on Monday as part of London International Shipping Week 2017. The delegation, led by Maritime UK, took part in a round-table debate with government ministers to discuss both the challenges and opportunities facing the UK's maritime industry, and how the government can strengthen the country's appeal as an attractive business centre. UK Transport Secretary Chris Grayling chaired the debate, which was attended by Liam Fox, Secretary of State for International Trade…
Sainty Marine Tells Stock Exchange of Only 4 of its 29 Lost Orders
Shenzhen-listed shipbuilder Sainty Marine withheld news of 29 lost orders from said exchange, Caixin reported, citing data from industry research firms and information from a shipbuilding executive. The firm told the stock market that buyers had canceled four orders in May, but the remainder - worth RMB6 billion (US$966.3 million) - remained undisclosed. Data from industry research firms and information provided by a shipbuilding executive reveal that Sainty Marine Corp. Ltd., based in the eastern province of Jiangsu, lost 33 orders for ships that it had received from 2013 to March this year. Regulators had warned the company in April that it could be delisted at the end of the year if it did not address its financial problems.
Clarksons PLC Perform Strongly in 1H 2014
Leading shipping services group, Clarksons PLC reports strong strong financial performance in the first half of 2014. Clarksons increased revenues by 25% to £111.7m in the first six months of 2014 (2013: £89.1m) despite the weaker US dollar against sterling, which averaged US$1.68 (2013: US$1.53). Administrative expenses increased by 17% to £89.3m (2013: £76.1m) predominantly reflecting additional staff costs. Underlying profit before taxation was £15.8m (2013: £10.8m), which after acquisition costs of £1.7m and £nil exceptional costs (2013: £1.8m after acquisition and exceptional costs), turned into a reported profit of £14.1m (2013: £9.0m). Basic reported earnings per share was 53.1p (2013: 32.7p).
Clarkson Research President to Keynote Marintec China 2013
Dr. Martin Stopford, President of Clarksons Research Services, will deliver the keynote address at the Senior Maritime Forum 2013, 2-5 December, at the Kerry Hotel Pudong, Shanghai, China. The Senior Maritime Forum is held alongside Marintec China 2013 which takes place 3-6 December at the Shanghai New International Expo Centre, Shanghai China. In his keynote address titled, "The Great Shipping Cycle -- Progress to Date and Scenarios for the Next Phase," Dr. Stopford will shed light and retrospect on the previous year industry milestones as well as offer audiences a perspective of areas…
Clarksons PLC Maintain Profits in H1 2013
Clarkson PLC (Clarksons) a leading worldwide shipping services group, releases its unaudited interim results for the 6 months ended 30, June 2013. "Clarksons has delivered a resilient performance in the first half of 2013, achieved in global shipping markets which have seen significant challenges over the period. In these difficult times we have remained focused on the key elements of our strategy by developing our full service client offering, taking advantage of opportunities to strengthen our core broking teams with new hires and enhancing both our research product portfolio and support infrastructure. "The industry outlook remains challenging with the continued focus on the spot market limiting visibility.
