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X @BBC News (World)
BBC News (World)· 2025-12-12 21:09
Turkish car ferry damaged in strike at Ukrainian port https://t.co/jFZ7WS93Oj ...
Changes in the Supervisory Board of subsidiary
Globenewswire· 2025-11-28 15:00
The membership of the Supervisory Board of Aktsiaselts Infortar subsidiary AS Elenger Grupp is changing. As of December, 1 2025 Priit Tamme is appointed as a member Supervisory Board based on a resolution of the sole shareholder of AS Elenger Grupp. The Supervisory Board of AS Elenger Grupp will continue with five members. Infortar operates in seven countries. the company's main fields of activity are maritime transport. energy and real estate. Infortar owns a 68.47% share in Tallink Grupp. a 100% share in ...
X @Bloomberg
Bloomberg· 2025-11-22 09:48
Firefighters are battling a blaze on a container ship at the Port of LA, the US's busiest for maritime trade, with local residents urged to stay inside https://t.co/qlhLBldlZn ...
Subsidiary of Aktsiaselts Infortar completed the acquisition of shares in Oisu Biogaas OÜ
Globenewswire· 2025-11-20 15:00
Group 1 - Aktsiaselts Infortar's subsidiary OÜ Infortar Agro has acquired a 100% stake in Oisu Biogaas OÜ through a series of transactions, initially acquiring a 60% holding and subsequently a 40% shareholding [1][2] - The Estonian Competition Authority granted merger clearance for the acquisition on 19 November 2025, allowing the transaction to proceed [1] - The transaction is classified as not significant under NASDAQ Tallinn Stock Exchange rules and does not materially impact Aktsiaselts Infortar's operations [3] Group 2 - Infortar operates across seven countries, focusing on maritime transport, energy, and real estate, with a diverse portfolio including a 68.47% share in Tallink Grupp and a 100% share in Elenger Grupp [4] - The company has a real estate portfolio of approximately 141,000 square meters and encompasses 110 companies, including 101 subsidiaries and 4 affiliated companies [4] - Excluding affiliates, Infortar employs a total of 6,558 people [4]
It’s been a record year at Port of Long Beach, but the trade surge is over
CNBC Television· 2025-11-20 13:51
looking at the uh items on the water. When it comes to the containers, vision platform is seeing a decrease in containers coming uh to the United States for November and December. What are you specifically seeing as it relates to vessel calls and uh TEUs or containers coming to the port.>> Well, we're also seeing that decrease, Laurian. You know, uh the first nine months we were up about 6.8% 8% almost 7% from our volume or record volume in 2024 year to year. Now that we move towards October, uh now we're t ...
X @Bloomberg
Bloomberg· 2025-11-19 20:46
Competition to accelerate maritime trade between China and Peru is heating up after a sprawling Chinese-owned port opened along the country’s Pacific coast https://t.co/HVU44g1tX4 ...
NTSB links loose wire and fuel pump issue to Baltimore bridge crash
NBC News· 2025-11-18 21:30
Federal investigators have just released new details into the cargo ship accident that led to 2024's deadly bridge collapse in Baltimore, Maryland. The National Transportation Safety Board is blaming a loose wire and problems with a fuel pump. They're both they're linking both of those things to electrical blackouts on the ship which ran into the Francis Scott Key Bridge last year.It was March 2024. where the ship was headed out of Baltimore, out of the harbor when it lost power and crashed right into the b ...
Aktsiaselts Infortar own share acquisition transactions
Globenewswire· 2025-11-17 06:00
Group 1 - Aktsiaselts Infortar conducted a share buyback program on the Nasdaq Tallinn Stock Exchange from November 10 to November 14, 2025, acquiring a total of 2,778 shares at a weighted average price ranging from EUR 42.9913 to EUR 44.0000 [1][2] - The share buyback program is managed by SEB Pank AS, which acts on behalf of Aktsiaselts Infortar [1] - The company plans to disclose summary data regarding daily volume and weighted average prices no later than the seventh trading day following the transactions [2] Group 2 - Infortar operates in seven countries, primarily focusing on maritime transport, energy, and real estate [3] - The company holds a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp, alongside a real estate portfolio of approximately 141,000 square meters [3] - Infortar encompasses a total of 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing 6,558 people excluding affiliates [3]
Company Secretary Change
Globenewswire· 2025-11-14 07:00
Group 1 - Irish Continental Group plc (ICG) announces the retirement of Thomas Corcoran as Company Secretary effective from 14 November 2025, after serving in various financial roles since 1989 and as Company Secretary since 2001 [1] - The Board expresses gratitude for Thomas Corcoran's contributions to the Group's success and growth during his tenure [1] - Brian Holland has been appointed as the new Company Secretary effective from 14 November 2025, previously serving as Finance Director of ICG's Ferries Division since joining in 2019 [2] Group 2 - Irish Continental Group is the leading Irish-based maritime transport group, providing services for passengers, cars, Roll on Roll off (RoRo) freight, and Container Lift on Lift off (LoLo) freight [3] - The company operates routes between Ireland, Britain, and Continental Europe, and also manages container terminals in the ports of Dublin and Belfast [3]
United Maritime Reports Third Quarter and Nine Months Financial Results for the Periods Ended September 30, 2025
Globenewswire· 2025-11-11 14:00
Core Insights - United Maritime Corporation declared a quarterly cash dividend of $0.09 per share for Q3 2025, marking the 12th consecutive quarterly distribution, with total cash dividends of $1.74 per share since the capital return program began in November 2022 [4][11] - The company reported a net income of $1.1 million for Q3 2025, compared to a net loss of $0.9 million in Q3 2024, indicating a positive turnaround in profitability [3][7] - United made a strategic investment of $0.5 million in an AI-driven maritime technology platform aimed at optimizing ship management operations, reflecting the company's commitment to digital transformation [5][45] Financial Performance - For Q3 2025, net revenues were $11.0 million, down from $11.6 million in Q3 2024, while for the nine-month period, revenues decreased to $31.2 million from $34.6 million [3][8] - Adjusted net income for Q3 2025 was $1.6 million, compared to an adjusted net loss of $0.3 million in Q3 2024, showing significant improvement [3][26] - EBITDA for Q3 2025 was reported at $4.9 million, slightly up from $4.6 million in Q3 2024, while adjusted EBITDA was $5.4 million compared to $5.2 million in the same period [3][24] Operational Developments - The company completed the sale of two older Capesize vessels, generating approximately $18.8 million in liquidity after debt repayment, which bolstered cash reserves [4][14] - United increased its investment in an offshore energy construction vessel project to approximately $12.8 million, becoming the largest individual shareholder, indicating a strategic focus on high-potential segments [4][15] - The fleet's Time Charter Equivalent (TCE) rate for Q3 2025 was $15,093 per day, down from $16,365 in Q3 2024, reflecting changes in fleet composition following the divestment of older vessels [7][12] Shareholder Returns - The company repurchased approximately $0.2 million worth of shares during Q3 2025, demonstrating confidence in its future prospects [4][32] - The declared dividend of $0.09 per share represents an annual yield of approximately 9% based on recent trading levels, reinforcing the company's commitment to returning capital to shareholders [11][31] Market Outlook - The dry bulk market, particularly the Panamax segment, remains firm, supported by strong coal and grain flows, with expectations of continued strength into Q1 2026 [17] - The company anticipates an overall TCE of approximately $15,040 for Q4 2025, based on fixed and index-linked charters, indicating a positive outlook for the upcoming quarter [29][30]