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Bourbon Q1 Sales Increase 5/9/2008 8:58:04 AM Bourbon SA said sales jumped 21.4 percent to 211.7 million euros in the first quarter from 174.4 million a year ago, equal to 34.5 percent growth at constant exchange rates, spurred by sharp increases at both its main divisions, offshore and bulk. In the offshore business, sales climbed 23.4 percent to 136... TEN to Announce First Quarter Results 5/9/2008 7:53:08 AM Tsakos Energy Navigation Ltd. (TEN) will report earnings for the first quarter of 2008 prior to the open of the market on Wednesday, May 21, 2008. That same morning, at 10:00 a.m. Eastern Time, TEN will also host a conference call to review the results as well as management's outlook for the business... Omega Revises the Record Date of its First Quarter 5/8/2008 4:54:27 PM Omega Navigation Enterprises, Inc. announced  that due to a Singapore public holiday on May 19, 2008 the Company is changing the record date pertaining to its first quarter dividend of $0.50 per share to May 20th, 2008. The Company previously announced that its Board of Directors declared... Uncle Sam Unveils Two New Economic Incentives 5/8/2008 10:43:36 AM Two significant new financial management tools were recently unveiled by the Federal government in one highly visible piece of legislation, and each can significantly change the way that you do business.  Both have the promise to stimulate business growth while adding to a company’s bottom line... ST Engineering's 1Q Profits Rise 5/8/2008 9:43:05 AM Singapore Technologies Engineering said that the company's profits rose 13 percent in the first quarter, thanks to higher profits from aerospace and defense work, while shipbuilding revenue and profits were flat. Overall profits for the period were $122.5 million Singapore, or about $90 million, up from $108... ACL Announces First Quarter Results 5/7/2008 10:31:22 AM American Commercial Lines Inc. (ACL) announced results for the first quarter ended March 31, 2008. Revenues for the quarter were $270.5 million, an 18.5% increase compared with $228.2 million for the first quarter of 2007. Net income for the quarter was $2.3 million or $0.05 per diluted share, compared to a net loss of $1... Hornbeck Offshore Q1 Profit Up 5/1/2008 9:05:18 AM Hornbeck Offshore Services Inc., posted higher quarterly earnings, but missed market expectations, even as it reaffirmed its full-year earnings outlook, Reuters reported. Hornbeck, earned $23.1m, or 86 cents a share, compared with $17.5m, or 67 cents a share, a year ago.  Revenue rose 43 percent to $97... Seoul Stocks Close Lower as Shipbuilders Fall 4/30/2008 10:09:31 AM Foreigners bought a net 58 billion won worth of shares listed on the main board, and local institutions sold a net 135b. Local retail investors bought a net 69 billion won, Reuters reported. Decliners outnumbered advancers by 455 to 318, with 82 titles ending unchanged.  Trade volume stood... Tognum Has a New Major Shareholder 4/30/2008 9:58:02 AM Tognum AG has been informed by the private equity group EQT that it has sold its remaining approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board approved the acquisition of this shareholding... Arlington Tankers Reports Loss in Q1 4/24/2008 3:56:06 PM Arlington Tankers Ltd. (ATB), a sea borne transporter of crude oil and petroleum products, announced first quarter financial results, reporting a net loss, reversing a profit in the year-ago quarter. The Hamilton, Bermuda-based company's first quarter non-GAAP net income declined to $4.64m or $0... Northrop Grumman 1Q Profit Tops Estimates 4/24/2008 10:48:25 AM According to reports, Northrop Grumman Corp. reported first-quarter earnings from continuing operations of $263m, or 76 cents a share, including a pretax charge of $326m, or 61 cents a share, related to the cost growth and schedule extension in the company's LHD-8 amphibious assault ship program. Revenue for the March quarter rose 6% to $7... India Loses $12b on Higher Transaction Costs 4/22/2008 10:27:46 AM India loses about $12b each year because of higher transaction costs at its ports, according to MM Saggi, nautical adviser to the government of India. Saggi told an industry conference that the transaction costs at Indian ports is about 10 percent, compared to 6 percent in developed countries,... Goldman Sachs to Handle Daewoo Sale 4/21/2008 10:48:08 AM Goldman Sachs was picked to manage the sale of Daewoo Shipbuilding and Marine Engineering Co Ltd., according to a Reuters report, kicking off a deal expected to attract in excess of $4b. The sale is poised to become the biggest M&A transaction in South Korea this year, as the state-run Korea... Ulstein Posts Profit Results 4/18/2008 10:09:36 AM 2007 was a hectic year for the Ulstein Group, with all of its companies running at full capacity. The Group had NOK 1.97 billion in turnover and an operating profit of NOK 194 million, the best cumulative profit result since 1999. In recent years the Ulstein Group has spent a great deal of time developing new products and work processes... EUKOR Contract Extended 4/17/2008 11:06:22 AM Wilh. Wilhelmsen ASA's (WW) partly owned Korean shipping company EUKOR Car Carriers has agreed with Hyundai Motor Company (HMC) and Kia Motors Corporation (KMC) to extend the freight agreement entered into in 2002 when EUKOR was established. EUKOR is owned by WW and Wallenius Lines (40% each) and HMC and KMC (20%)... Georgiopoulos Launches Green Maritime Partners 4/15/2008 12:13:55 PM Peter C. Georgiopoulos launched Green Maritime Partners, LLC (GMP), a private equity fund targeting environmentally sustainable investments within the maritime and clean energy sectors.  “Environmental reform in the maritime industry is becoming a critical issue.  GMP also intends... Quintana Shareholders Approve Excel Merger 4/15/2008 8:09:10 AM Excel Maritime Carriers Ltd. (NYSE: EXM) and Quintana Maritime Limited (NASDAQ: QMAR) jointly announced that at a special meeting of Quintana’s shareholders held April 14, 2008, Quintana’s shareholders voted to approve the merger agreement pursuant to which Excel will acquire Quintana. Under... Moore Stephens Offers Financial Services for Superyacht Crew 4/10/2008 10:33:31 AM   Moore Stephens Yachting now provides financial advice and services to yacht crew, ranging from offshore bank accounts to pensions.  For over 100 years, Moore Stephens has a long-standing reputation in the global shipping industry.  Moore Stephens Isle of Man has been active... Seaspan Announces $235.3m in Debt Financing 4/7/2008 9:49:30 AM Seaspan Corporation has entered into a credit agreement for a term loan facility in the amount of $235.3m to finance the acquisition of two of its previously acquired 13100 TEU vessels. The facility has been fully underwritten by Sumitomo Mitsui Banking Corporation at a weighted average rate of 0.70% over LIBOR... Conrad Announces 2007 Results and Share Repurchase Program 4/1/2008 10:28:25 AM Conrad Industries, Inc. announced its 2007 results and a new $10 million stock repurchase program. For the year ended December 31, 2007, Conrad achieved net income of $19.2 million and earnings per diluted share of $2.63. The Company’s Annual Report for 2007 is available at ww.pinksheets... 1 2 3 4 5 6 7 8 9 10 ...