Total Gross Profit increased 140%YOY to US$5.4 million for the first half of 2023 (H1 2023), while total revenues were 24.4% higher at US$ 31 million, primarily driven by higher charter rates and additional fleet commencing operations. In the first half of 2023, Owned Vessel’s gross profit experienced an exceptional increase to US$ 3.1 million…
Full year 2022 data points for the international shipping industry have been released by Clarksons Research. Reviewing the data, Steve Gordon, Managing Director of Clarksons Research commented: The ClarkSea, our overall day rate charter index covering seaborne transportation (tankers, bulk carriers, containerships and gas carriers together representing over 80% of global shipping capacity), increased 30%…
Wintermar Offshore Marine (Wintermar) has announced results for 1H2022. Total revenue was up 25%YoY to US$25 million, helped by higher chartered vessels revenue. Revenues rebounded in 2Q2022 by 39% QtoQ as several vessels commenced operations after delays in 1Q2022. All Divisions turned a positive gross profit for the 2nd quarter, reflecting higher demand for OSVs….
Public listed shipping company Wintermar Offshore Marine (WINS) planned to disburse as much as US$ 13 million in total for this year (2022) for the completion of six vessels that have been started since late last year (2021). The booming drilling activities following the higher oil price have encouraged the corporate to make this investment, Wintermar’s top executive…
