Latest news with #throughput
Arab News
5 days ago
- Business
- Arab News
Saudi ports post 12% rise in July container volumes
RIYADH: Saudi Arabia's ports handled 722,502 twenty-foot equivalent units in July, marking a 12.01 percent year-on-year increase as infrastructure upgrades and expanded logistics services boosted throughput. According to the Saudi Ports Authority, also known as Mawani, the gain was led by a 35.34 percent jump in transshipment volumes to 175,666 TEUs, while export containers climbed 12.86 percent to 275,098 TEUs. Imports recorded a modest 0.10 percent rise to 271,738 TEUs. The July performance follows strong growth in May, when Saudi ports handled 720,684 TEUs, up 13 percent year on year. The uptick in activity supports the goals of Saudi Arabia's National Transport and Logistics Strategy, which aims to position the Kingdom as a global logistics hub under Vision 2030. In a release, Mawani stated: 'These increases reflect the expansion of trade exchange with global markets, the stimulation of sectors related to maritime transport, the enhancement of supply chain efficiency, the growth of maritime activity, the support of the Kingdom's food security, the expansion of economic activity, and the creation of jobs.' Total cargo tonnage, comprising general cargo, dry and liquid bulk, grew 2.81 percent to 21.1 million tonnes from 20.6 million tonnes a year earlier. General cargo reached 461,958 tonnes, dry bulk 4 million tonnes, and liquid bulk 16.6 million tonnes. Livestock imports climbed 13.18 percent to 582,708 head. The number of ships calling at Saudi ports rose 11.27 percent to 1,017, passenger traffic grew 41.70 percent to 73,953, while vehicle volumes fell 22.66 percent to 69,969 units. Maritime traffic expanded by 11.27 percent to 1,017 ships from 914 ships last year. Passenger numbers climbed 41.70 percent to 73,953 compared to 52,191 a year earlier, while vehicle volumes fell 22.66 percent to 69,969 units. In August, Mawani signed an SR500 million ($133.2 million) contract with Petrotank to establish an integrated marine bunkering hub at King Fahad Industrial Port in Yanbu, a project aimed at enhancing fuel storage and bunkering capacity, attracting more vessels, and boosting the competitiveness of Saudi ports. Spanning 110,700 sq. meters and operating under a 20-year lease, the facility will boost fuel and oil storage capacity, increase vessel traffic, and strengthen the Kingdom's competitiveness in global shipping.
Yahoo
28-07-2025
- Business
- Yahoo
Gibson Energy Reports 2025 Second Quarter Results, Including Record Volumes at Gateway Following Dredging Completion
All financial figures are in Canadian dollars unless otherwise noted CALGARY, Alberta, July 28, 2025 (GLOBE NEWSWIRE) -- Gibson Energy Inc. (TSX:GEI) ("Gibson" or the "Company") announced today its financial and operating results for the three and six months ended June 30, 2025. Key Highlights: Generated strong Infrastructure Adjusted EBITDA(1) of $153 million, underscoring the excellent performance of our core business despite planned downtime associated with replacement and growth capital projects Completed the Gateway dredging project safely, on time and within budget, immediately boosting throughput and setting new monthly and quarterly volume records Executed major turnarounds at both the Moose Jaw Facility and the Hardisty Diluent Recovery Unit on time and under budget with zero recordable injuries Realized recurring and non-recurring cost savings of approximately $9 million in the quarter, increasing DCF per share in the second quarter by $0.05, or 12%, and are on track to exceed the overall target of $25 million Surpassed 9.5 million hours without a lost-time injury, reinforcing our strong safety culture Following the quarter, Morningstar DBRS reaffirmed Gibson's Investment Grade credit rating at BBB (low) 'This quarter marked a key step on delivering the growth potential at Gateway,' said Curtis Philippon, President & Chief Executive Officer. 'We completed the dredging project, unlocking immediate operational benefits and increasing average throughput at the terminal by approximately 20%, helping us achieve a record-setting quarter. I am also especially proud of our team's preparation and execution of the two major turnarounds. The safe and efficient execution of those projects set us up for a strong quarter and will provide additional capabilities going forward.' Financial Highlights: Infrastructure Adjusted EBITDA(1) of $153 million in the second quarter, in line with the second quarter of 2024, primarily due to increased throughput at Edmonton and Gateway, and lower operating and other costs, partially offset by lower volume at Hardisty, and the disposal of non-core assets in the prior period Marketing Adjusted EBITDA(1) of $8 million in the second quarter reflecting tight commodity differentials, limited storage opportunities, and the impact of a planned turnaround at Moose Jaw Adjusted EBITDA(1) on a consolidated basis of $146 million in the second quarter, a $13 million decrease from the second quarter of 2024, primarily due to lower contributions from the Marketing segment and the other factors impacting segment EBITDA noted above Net income of $61 million in the second quarter, a $3 million decrease from the second quarter of 2024, primarily due to the impact of items affecting segment EBITDA noted above, unrealized gains in relation to corporate financial instruments and lower general and administrative costs driven by executive transition and restructuring costs in the prior period Distributable Cash Flow(1) of $81 million in the second quarter, a $20 million decrease from the second quarter of 2024, primarily due to the factors contributing to lower Adjusted EBITDA as noted above and higher replacement capital expenditures Dividend Payout ratio(2) on a trailing twelve-month basis of 83%, modestly above the 70% – 80% target range. This elevation is expected to be temporary and improve in the second half of the year as Marketing performance stabilizes and the full benefits of the dredging and Cactus II connection projects are realized Net debt to Adjusted EBITDA(2) ratio of 4.0x at June 30, 2025 compared to 3.5x at June 30, 2024, reflecting higher capital spend and lower Marketing contributions. Leverage is expected to normalize in the first half of 2026 Strategic & Business Developments: Completed the Gateway dredging project safely, on time and on budget, making Gateway one of only two Texas terminals capable of loading up to 1.6 million barrels on a VLCC and fully loading a Suezmax vessel Appointed Dave Gosse as Senior Vice President and Chief Operating Officer, effective May 20, 2025 In June, 2025, the Company amended and extended its unsecured revolving credit facility to June 2030, improving long-term liquidity and enhancing financial flexibility The Board approved a quarterly dividend of $0.43 per common share, payable on October 17, 2025, to shareholders of record at the close of business on September 30, 2025 Subsequent to the quarter, Morningstar DBRS confirmed Gibson's credit rating at BBB (low) with stable trends Subsequent to the quarter, the Company settled its $325.0 million senior unsecured notes at maturity (1) Adjusted EBITDA and distributable cash flow are non-GAAP financial measures. See the 'Specified Financial Measures' section of this release.(2) Net debt to adjusted EBITDA ratio and dividend payout ratio are non-GAAP financial ratios. See the 'Specified Financial Measures' section of this release. Management's Discussion and Analysis and Financial StatementsThe 2025 second quarter Management's Discussion and Analysis and unaudited Condensed Consolidated Financial Statements provide a detailed explanation of Gibson's financial and operating results for the three and six months ended June 30, 2025, as compared to the three and six months ended June 30, 2024. These documents are available at and on SEDAR+ at Earnings Conference Call & Webcast DetailsA conference call and webcast will be held to discuss the 2025 second quarter financial and operating results at 7:00am Mountain Time (9:00am Eastern Time) on Tuesday, July 29, 2025. To register for the call, view dial-in numbers, and obtain a dial-in PIN, please access the following URL: Registration at least five minutes prior to the conference call is recommended. This call will also be broadcast live on the Internet and may be accessed directly at the following URL: The webcast will remain accessible for a 12-month period at the above URL. Supplementary InformationGibson has also made available certain supplementary information regarding the 2025 second quarter financial and operating results, available at About Gibson Gibson is a leading liquids Infrastructure company with its principal businesses consisting of the storage, optimization, processing, and gathering of liquids and refined products, as well as waterborne vessel loading. Headquartered in Calgary, Alberta, the Company's operations are located across North America, with core terminal assets in Hardisty and Edmonton, Alberta, Ingleside and Wink, Texas, and a facility in Moose Jaw, Saskatchewan. Gibson shares trade under the symbol GEI and are listed on the Toronto Stock Exchange. For more information, visit Forward-Looking StatementsCertain statements contained in this press release constitute forward-looking information and statements (collectively, forward-looking statements). All statements other than statements of historical fact are forward-looking statements. The use of any of the words ''anticipate'', ''plan'', ''contemplate'', ''continue'', ''estimate'', ''expect'', ''intend'', ''propose'', ''might'', ''may'', ''will'', ''shall'', ''project'', ''should'', ''could'', ''would'', ''believe'', ''predict'', ''forecast'', ''pursue'', ''potential'' and ''capable'' and similar expressions are intended to identify forward looking statements. The forward-looking statements reflect Gibson's beliefs and assumptions with respect to, among other things, the Company's ability to exceed its cost savings target; the temporary nature of the Company's Dividend Payout ratio and its future expectations for same; stabilization of Marketing performance; future expectations of leverage; continued growth; the future benefits to be realized by the Company's dredging project, facility turnarounds, and connection of the Cactus II pipeline to Gateway; and the Company's long-term liquidity and financial flexibility. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. No assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release. The Company does not undertake any obligations to publicly update or revise any forward-looking statements except as required by securities law. Actual results could differ materially from those anticipated in these forward-looking statements as a result of numerous risks and uncertainties including, but not limited to, the risks and uncertainties described in 'Forward-Looking Information' and 'Risk Factors' included in the Company's Annual Information Form dated February 18, 2025, and Management's Discussion and Analysis dated July 28, 2025, as filed on SEDAR+ and available on the Gibson website at For further information, please contact: Investor Relations (403) Media Relations(403) 476-6334 communications@ Specified Financial Measures This press release refers to certain financial measures that are not determined in accordance with GAAP, including non-GAAP financial measures and non-GAAP financial ratios. Readers are cautioned that non-GAAP financial measures and non-GAAP financial ratios do not have standardized meanings prescribed by GAAP and, therefore, may not be comparable to similar measures presented by other entities. Management considers these to be important supplemental measures of the Company's performance and believes these measures are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in industries with similar capital structures. For further details on these specified financial measures, including relevant reconciliations, see the "Specified Financial Measures" section of the Company's MD&A for the three and six months ended June 30, 2025 and 2024, which is incorporated by reference herein and is available on Gibson's SEDAR+ profile at and Gibson's website at . a) Adjusted EBITDA Noted below is the reconciliation to the most directly comparable GAAP measures of the Company's segmented and consolidated adjusted EBITDA for the three and six months ended June 30, 2025, and 2024: Three months ended June 30, Infrastructure Marketing Corporate and Adjustments Total ($ thousands) 2025 2024 2025 2024 2025 2024 2025 2024 Segment profit 156,640 150,632 9,068 35,827 — — 165,708 186,459 Unrealized (gain) loss on derivative financial instruments (5,225) 1,150 (1,409) (16,126) — — (6,634) (14,976) General and administrative — — — — (13,017) (16,996) (13,017) (16,996) Adjustments to share of profit from equity accounted investees 1,174 1,424 — — — — 1,174 1,424 Executive transition and restructuring costs — — — — — 3,279 — 3,279 Renewable power purchase agreement — — — — (816) — (816) — Adjusted EBITDA 152,589 153,206 7,659 19,701 (13,833) (13,717) 146,415 159,190Six months ended June 30, Infrastructure Marketing Corporate and Adjustments Total ($ thousands) 2025 2024 2025 2024 2025 2024 2025 2024 Segment profit 310,719 296,295 22,928 55,208 — — 333,647 351,503 Unrealized (gain) loss on derivative financial instruments (5,680) 5,299 (15,155) (1,909) — — (20,835) 3,390 General and administrative — — — — (27,340) (38,916) (27,340) (38,916) Adjustments to share of profit from equity accounted investees 2,347 2,905 — — — — 2,347 2,905 Executive transition and restructuring costs — — — — 2,405 10,414 2,405 10,414 Renewable power purchase agreement — — — — (1,622) — (1,622) — Other — — — — — — — — Adjusted EBITDA 307,386 304,499 7,773 53,299 (26,557) (28,502) 288,602 329,296 Three months ended June 30, ($ thousands) 2025 2024 Net Income 60,699 63,332 Income tax expense 20,097 19,177 Depreciation, amortization, and impairment charges 42,993 43,732 Finance costs, net 34,577 36,337 Unrealized (gain) loss on derivative financial instruments (6,634) (14,976) Unrealized (gain) on renewable power purchase agreement (14,531) (835) Share-based compensation 4,594 5,347 Acquisition and integration costs — 66 Adjustments to share of profit from equity accounted investees 1,174 1,424 Corporate foreign exchange loss and other 3,446 2,307 Executive transition and restructuring costs — 3,279 Adjusted EBITDA 146,415 159,190 Six months ended June 30, ($ thousands) 2025 2024 Net Income 110,652 103,821 Income tax expense 34,141 31,632 Depreciation, amortization, and impairment charges 85,525 87,163 Finance costs, net 68,235 71,740 Unrealized (gain) loss on derivative financial instruments (20,835) 3,390 Unrealized (gain) loss on renewable power purchase agreement (7,744) 8,641 Share-based compensation 7,722 10,411 Acquisition and integration costs — 1,371 Adjustments to share of profit from equity accounted investees 2,347 2,905 Corporate foreign exchange loss and other 6,154 (2,192) Executive transition and restructuring costs 2,405 10,414 Adjusted EBITDA 288,602 329,296 b) Distributable Cash Flow The following is a reconciliation of distributable cash flow from operations to its most directly comparable GAAP measure, cash flow from operating activities: Three months ended June 30, Six months ended June 30, ($ thousands) 2025 2024 2025 2024 Cash flow from operating activities 99,380 (66,449) 221,232 126,384 Adjustments: Changes in non-cash working capital and taxes paid 42,935 219,722 58,352 193,644 Replacement capital (14,655) (6,865) (20,463) (11,237) Cash interest expense, including capitalized interest (32,379) (34,482) (63,928) (68,360) Acquisition and integration costs (1) — 66 — 1,371 Executive transition and restructuring costs (1) — 3,232 2,405 3,232 Lease payments (6,778) (8,000) (13,095) (16,034) Current income tax (7,223) (5,739) (12,449) (13,051) Distributable Cash Flow 81,280 101,485 172,054 215,949Twelve months ended June 30, ($ thousands) 2025 2024 Cash flow from operating activities 693,302 472,001 Adjustments: Changes in non-cash working capital and taxes paid (145,934) 139,711 Replacement capital (45,213) (34,339) Cash interest expense, including capitalized interest (129,904) (135,106) Acquisition and integration costs (1) — 23,413 Executive transition and restructuring costs (1) 16,142 3,232 Lease payments (27,302) (34,237) Current income tax (29,716) (22,828) Distributable Cash Flow 331,375 411,847 c) Dividend Payout Ratio Twelve months ended June 30, 2025 2024 Distributable cash flow 331,375 411,847 Dividends declared 274,372 259,364 Dividend Payout ratio 83% 63% d) Net Debt to Adjusted EBITDA Ratio Twelve months ended June 30, 2025 2024 Current and long-term debt 2,704,585 2,742,549 Lease liabilities 55,120 55,362 Less: unsecured hybrid debt (450,000) (450,000) Less: cash and cash equivalents (41,570) (48,994) Net debt 2,268,135 2,298,917 Adjusted EBITDA 569,448 648,577 Net Debt to Adjusted EBITDA ratio 4.0 3.5 Sign in to access your portfolio
Zawya
24-07-2025
- Business
- Zawya
93% warehouses prioritise throughput as key to ROI, says report
A new global report from AutoStore, analyzed by Swisslog, reveals that 93% of supply chain leaders rate improving throughput as a top warehouse priority in 2025, with nearly all surveyed (97%) having implemented some form of automation to date. With the Middle East logistics market set to double this year since 2020, the findings underscore the growing urgency for businesses to optimize automation and software capabilities to unlock higher performance and faster returns on investment. The State of Warehouse Management and Fulfillment 2025 report surveyed over 300 global executives with supply chain responsibility, benchmarking automation trends, and identifying key operational priorities. Swisslog, a leading AutoStore integrator, examined the findings with a focus on how advanced warehouse execution and automation control software, such as Swisslog's SynQ platform, can drive meaningful improvements in the metrics that matter most to regional businesses. Key highlights from the report include: ●Throughput performance surges in priority: Improving throughput rose from the 8th highest priority in 2024 to 4th in 2025, with 93% of respondents citing it as 'very' or 'extremely important.' ●Near-universal adoption of automation: 97% of warehouses have already implemented some form of automation, yet nearly half (48%) report being less than 50% automated, highlighting significant room for growth. ●Software-driven optimization: Advanced automation control software can unlock up to 20% increases in bin retrieval speeds by optimizing bin selection and order batching. ●Integration is critical: As automation levels expand, seamless software integration across multiple systems becomes vital to prevent operational complexity and ensure data-driven performance improvements. The report also highlights how flexibility in automation software enables businesses to adapt to evolving customer demands, streamline omnichannel fulfillment, and maximize both throughput and storage density. Commenting on the findings, Rami Younes, General Manager at Swisslog Middle East, said: "This year's report makes it clear: automation alone is no longer enough. Businesses that want to stay competitive must also focus on software that enhances performance and integrates seamlessly across technologies." "In the Middle East, where we're seeing fast growth in omnichannel retail and an e-commerce sector projected to reach $50 billion by 2025, the pressure to improve throughput, maximize density, optimize order fulfilment and adapt to demand spikes is mounting. Software is the key enabler of these capabilities," he added. The report also warns of the risks of fragmented automation systems, which can lead to inefficiencies and limit the value of operational data. Swisslog's SynQ platform addresses this by providing a single, unified software solution to manage and optimize automation assets. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Reuters
22-07-2025
- Business
- Reuters
Rotterdam port throughput down 4.1% in first half of 2025
AMSTERDAM, July 22 (Reuters) - Throughput at the Port of Rotterdam, Europe's largest sea port, was down 4.1% in the first half of 2025, it said on Tuesday, with dry bulk falling 8.9% and wet bulk down by 5.3%. Overall volumes stood at 211 million metric tons in the first six months of 2025 compared with 220 million tons a year ago. "The lack of investment in the industry by the market is a cause for concern for the port authority," the Port of Rotterdam said in a statement. "Although the government has taken positive steps recently to bring the playing field for Dutch industry more in line with that of neighbouring countries, additional measures are necessary." The port authority said its revenues nonetheless rose by 5.2% during the first half of the year to 462.3 million euros ($540.75 million), adding that this was mainly due to inflation and a "balance of various new and expiring contracts". The company's earnings before interest, taxes, depreciation and amortisation increased by 1.1% to 295 million euros while net income fell by 3.2% to 143.6 million. ($1 = 0.8549 euros)
Crypto Insight
21-07-2025
- Business
- Crypto Insight
Ethereum is scaling: TPS, gas limit up as validators back 45M target
Ethereum's throughput ticked up on Sunday as more validators signalled their support for increasing Ethereum's gas limit to 45 million units, which will reduce transaction fees and enable improved network scaling. Ethereum's gas limit rose to over 37.3 million units on Sunday, according to Etherscan, up almost 3% from levels late last week, while several blocks were proposed with higher gas limits. The latest gas limit increase represents the first significant climb since February, when it was raised from 30 million to 36 million. Improved transaction throughput Higher gas limits mean more transaction throughput on Ethereum's layer-1 network, and validators can automatically adjust the limit by about 0.1% per block when they signal support for changes. Ethereum throughput ticked up to just below 18 transactions per second over the weekend, according to Chainspect. It has also risen since the last gas limit increase when TPS was around 15. Validators agree to 'pump the gas' The weekend gas limit increase came as nearly half of all staked Ether is now signaling support to raise the gas limit to 45 million or higher through a grassroots 'pump the gas' campaign. 'Almost exactly 50% of stake are voting to increase the L1 gas limit to 45 million,' observed Vitalik Buterin on Sunday. Currently, 47.2% of staked validators are in favor of higher gas limits, according to Pump the gas The gas limit refers to the maximum amount of gas spent on executing transactions or smart contracts in each block. Gas is the Ether fee required to conduct a transaction or execute a smart contract on the network. Ethereum developers launched the 'pump the gas' campaign in March 2024 to initially raise the Ethereum gas limit from 30 million to 40 million, which they claimed would reduce transaction fees on layer 1. Buterin noted that recent Geth, the most popular Ethereum node client, team improvements make these scale increases safer with new archive node optimizations. Ether activity and price continue higher Ethereum network activity has also increased in recent months, with an uptick in daily transactions from around 1.1 million in April to current levels around 1.4 million, according to Etherscan. The uptick in network activity has correlated with an increase in price, with the asset gaining a whopping 54% over the past month. Ether topped $3,800 briefly in a seven-month high on Sunday as corporate treasuries and exchange-traded funds continue to load up. Source:
