Korean feeder lines wallow in profits as KMTC records 91% revenue boost

Korea Marine Transport Co (KMTC Line) remains the top-earning South Korean feeder operator, recording a 91% year-on-year boost in revenue. All 12 privately owned South Korean feeder operators have released their 2021 results, as required by law for companies with assets exceeding KRW12bn ($9.6m). Last year, KMTC Line reported revenue of $3.02bn, up 91% year on year, while net profits soared nine-fold to $1.22bn. Income from shipping operations nearly doubled on 2020, …

Source

Related Posts

Hulu partners with Xbox to bring PC Gamers free games in a bundle deal – TechCrunch

Hulu and Xbox have announced a partnership deal that gives existing U.S. Hulu subscribers three free months of PC Game Pass as part of the Hulu “Friends with Benefits” initiative. The move to target gamers follows Netflix’s entry into the gaming market, where the streamer has made a number of ad-free mobile games a part…

M&A radar: All of a sudden, a deal spike – Japan leads

Uh-oh. Ah. Eh? Hurrah! Just in case you have missed the latest. With transport and logistics (T&L) having frantically ‘enjoyed’ fewer ups than downs since last autumn, due to shaky financial markets, deal-making is back on the menu, it seems. Finally? Indeed, taking and/or trying to take over listed assets that, in most cases, struggle…

Abbott, FDA reach agreement to reopen baby formula facility in Michigan

Abbott Laboratories said on Monday (May 16) it had reached an agreement with the US health regulator to resume production of baby formula at its troubled Michigan plant, marking a major step towards resolving a nationwide shortage of the product. The company said once the US Food and Drug Adminis Read More

Investors reward battery startup SES for losing money (but not too much) – TechCrunch

While R&D work continues on its lithium-metal technology, an increasing amount of SES' cash is going toward building facilities in the ramp up to commercial production. Read More

Japan’s top uniformed officer to attend 1st NATO military chiefs meeting

TOKYO — The highest-ranking uniformed officer in Japan's Self-Defense Forces will attend a NATO Military Chiefs of Defense meeting for the first time Read More

Misdeclared Li-Ion battery shipments a rising threat to shipping

The increasing prevalence of lithium-ion (Li-Ion) batteries being carried on containerships amid rising misdeclarations is a major concern for marine insurers, experts say. According to a recent Allianz Global Corporate & Specialty (AGCS) report, misdeclared cargo has been implicated in a number of near-miss incidents recently, with false declarations including labelling them as ‘computer parts’. In…

Leave a Reply

Your email address will not be published.