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Grupo Tmm News

26 Nov 2016

Grupo TMM Orders Damen ASD Tug 3212

Leading Mexican maritime operator, Grupo TMM, has signed a Protocol of Delivery and Acceptance with Damen Shipyards Group for a 70 tonne bollard pull ASD Tug 3212 named TMM COLIMA. The tug will operate in the Mexican port of Manzanillo on the Pacific Coast. Ongoing port modifications and changes in port authority requirements were the driving force behind the deal. Founded in 1958, Grupo TMM has become one of the largest integrated logistics and transportation companies in Mexico. The group provides a dynamic combination of specialized maritime services, port and terminal management and integrated logistics services to an extensive Mexican and international client base.

10 Mar 2011

Cruise Shipping Miami 2011 Conference Updated

current topics with audience participation. 9:30 – 11:30 a.m. 1 – 3 p.m. 9 a.m. – 5 p.m. information. 11 a.m. Argentina. and Mar del Plata—some statistics showing the increasing growth. 2 p.m. Record (EHR). processes. management and preventative care onboard cruise ships. targeted to the unique challenges of the cruise ship healthcare setting. 2:30 p.m. control the equipment operations on board cruises ships. not compatible with new hardware. Revive Image System. is now possible. and the ship is free to go on with shipboard operations. 3 p.m. 3:30 p.m. walls and floors. concrete slabs. TCNA Handbook. be covered. shower assemblies will be examined. railing assemblies. 4:30 p.m. 9:30 – 11:30 a.m. A view of the shape of the industry and a look ahead. Gerald R. Adam M. Daniel J. 3 - 5 p.m.

03 Nov 2009

Horizon Delivers Two Vessels in Three Days

Photo courtesy Horizon Shipbuilding, Inc.

Horizon Shipbuilding, Inc., Bayou La Batre, Ala., has met a major corporate milestone by delivering the M/V John Grimsley #59 on Saturday, October 10, 2009 and the M/V Isla San Luis on Tuesday, October 13, 2009. The M/V John Grimsley #59 designed by John Gilbert, is a 140-ft long by 42-ft wide, 9.2-ft draft, towboat vessel that is four-decked and is outfitted for service in areas restricted to overhead clearances and draft limitations. She is powered by two EMD 710 12 CYL engines driving 99” propellers through Nico MGN 5023Z gearboxes. There are two Cummins generators to support ship’s power.

30 Oct 2008

TMM Reports Results

Jose F. Serrano, chairman and chief executive officer of Grupo TMM, said, "Despite weak global economic conditions, in the third quarter of 2008 TMM reported a revenue increase of 24.1 percent, net income of $14m and earnings per share of $.25. The Maritime division continues to produce solid results, confirming our strategy to grow revenues by acquiring vessels. With the acquisition of new vessels in 2008 and 2009, TMM will manage a significantly larger owned fleet than in the past several years. The increase in the number of owned vessels is a direct result of the completed funding of our peso denominated 20-year Trust Certificates Program, which is non-recourse to the Company, and our commitment to capitalize on the growing demands for oil distribution and exploration in .

15 Apr 2008

Obituary: John Newbold

John "Jock" Newbold died Saturday, April 12, in New York. He was among the most well-known and highly respected figures in shipping and financial circles. Jock was most recently a Non-Executive Director of Castalia Partners Limited and also a member of the Advisory Board of Castalia Straits L.P. Newbold retired from Citigroup in 1997 after a 36-year career, the last 21 of which were spent with Citibank’s business with the shipping industry. From 1985 to 1997, Newbold was Division Executive in charge of the Global Shipping Division with offices in New York, London, Piraeus, Tokyo and Hong Kong. Earlier in his career, he held positions as Head of the Corporate Bank in Japan…

28 Feb 2008

Grupo TMM Reports 4Q and 2007 Financial Results

Grupo TMM reported its financial results for the fourth quarter and 12 months of 2007.

29 Nov 2007

ABS Elects Members and Corporate Officers

At the recent Board of Directors and Council meetings of the international classification society ABS, 26 prominent members of the shipping and offshore industries were elected as new members of the society, as well as a new member elected to its technical committee and two corporate officer positions. Mark W. Angela A. Mike J. Dowdy, Vice President of Engineering, Rowan Companies, Inc. Capt. Angeliki N. Frangou, Chairman & CEO, Navios Maritime Holdings, Inc. Aditya Ashok Garware, Vice Chairman & Managing Director, Garware Offshore Services, Ltd. James J. Gaughan, President, James J. Gaughan & Associates Inc. Dr. Ho-Chung Kim, CEO, Daehan Shipbuilding Co., Ltd. Capt. Tae-Jin Kwon, President & CEO, SLS Shipbuilding Co., Ltd. Jong-Ho Lee, President, JINSE Shipbuilding Co., Ltd.

08 Mar 2006

Seacor Sells Ships, Stake in Mexican Marine Services Company

According to reports, Houston-based marine services company Seacor Holdings Inc. on Monday said it has sold five vessels and its 40 percent stake in Maritime Mexicana SA de CV to diversified transportation company Grupo TMM SA for $57 million. Seacor, which serves the offshore oil and gas industry, said the five ships are working under time-charter contracts supporting drilling activity in the Gulf of Mexico. Mexico's Grupo TMM has flagged the ships as Mexican. Maritime Mexicana provides marine services along Mexico's Gulf Coast. Shares of Seacor dropped $1 to close at $74.52, while American depositary shares of Grupo TMM fell 10 cents to close at $4.40 on the New York Stock Exchange. Source: AP

01 Mar 2006

Grupo TMM Reports 4Q, Full-Year 2005 Results

Grupo TMM, S.A. reported earnings of $0.41 per share for the fourth quarter of 2005 compared to a loss of $1.62 per share a year ago, and earnings of $3.02 per share for the full year of 2005 compared to a loss of $1.80 per share in the same period of last year. TMM reported the following results for the fourth quarter: Revenue of $88.3 million, up 30.2 percent from $67.8 million the previous year; Operating income of $2.8 million, up from an operating loss of $0.1 million a year ago; Operating margin of 3.2 percent, up 3.3 percentage points from the previous year; Net income of $23.6 million compared to a net loss after discontinuing operations of $92.3 million the previous year.

29 May 2003

Grupo TMM Initiates Discussions with Bondholders

Grupo TMM has initiated discussions with holders of its outstanding 9½ percent Notes due 2003 and 10¼ percent Notes due 2006 (the Notes) and their representatives (the Bondholders) in order to encourage the formation by the Bondholders of an informal committee to engage the company in negotiations over the terms of a consensual restructuring of the Notes.