Concordia Maritime Interim report, 1 January–30 June 2018

-Total income Q2: SEK 227.0 (211.1) million HY1: SEK 426.6 (436.0) million -EBITDA Q2: SEK –9.3 (10.0) million HY1: SEK –2.3 (39.3) million -Result before tax Q2: SEK –57.0 (–43.9) million HY1: SEK –95.7 (–85.1) million -Result per share after tax Q2: SEK –1.19 (–0.92) million HY1: SEK –2.01 (–1.78) million Events in the second
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IMO is supporting countries from the Gulf of Guinea region (an area prone to piracy) in their plans to enhance maritime security. Participants from 10 countries last week took part in a workshop in Monterey, US, on developing and refining their work plans. This included introducing new topics directly related to the successful implementation of
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The Marine Anchorage Operations Department of the Dubai Maritime City Authority (DMCA) has announced the continuation of the comprehensive assessment process for marine crews simultaneously with the ongoing enhancement of the maritime licensing procedures in Dubai. The evaluation and training program for marine crews aims to equip them with modern knowledge in maritime operations before
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Wilhelmsen Ships Service is one of only four companies to have received the funding, following a Call-For-Proposal (CFP) by CAAS and the Ministry of Transport. The CFP aims to support the development of systems and technologies to enable innovations within the wide-ranging use of UAS. The maximum funding available for each project is SGD1.5 million,
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MUMBAI: It was indeed an important occasion on 29th July, 2018 when the Centre for Maritime Law & Research was inaugurated at the Maharashtra National Law University (MNLU), Mumbai at the hands of Hon’ble Justice K. R. Shriram (Judge, Bombay High Court) in the presence of Hon’ble Justice Abhay Shreeniwas Oka (Judge, Bombay High Court)
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The litigation in the United States related to competing maritime lien claims against vessels whose charterers contracted with OW Bunker & Trading A/S or its affiliates (OW Bunker) in October-November 2014 has continued over the past year, primarily at the appellate level. THE UNDERLYING DISTRICT COURT RULINGS As previously reported, last year litigants in the
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Mauritius has become the 15th signatory to the Jeddah Amendment to the Djibouti Code of Conduct—the instrument developed and adopted by countries in the Western Indian Ocean and Gulf of Aden that has been a key factor in repressing piracy and armed robbery against ships operating in that region. The Amendment significantly broadened the scope
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By chartering in another modern suezmax vessel, Concordia Maritime continues to strengthen its positions in the crude oil tanker segment. In parallel, the contract to charter out the P-MAX tanker Stena Paris is being extended for the sixth consecutive year. The 158,000 dwt suezmax vessel that has been chartered in was built in Korea in
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An unspecified number of pirates attacked a merchant vessel at 1722 hrs local time off the coast of Baraawe. Further details of the incident were not provided. The vessel was reported safe in the port of Baraawe. PGI Analysis: Recent piracy incidents off the Somali coast have been concentrated in the Gulf of Aden and
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The dynamic policymaker will chair the Inaugural Session along with some of the leading lights of the sector from India and overseas, to discuss the current and future scenario in shipping and logistics in the region and globally. The main ceremony will then see awards being presented to companies as well as individuals in nearly
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