Towing Vessels News

 

SAAM Reports 40% Jump in Revenue

Nov 08, 2021

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18…

Maersk to Spin Off Svitzer

Feb 08, 2024

Denmark's A.P. Moller-Maersk said on Thursday it will spin off its towage and marine services activities and plans to list the new company on the Nasdaq Copenhagen stock exchange.Maersk has sought to streamline its business in recent years,…

Logistics News

Pilot Planning Implicated in Tanker Contact with Jetty

Pilot Planning Implicated in Tanker Contact with Jetty

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Sempra Signs Contract with Bechtel to Build Port Arthur LNG Phase 2

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

Texas Tanker Bottleneck Grows on Slow Freeport LNG Restart

China's Commodity Import Trend Driven by Prices, Not Economy

China's Commodity Import Trend Driven by Prices, Not Economy

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