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Yilport Holding Signs Port of Taranto Deal
This is the 22nd marine port in Yilport Holding’s portfolio, and the first in Italy.
“We have a strong presence in the Mediterranean. We are in Malta and operate seven ports between Spain and Portugal. Our intention is to create another success story in Taranto. From today until the end of this year, we will be fixing cranes to ramp up business, visiting potential customers, and promote the container terminal,” Robert Yuksel Yildirim, Yilport Holding Chairman, stated.
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Profit Boost for Scorpio Bulkers
Their net income rose from USD 0.8 million in Q2 2018 to USD 35 million in Q2 2019, mainly due to their investment in Scorpio Tankers. A write-off of deferred financing costs also contributed to the income rise.
Scorpio Bulkers’ time charter equivalent (TCE) revenues decreased by USD 11.7 million year-over-year, owing to a coal import reduction in Europe and China and the US-China trade war.
The shipper has begun preparing its fleet for the drydock and scrubber fitting program starting in Q3 2019.
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