Freight Transport Operator News

Czech freight transport operator Advanced World Transport (AWT),  a member of PKP CARGO Group, which is a leading logistics operator in Europe, on 1st July 2019 took over three new multisystem Vectron A17 locomotives from Siemens Mobility in Velim.AWT is complementing fleet of eight multi-system locomotives, which will be used for shipments across Europe and help to implement the PKP CARGO Group development strategy.The AWT Group currently runs a total of seven multisystem locomotives, which are used mainly for international transport, three Siemens ES64U4, three Siemens ES64F4 and from the beginning of last year two Bombardier Traxx…

Sea Containers Ltd., marine container lessor, passenger and freight transport operator and leisure industry investor, today announced that it had sold its subsidiary Folkestone Properties Ltd, owners of Folkestone Harbour on the south east coast of the United Kingdom. Contracts were signed for the port sale on July 2, 2004 and the purchase, by businessman Mr Roger De Haan who is well known as chairman of the Folkestone-based Saga Group, was completed on August 24, 2004. The sale price was $20 million (GBP11 million). President of Sea Containers Ltd., Mr James B. Sherwood, said the gain will be recorded in the company's third quarter results.

Sea Containers Ltd. passenger and freight transport operator, marine container lessor and leisure industry investor, today announced its results for the quarter and nine months ended September 30, 2002. For the quarter, net income was $17.9 million ($0.84 per common share diluted) on revenue of $547 million, compared with net income of $6.6 million ($0.35 per common share diluted) on revenue of $356 million in the year earlier period. Net income was up 173 percent, diluted net earnings per common share were up 140% and revenue was up 54 percent. For the nine months ended September 30, 2002 net income was $27.9 million ($1.40 per common share diluted) on revenue of $1.23 billion…

Sea Containers Ltd. marine container lessor, passenger and freight transport operator and leisure industry investor, said today that it has received a number of inquiries about the recent fall in the company's common share price. James B. Sherwood, president, said that he was mystified because the company had an excellent fourth quarter in 2002 and its earnings for the year will be significantly higher than the $27.9 million ($1.40 per common share diluted) reported for the nine months ended September 30, 2002. This will represent a huge improvement over the net income of $4.5 million ($0.24 per common share diluted) reported for the full year 2001. Sherwood said that the 2002 results were currently under audit and the company would announce its results late in March as customary.

Sea Containers Ltd. marine container lessor, passenger and freight transport operator, and leisure industry investor, has extended the exchange offer for its outstanding 9-1/2% Senior Notes due 2003 and 10-1/2% Senior Notes due 2003, which commenced on May 28, 2003, until 5:00 p.m., New York City time, on Friday, June 27, 2003. The date by which Notes may be tendered through the guaranteed delivery procedure described in the exchange offer materials will not be extended. Accordingly, certificates representing any Notes tendered pursuant to the guaranteed delivery procedure must be received by The Bank of New York, the exchange agent for the exchange offer, not later than 5:00 p.m., New York City time, on Monday, June 30, 2003. As of 10:00 a.m.

Sea Containers marine container lessor, passenger and freight transport operator, and leisure industry investor, today announced its results for the first quarter ended March 31, 2003. Net earnings for the period were a loss of $10.3 million (loss of $0.49 per common share) on revenue of $351 million, compared with a loss of $6 million (loss of $0.32 per common share) on revenue of $218 million in the prior year period. The first quarter is traditionally loss making because of the seasonality of the company's passenger and freight transport business. It is also the weakest period for marine container leasing because of reduced consumer purchasing post Christmas and Asian holidays which cause factory closures.