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Containers Fall Off Ship Into Water at Long Beach Port
Bloomberg Television· 2025-09-10 12:54
Cargo handling operations are suspended as responders work to secure dozens of containers that fell from a vessel berthed at a Port of Long Beach terminal Tuesday morning. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Te ...
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Bloomberg· 2025-09-10 06:09
Operational Disruption - Over 60 cargo containers fell into the water at the Port of Long Beach, California [1] - Terminal operations were suspended due to the incident [1] Logistics & Supply Chain Impact - The incident occurred on Tuesday morning [1] - Crews are working to secure the scene [1]
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Bloomberg· 2025-08-07 06:32
The sale of a US-sanctioned tanker being pulled apart in India includes extended payment terms and measures to shield the identity of the owner, unusual clauses that point to growing pressure on older dark fleet vessels https://t.co/jTjeMweqn3 ...
Aktsiaselts Infortar unaudited consolidated interim report for Q2 2025
Globenewswire· 2025-08-04 06:00
Core Insights - Infortar's sales volumes increased significantly in Q2 2025, reaching €505 million, a 150% increase compared to the previous year [1] - The company successfully acquired Estonia Farmid, enhancing its position in the agricultural sector and contributing to the bioeconomy [2] - Infortar invested €38 million in various projects, including renewable energy initiatives and infrastructure developments [3] Sales and Financial Performance - In the first half of 2025, Infortar's consolidated revenue rose by €275.73 million to €951.869 million, largely due to the consolidation of Tallink Grupp's results [11] - The EBITDA for the energy segment improved to €19.929 million in Q2 2025, compared to a loss of €0.845 million in Q2 2024 [13] - The consolidated net loss for the first half of 2025 was €-14.4 million, a significant decline from a net profit of €73.017 million in the same period of 2024 [14] Segment Performance - The maritime transport segment saw an increase in passenger numbers to 1,488,128, a 2.5% rise from Q2 2024, while cargo units transported decreased by 22.8% [4] - The energy segment's gas and electricity sales reached 4.9 TWh, a 25% increase year-over-year, with a market share of 27.7% in the Finnish-Baltic market [6] - In real estate and infrastructure, Infortar completed the Pärnu bridge and continued work on the Rail Baltica mainline, valued at €67.2 million [7] Investments and Projects - Infortar's investments in the first half of 2025 totaled approximately €38 million, focusing on renewable energy and infrastructure projects [15] - The company is constructing one of Estonia's largest biomethane plants and a new solar power plant in Latvia [3] Financial Position - As of June 30, 2025, Infortar's total liabilities amounted to €941.747 million, with net debt at €795.379 million [16] - The net debt to EBITDA ratio was reported at 3.4, indicating the company's leverage position [16] Dividends - Infortar plans to pay a dividend of €3 per share for the 2024 financial year, with the first payment made on July 15, 2025 [17]
Aktsiaselts Infortar Investor Webinar introducing the results of the Q2 2025
Globenewswire· 2025-07-28 11:00
Company Overview - Infortar operates in seven countries with primary activities in 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 modern real estate portfolio of approximately 141,000 square meters [3] - Infortar's operations extend to construction, mineral resources, agriculture, printing, and other sectors, comprising a total of 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies [3] - The company employs 6,296 people, excluding affiliates [3] Investor Webinar - Infortar will host a webinar for investors on 4 August 2025 at 12:00 (EET) in Estonian and at 14:00 (EET) in English to present the second quarter 2025 results [1] - The webinar will feature the Chairman of the Board Ain Hanschmidt, Managing Director Martti Talgre, and Investor Relations Manager Kadri Laanvee [1] - Participation in the webinar does not require prior registration, and it will be accessible via Microsoft Teams or web browser [2] - Questions can be submitted before the webinar or during the event through Teams Q/A, and the session will be recorded for later viewing on the company's website [2]
Watch: Hundreds Rescued From Burning Indonesian Ferry | WSJ News
WSJ News· 2025-07-21 15:10
Incident Summary - Indonesian officials deployed a coast guard ship, six rescue vessels, and several inflatable boats for a rescue operation [1] - A fire was extinguished within an hour [1] Source Information - The information is sourced from Abdul Rahman Agu/AP and BAKAMLA/EPA/Shutterstock [1] - The news is related to WSJ Indonesia ferry fire [1]
Infortar acquired 100% ownership of its existing subsidiary
Globenewswire· 2025-07-15 06:00
Core Viewpoint - Aktsiaselts Infortar has acquired 10% of the shares in OÜ INF Saue, resulting in full ownership of the company, which operates in real estate rental and management [1][2]. Group 1: Company Activities - OÜ INF Saue specializes in the rental and operation of real estate, owning a logistics center leased to Rimi Eesti Foods AS [1]. - Infortar operates across seven countries, focusing on maritime transport, energy, and real estate, with a diverse portfolio including approximately 141,000 m² of real estate [3]. Group 2: Ownership and Structure - Following the acquisition, Infortar holds a 100% stake in OÜ INF Saue, consolidating its position in the real estate sector [1]. - Infortar's corporate structure includes 110 companies, comprising 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing a total of 6,296 people [3]. Group 3: Transaction Details - The acquisition is classified as a routine economic activity and does not significantly impact Infortar's overall operations [2]. - There are no personal interests from the Supervisory Board or Management Board members regarding this transaction [2].
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Bloomberg· 2025-07-11 09:06
Shipping Insurance Costs - The cost of insuring commercial ships sailing past Yemen's Houthi militants is surging [1] Geopolitical Risk - Houthi rebels sank two ships and killed sailors this week, increasing risk in the region [1]
Dividend payment ex-date of Aktsiaselts Infortar
Globenewswire· 2025-06-30 06:00
Group 1 - Infortar will pay a dividend of 1.5 euros per share for the 2024 financial year, with the payment date set for 15 July 2025 [1][2] - The record date for shareholders entitled to dividends is 4 July 2025, and the ex-date is 3 July 2025 [1] Group 2 - Infortar operates in seven countries, focusing on maritime transport, energy, and real estate, and owns a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp [3] - The company has a real estate portfolio of approximately 141,000 square meters and operates in various sectors including construction, mineral resources, agriculture, and printing [3] - Infortar comprises 110 companies, including 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies, employing a total of 6,296 people [3]
Extension of subsidiary Management Board Chairman terms of office
Globenewswire· 2025-06-12 13:00
Group 1 - The Supervisory Board of AS Elenger Grupp has approved the extension of Margus Kaasik's term as Chairman of the Management Board for an additional three years, until June 26, 2028 [1] - Infortar operates in seven countries and is involved in maritime transport, energy, and real estate, holding a 68.47% stake in Tallink Grupp and a 100% stake in Elenger Grupp [2] - Infortar has a real estate portfolio of approximately 141,000 square meters and employs 6,296 people across its 110 companies, which include 101 subsidiaries, 4 affiliated companies, and 5 subsidiaries of affiliated companies [2]