2007 Results
TOP Tankers Announces Release of 3Q Results and Conference Call
TOP Tankers Inc (Nasdaq: TOPT) announced plans to release its third quarter 2007 results on Thursday, November 8, 2007, before market opening. That same day, at 11:00 AM EST, management will host a conference call, which will be broadcast live over the Internet.
Arlington Tankers Announces Unaudited 2Q 2007 Results
Arlington Tankers Ltd. announced financial results for the second quarter and the six months ended June 30, 2007. For the quarter ended June 30, 2007, the Company's total revenues were $17.8 million, consisting of $16.5m in basic vessel charter hire and $1.3 million in additional charter hire that the Company received under its profit sharing arrangements. On the basis of the second quarter results, Arlington's Board of Directors has declared a cash dividend of $0.59 per share
Excel Maritime Announces 1Q Results Release Date
Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced that on Tuesday, May 22, 2007, after the close of the market in New York it will release its results for the first quarter ended March 31, 2007. The next day, Wednesday, May 23, 2007 at 10:00 a.m. EDT, the company’s management will host a conference call to discuss the results.
Hornbeck Offshore Announces Second Quarter 2007 Results
Hornbeck Offshore Services, Inc. announced results for the second quarter ended June 30, 2007. Second quarter 2007 revenues were $75.1 million, up 6.2% from $70.7 million for the second quarter of 2006. Operating income was $33.9 million, or 45.1% of revenues, for the second quarter of 2007 compared to $32.7 million, or 46.3% of revenues, for the prior-year quarter. EBITDA for the second quarter of 2007 was $41
Stolt-Nielsen S.A. Reports 4Q and 2007 Results
Stolt-Nielsen S.A. reported results for the fourth quarter and full year ended November 30, 2007. The financial statements for the full year ended November 30, 2007 have been audited. Highlights for the fourth quarter and full year ended November 30, 2007, compared with the fourth quarter and full year ended November 30, 2006, included: • Operating revenue for the fourth quarter of $460.8 million, up 14% compared with same quarter last year
New Costa Cruise Ship: First Block Placed Down
Construction work begins in Fincantieri's Margher Shipyard on the cruise ship 'Costa Diadema'. Weighing in at 132,500 gross tonnage and with accommodation for a total of 4,947 guests, this will be the biggest Italian-flagged cruise ship afloat. She is the 10th Costa ship built by Fincantieri in Italy since 2000, with a total investment worth almost 5 billion euros. The building and fitting-out, which are due for completion at the end of October 2014, will employ around 3
Teekay Announces 2Q Results
Teekay Corporation (TK) plans to release its financial results for the second quarter of 2007 after market close on Wednesday, August 1, 2007. The Company plans to host a conference call on Thursday, August 2 to discuss the results for the quarter. All shareholders and interested parties are invited to listen to the live conference call through the Company’s web site.
Excel Maritime Announces 2Q Results
Excel Maritime Carriers Ltd an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargoes, announced today that on Monday, August 13, 2007, after the close of the market in New York it will release its results for the second quarter ended June 30, 2007. On August 14, the company’s management will host a conference call to discuss the results.
Omega Reports 2Q Results
Omega Navigation Enterprises, Inc., a provider of global marine transportation services focusing on product tankers, announced today its financial and operational results for the second quarter ended June 30, 2007. The company had previously announced the declaration of its quarterly cash dividend with respect to the second quarter of 2007 of $0.50 per share payable on August 31, 2007 to stockholders of record on August 17, 2007.
Smit Internationale NV Exceeds Record
Smit Internationale NV released the following financial updates: • Operating result for Harbour Towage increases, partly because of the extended interest in URS. • Commencement of new contracts leads to growth Terminals. • Result Salvage exceeds historical average. • Considerable increase result Transport. • Strongly improved result Heavy Lift in second half of the year.
PPG Adds to its Sigma Syladvance Range
PPG Protective and Marine Coatings (PPG) has launched Sigma Syladvance 700, a high performance antifouling designed specifically for ships working at medium to high rates of operation and medium speeds. Based on the Sigma Syladvance 800 premium antifouling product
Shipyard Arbitration Claim Favours Algoma Central
Algoma Central Corporation (Algoma) wins in its dispute with a Chinese shipyard at a London, UK, Arbitration Tribunal. The tribunal heard the shipbuilding contract dispute involving Algoma Tankers International Inc., a wholly owned subsidiary of Algoma Central Corporation, and found in its favour
Dan-Bunkering Relocates Danish Bunker Trader
The worldwide supplier of bunker fuels, A/S Dan-Bunkering Ltd. will shortly open another office – this time in Dubai. In this connection, Bunker Trader Anders Bønnelykke will relocate from Middelfart to join the new office.
AdvanFort President Addresses Ransom and Piracy
"The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime
Container Ship Sold by Greece's Goldenport
Container & dry bulk vessel operators, Goldenport Holdings, sells the 1993-built container vessel 'Bosporus'. The sale, to an unaffiliated third party, Liberty Resources Inc. of Nassau, Bahamas, was for a cash consideration of US$ 7.5 million.
Tankship Contract Cancelled by Bahri
Bahri subsidiary, National Chemical Carriers Ltd., cancels contract for chemical tanker (NCC Bader) due to the delay in terms of delivery. The National Shipping Company of Saudi Arabia (Bahri) announces that its 80% owned subsidiary company National Chemical Carriers Ltd. Co
ACP Commemorates 13 Years of Local Administration
The Panama Canal is celebrating 13 years under Panamanian administration. During this period, the Canal has strengthened its role in international commerce as a result of investment in the modernization of its infrastructure, its expansion and an alliance with its natural surroundings.
QE2 Future in Dubai on Hold
Dubai has cancelled plans to host over 160 events aboard the QE2, which is currently moored at Port Rashid, while the emirate plans how to dispose of the asset. Dubai has cancelled plans to host over 160 events aboard the QE2, the iconic cruise liner it bought for $100m in 2007 and which is
Momentum Engineering Achieves ISO & OHSAS Standards
Offshore & onshore drilling specialists Momentum awarded Environmental, Health & Safety management certifications. In a statement Momentum's Managing Directore Mr. James C. Larsen said: "We are honored to receive both [ISO 14001: 2004 and OHAS 18001:2007] qualifications: it not
Great Lakes Dredging Remains as a 2013 LCA Priority
The dredging crisis on the Great Lakes will again dominate Lake Carriers’ Association’s efforts in 2013. LCA’s 2012 Annual Report released today stressed that inadequate dredging took a real toll on Great Lakes shipping in 2012
Elliott Bay Design Group Celebrates 25 Years
After a quarter of a century, EBDG leads the U.S. ferry market and begins a new journey as a unique employee-owned company. Elliott Bay Design Group (EBDG) celebrates its 25th anniversary and a successful first year following a management buyout by nearly half its employees
MOL Safety Conference 2013 Held in Four Cities
Mitsui O.S.K. Lines, Ltd. (MOL) announced the presentation of the MOL Safety Conference 2013 at the following four cities around the world from mid-February through early March: February 13 Mumbai (India) 120
Canadian Ferry Association Joins Green Marine
The Canadian Ferry Operators Association (CFOA) announced its membership in Green Marine, a joint Canada-U.S. initiative aimed at improving the environmental performance of marine companies. Green Marine was founded in 2007 by major marine industry associations
LNG Main Pass Energy Hub Needed
Industry consortium wants to utilize McMoRan’s Main Pass Energy Hub™ (MPEH™) as a potential deepwater port facility. United LNG, LP, and Freeport-McMoRan Energy LLC (FME), a subsidiary of McMoRan Exploration Co, are engaged in efforts to utilize McMoRan’s Main Pass Energy
Concordia Releases 2013 Q1 Report
Concordia Maritime released its Interm Report 1, January 1 to March 31, 2013. Operating result of SEK 15.7 million Improved income for vessels on the spot market Strongest product tanker market since 2008 Total income, MSEK 127.9 EBITDA, MSEK 51.2