For the year 2017, SAAM reported net income of $60.4 million, up 11% from $54.5 million in 2016. This figure includes $26 million in extraordinary items, mainly from the sale of its minority interest in Tramarsa.
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Ports and Harbours
The Port of Cromarty Firth has announced the appointment of two new members to its Board. Hugh Mitchell and Stewart Ralston join the other six members, chaired by Douglas Russell.
The World Ports Sustainability Program (WPSP) charter will be signed in Antwerp on 22nd March.
A huge ship carrying four of the West Coast’s largest container cranes was scheduled to travel through Puget Sound 23rd February to Tacoma.
In 2017, the sale of bunker oil - fuel for shipping - in the Rotterdam bunker port diminished from 10.1 million m3 to 9.9 million m3.
The arrival of two state-of-the-art cranes worth £10.5 million will enable ABP’s Hull Container Terminal to handle double the volume of trade by increasing capacity to more than 400,000 units per year.