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Earnings Release

Hornbeck Offshore to Announce 2Q Results

Hornbeck Offshore Services, Inc. announced that its second quarter 2002 earnings release will be issued before the market opens on Tuesday, August 6, 2002. The company will hold a conference call to discuss these results at 10:00 a.m. (Central Daylight Time) on Tuesday, August 6, 2002. To participate in the call, callers in the United States/Canada can dial toll-free (800) 642-9816 and international callers can dial (706) 679-3206. The conference ID for all callers is 5034115. An archived version of the call will be available for replay beginning at 1:00 p.m. (Central Daylight Time) Tuesday, August 6, 2002 and ending at midnight Tuesday, August 13, 2002. To access the replay, the toll-free number for callers in the United States is (800) 642-1687 while the number for international callers is (706) 645-9291. The conference ID for all callers is 5034115.


Petroleum Geo-Services Q2 Performance Likely to be Weaker

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  Oslo, Norway, Petroleum Geo-Services ASA (PGS) will present second quarter results on July 24, 2014. The Company expects to report weaker Q2 results than current market expectations.   Customers' intentions with regard to seismic purchases, particularly MultiClient, have become less predictable recently. Accordingly, and considering the Q2 results, PGS lowers its full year EBITDA guidance to circa $850 million


Stolt-Nielsen to Release 2Q Results

Stolt-Nielsen S.A. will release its second quarter results on Thursday, July 10th, 2003. A conference call will be held to discuss the earnings and review of business operations on Thursday, July 10th, 2003. The date for release of second quarter 2003 results has been delayed to permit Stolt Offshore S.A., a subsidiary of Stolt-Nielsen S.A., to discuss the major items of the Stolt Offshore S.A. Blueprint for financial recovery during Stolt Offshore S.A. investor conference call.


Crude Carriers Corp. Q4 Report & Divident

Highlights: · Declared a cash dividend of $0.30 per share for the fourth quarter of 2010 · Reported fourth quarter net profit of $2.4 million or $0.15 per share (‘EPS’). · Earned average Time Charter Equivalent (‘TCE’) of $26,575 per day for the two Very Large Crude Carriers (‘VLCCs’) and $23,826 per day for the three Suezmaxes in the Company’s fleet.  


Paragon Shipping Announces Date For Q1

paragonship.bmp

Earnings Release: Thursday, May 26, 2011, After Market Close Conference Call and Webcast: Friday, May 27, 2011, at 10:00am EDT Paragon Shipping Inc. (NYSE: PRGN), a global shipping transportation company specializing in drybulk cargoes, announced today that it will release its results for the first quarter ended March 31, 2011, after the market closes in New York on Thursday, May 26, 2011. Paragon’s management team will host a conference call to discuss the Company's financial


Norec Summons to bondholders' meetings

  In the previous stock exchange notices where Norwegian Energy Company ASA has informed of expected impairments of Oselvar and Huntington and negative developments in production performance, including its announcement on 19 November 2014 where it was reported that deferral of certain bond payments due on 9 December 2014 would need to be obtained. As also stated in connection with its Q3 earnings release on 28 November 2014


Boomtown Barge Headed for Repairs

According to reports, Tugboats began towing Boomtown Casino's gambling barge to a dry dock in Pascagoula. The repairs at Signal International should take about three weeks, company officials said. Penn National Gaming, which owns Boomtown and Casino Magic Bay St. Louis, has committed to rebuild its Coast properties. Company executives are expected to release more information this week when they issue a quarterly earnings report and host a conference call.


ACL Lowers Earnings Guidance, Approves a $200m Stock Buyback Program

American Commercial Lines Inc. (ACL) announced that it is lowering its earnings guidance for the year ending December 31, 2007 to $1.45 to $1.65 in earnings per share for 2007 versus the current street consensus of $1.84. The Company’s previous guidance for 2007 was $1.75 to $1.95. The lowered guidance is driven primarily by the further weakness in the spot grain markets over first quarter levels and lower than planned productivity levels in the manufacturing segment during the second


Stolt Offshore to Release Q4 and FY03 Results

Stolt Offshore S.A. will release its fourth quarter and full year 2003 results on Wednesday February 18, 2004. A conference call will be held to discuss the earnings and review business operations on Wednesday, February 18, 2004 at 2.00pm GMT.


Nordic American Tankers Declares Dividend

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  The Board of Nordic American Tankers Limited has declared a cash dividend of $0.38 per share to shareholders of record October 29, 2015. The dividend is expected to be paid on or about November 12, 2015.   The 3Q2015 earnings report is expected to be released Wednesday November 11, 2015 before NYSE opening.  


ClarkSea Index Competition: Beware The Traps!

Graph: Clarksons Research

 The predictions of the value of the ClarkSea Index are always illuminating, indicating how market watchers feel the shipping markets may pan out in the coming year, as well as shedding light on how well they have fared in avoiding potential forecasting ‘traps', says Clarksons Research


Dynagas LNG Q3 Results

Photo: Dynagas LNG Partners

 Dynagas LNG Partners LP (DLNG) has reported third-quarter profit of $17.3 million.     On a per-share basis, the company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs, came to 49 cents per share.  


Eimskip Acquires Nor Lines

Photo: Nor Lines

 Iceland-based Eimskip has agreed to acquire Norwegian shipping and logistics company Nor Lines. According to Eimskip, the operation of Nor Lines has been challenging in recent years and the business will be restructured in order to improve the firm’s services.  


‘Frothy’ Capesize Sector Threatens New Year Hangover for Dry Bulk

Photo: BSM

Maritime Strategies International (MSI) is forecasting a firm festive season for the dry bulk market, swiftly followed by a New Year comedown.   In its latest Dry Bulk Freight Forecaster* MSI notes that after a steady fall in average daily TCE spot earnings in October


2016 VLCC Earnings Will Surpass 2014 -BIMCO

Graph source: BIMCO

 Lower growth rates for refinery throughput and drawdowns on swollen oil stocks has impacted the seaborne tanker market negatively. BIMCO expected this to happen.   BIMCO has reduced its forecast for crude oil tanker demolition in 2016: from 5 million DWT to 3 million DWT


PPG Showcases Marine Coatings at SMM

PPG SIGMA SAILADVANCE is based on advanced technologies developed and patented by PPG that generate low friction, linear polishing, improved idle time tolerance and fuel savings. (Photo: PPG Coatings)

PPG’s (NYSE: PPG) protective and marine coatings business will showcase four of its’ premium marine coatings solutions at SMM event in Hamburg.   Amongst these is one of PPG’s most recent product innovations, the PPG SIGMAGLIDE 1290 fouling release coating


Asia Tankers-VLCC Rates Soar on West Africa, MidEast Liftings

File Image: A EuroNav VLCC (credit: EuroNav)

VLCC earnings double in a week. End of force majeure in Nigeria buoys cargo volumes. Freight rates for very large crude carriers (VLCCs) are set to rise further next week, fuelled by a raft of cargoes from West Africa and the Middle East amid tight tonnage supply, ship brokers said on Friday


Asia Tankers-VLCC Steady After Bumping Four-Month High

File photo: Euronav

Power struggle breaks out between between owners and charterers; West Africa cargoes hit a monthly record. Freight rates for very large crude carriers (VLCCs), which surged to a four-month high on Thursday, to hold steady as ship owners await the release of November cargoes


VLCC Rates to Hold Firm as Owners Await MidEast Cargoes

File photo: Euronav

Freight rates for very large crude carriers (VLCCs), which rose to multi-month highs this week, are likely to hold firm as owners tread water before the release of further Middle-East and West Africa cargoes, ship brokers said on Friday.  


Saudi Shipper Bahri Q3 Net Profit Falls

National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 37.6 percent drop in third-quarter net profit on Monday. The company's net profit for the three months to Sept. 30 was 318.4 million riyals ($84.92 million), down from 510


Beta Release of Safe, Efficient Data Exchange at Sea

Effiensea2 Image Danish Maritime Authority

The EfficienSea2 project, which is led by the Danish Maritime Authority, is now ready to demonstrate its first results. At a coming conference, beta releases of some of the solutions will be launched. Now, the EfficienSea2 project is ready to present beta releases of some of its solutions


Costamare Defers Newbuild Vessel Delivery

Photo: Costamare Inc.

 Athens-based containership owner Costamare Inc. pushes back 11,000-teu newbuildings into 2017 as it reports strong third quarter figures which topped Wall Street expectations.   It has agreed to postpone the deliveries of the remaining four newbuilding 11,010 TEU containerships


How Does Shipping’s Accumulator Look Now?

Graph: Clarksons Research

 Clarksons Research Analysis examines the cumulative impact of different sectors in shipping industry and how have they fared better or worse at various points along the way.   So how would a vessel delivered into the eye of the financial storm in late 2008 have fared? The Graph


Navigator Reports Profits for Q3

Photo: Navigator Holdings Ltd

 Navigator Holdings Ltd. (NVGS) has reported third-quarter ended September 30, 2016profit of $6.5 million, with earnings per share of $0.12.   The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 7


Shipping Recovery Faces Supply/Demand Challenges

Photo: Maersk Line

The shipping industry faces a stormy road to recovery, with uneven supply/demand trends set to test the nerve of investors and operators, according to independent research and consultancy firm Maritime Strategies International (MSI). Addressing the Hansa Forum in Hamburg, Germany this week






 
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