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Conducting an exercise (Workshop) on Search and Rescue (SAR) issues in Zakynthos
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Hellenic Coast Guard
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An impressive in terms of video content was shown in the second part of the annual regular general assembly of the Hellenic Shipowners' Association last Wednesday before its President Melina Traulou introduced the Union's guest of honor, Secretary General of the International Maritime Organization, Arsenio Dominguez.
The video described with numbers the current picture of the Greek-owned merchant fleet.
With the hashtag #PontoporosProtoporos, the video stated, among other things, that the Greek shipping company controls:20% of global capacity
23% of LNG carriers
30% of the world tanker fleet
25% of the world's dry bulk fleetThe Greek-owned fleet includes:
2602 Bulk carriers
507 Chemical & product tankers
910 Oil tankers
147 LNG carriers
163 LPG carriers
504 Containerships
229 General cargo ships
71 Vehicles carriersGreek shipping maintains a leading position in Europe as well as controls
60% of the capacity of European Shipping
75% of tankers controlled by the European Union (EU)
80% of dry bulk vessels controlled by the EU
82% of LNG carriers controlled by the EUPioneer
Greek shipping is a pioneer as it is the #1 largest fleet operating on alternative fuels
6.7% of the Greek-owned fleet is able to dual-fuel with LNG, while the global fleet figure is 5.3%
is #2 largest SOx scrubber-fitted fleet
36% of the Greek-owned new tankers to be delivered (orderbook) will be equipped with sulfur oxide cleaning systems, while the percentage of the global fleet is 24%
35% of the Greek-owned fleet is equipped with energy-saving technologies, while the percentage of the global fleet is 23%Shipping + society always together
At the same time, the video presents a part of the social contribution of Greek shipping
130+ million euros in Greek society (2013-2023)
80+ million euros of social contribution
50+ million euros for the affected areas of Thessaly
100+1 scholarships for the academic year 2023-2024 -
Video about the leading role of Cyprus in international shipping
The Deputy Ministry of Shipping aims to cultivate maritime awareness in civil society, which published a video highlighting the quality characteristics of Cypriot shipping.
Through the video, the dynamics and quality characteristics of Cypriot shipping are presented, which ranks 11th worldwide and 3rd in the EU, with more than a thousand ships under the Cypriot flag.
According to the Deputy Ministry of Shipping, it becomes an absolute necessity to constantly inform the potential human resources about employment prospects in the sector.
Finally, the goal of the Deputy Ministry is for the message to reach as many of our fellow citizens as possible so that they can experience the real dynamics of an intelligent, sustainable and extroverted local industry.
Intel shares rose 7% in extended trading Thursday after the chipmaker reported better-than-expected earnings and issued quarterly guidance that topped estimates.
Here’s how the company did in comparison with LSEG consensus:
Earnings per share: 17 cents adjusted vs. loss of 2 cents expected
Revenue: $13.28 billion vs. $13.02 billion expected
Intel’s revenue declined 6% year over year in the fiscal third quarter, which ended Sept. 28, according to a statement. The company registered a net loss of $16.99 billion, or $3.88 per share, compared with net earnings of $310 million, or 7 cents per share, in the same quarter a year ago.
As part of a cost reduction plan, Intel recognized $2.8 billion in restructuring charges during the quarter. There was also $15.9 billion in impairment charges tied in part to accelerated depreciation for Intel 7 process node manufacturing assets and goodwill impairment in the Mobileye unit.
The company is carrying out one of the most seminal restructuring processes since its establishment in 1968, CEO Pat Gelsinger said on a conference call with analysts.
Intel said in a filing that on Oct. 28, the board’s audit and finance committee approved cost and capital reduction activities, including lowering head count by 16,500 employees and reducing its real estate footprint. The job cuts were originally announced in August. Restructuring should be done by the fourth quarter of 2025, Intel said.
The company has been mired in an extended slump due to market share losses in its core businesses and an inability to crack artificial intelligence. Intel revealed plans during the quarter to turn the company’s foundry business into an independent subsidiary, a move that would enable outside funding options.
CNBC reported that Intel had engaged advisors to defend itself against activist investors. In late September, news surfaced that Qualcomm
reached out to Intel about a possible takeover.
The Client Computing Group that sells PC chips recorded $7.33 billion in fiscal third-quarter revenue, down about 7% from a year earlier and below the $7.39 billion consensus among analysts surveyed by StreetAccount.
Customers drew down their inventories in the quarter after dealing with supply shortages.
“We anticipate inventory normalization will continue through the first half of next year,” Dave Zinsner, Intel’s finance chief, said on the call.
Revenue from the Data Center and AI segment came to $3.35 billion, which was up about 9% and more than the $3.17 billion consensus from StreetAccount.
Intel called for fiscal fourth-quarter adjusted earnings of 12 cents per share and revenue between $13.3 billion and $14.3 billion. Analysts had expected 8 cents in adjusted earnings per share and $13.66 billion in revenue.
During the quarter, Intel announced the launch of Xeon 6 server processors and Gaudi AI accelerators. Uptake of Gaudi has been slower than Intel anticipated and the company will not reach its $500 million revenue target for 2024, Gelsinger said on the call.
As of Thursday’s close, Intel shares were down about 57% in 2024, while the S&P 500 had gained 20%.
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