Financial Report

Technip Files Financial Report with AMF

Technip - a project management, engineering and construction company serving the energy industry - has filed his First Half 2011 Financial Report with the French “Autorité des Marchés Financiers” (AMF). The document, filed today, is available on Technip’s website: www.technip.com under: Investor relations/Regulatory Filings (AMF).


Fincantieri, New Bay Shipbuilding Company VP

Marinette Marine Corporation (MMC) a Fincantieri company, welcomes Gene Caldwell as the new Vice President and General Manager of Bay Shipbuilding Company, a member of the Fincantieri Marine Group. Caldwell’s resume includes shipbuilding experience in multiple facets of the Ship Building Industry including vessel and rig repair, new commercial and government vessel construction, project management, contract negotiation, sales & marketing, safety, QA/QC and financial reporting


Genco Shipping Report Net Loss in Q1 2012 Results

The Company recorded net loss of US$27.7-million by Genco in the second quarter of 2012 Extracts from the Genco financial report follow: The financial report showed a loss attributable to Genco for the second quarter of 2012 of $27.7 million, or $0.65 basic and diluted loss per share. Comparatively, for the three months ended June 30, 2011, net income attributable to Genco was $10.1 million, or $0.29 basic and diluted earnings per share.


W&T Offshore Announces Appointments

W&T Offshore, Inc. announced the appointment of Karen S. Acree as Vice President and Controller. John D. Gibbons, the Senior Vice President and Chief Financial Officer, has assumed the additional position of Chief Accounting Officer. William W. Talafuse, formerly Senior Vice President and Chief Accounting Officer, has accepted other duties with the Company. Acree has 25 years of public company accounting and financial reporting experience


Concordia Maritime Introduces Smartphone App

Concordia Maritime recently launched its own Smartphone App. Shareholders can access the latest share prices and trades, along with financial reports and annual reports. Other features include press releases, fleet information, business contacts and address book integration, and office locations and directions. “We always strive to make it easy for our stakeholders to follow us. We put a lot of effort into explaining what we do and how we do it


Fugro Gulf Selects ABS NS SafeNet Fleet Management Software

Fugro Gulf Inc., a leader in the provision of offshore geotechnical services, has contracted with ABS Nautical Systems for seven modules from their suite of advanced SafeNet fleet management system software. Fugro Gulf's contracted ship management company, New Offshore Inc., Morgan City, LA, will use the modules and manage vessel operational activities on behalf of Fugro Gulf Inc. Fugro Gulf Inc. has contracted for the Maintenance & Repair, Purchasing & Inventory Control


American Shipyard Publishes Q1 2012 Results

Conrad Incustries announce First Quarter 2012 Results & Backlog For the quarter ended March 31, 2012, Conrad achieved net income of $3.2 million and earnings per diluted share of $0.52 compared to net income of $3.7 million and earnings per diluted share of $0.58 during the first quarter of 2011.  The Company's more detailed financial reports are available here. Conrad's backlog was $70.8 million at March 31, 2012 compared to $47.1 million at December 31, 2011 and $112


Northrop Names Leukhardt CFO for NN

Northrop Grumman Corporation's Newport News sector announced the appointment of Linda Leukhardt as sector vice president of business management and chief financial officer. Leukhardt, 43, is responsible for the financial systems, programs and processes that ensure the successful accomplishment of the sector's business objectives. These include accounting and program cost control, rates and budgets, financial reporting and planning


Port Metro Vancouver: Pats on the Back

The Financial and Sustainability Reports cover the period January 1, 2012 to December 31, 2012 and together provide a summary of Port Metro Vancouver’s overall performance, as set out below: “Port Metro Vancouver is seeking ways to engage with communities and improve the Port and region’s long-term sustainability,” said Robin Silvester, President and Chief Executive Officer, Port Metro Vancouver. “This Gateway must thrive so that we can continue to support the B.C


MRG Promotes Sandaas to CFO

Marine Resources Group announced that Kirstin Sandaas has been promoted to Chief Financial Officer and Kevin Orstad has joined the company in the position of Group Controller. Sandaas joined MRG in the spring of 2004, and since that time has worked closely with the financial and operating divisions at the MRG group of companies. Her contributions include assisting in two corporate acquisitions, implementing an MRG-wide 401(k) program and assessing enterprise-wide systems solutions.


Conrad Industries Report Smooth Sailing in Q1 2013

US shipbuilder & repairer Conrad Industries, announces its first quarter 2013 results and backlog. For the quarter ended March 31, 2013, Conrad achieved net income of $5.9 million and earnings per diluted share of $0.99 compared to net income of $3


Ulstein Reports Good 2012 Financial Result

Launching Seven Viking: Image credit Ulstein

Ulstein Group report an operating income of NOK 2.27 billion and an operating profit of NOK 228 million in their 2012 financial report. *Operating income: NOK 2.27 billion (2011: NOK 2.06 billion)
 *Operating profit: NOK 228.0 million (2011: NOK 253.7 million)


Nordic Conglomerate Posts 2012 Loss, Renegotiates Loan Terms

Scana lndustrier ASA, supplier of products & system solutions to energy-related businesses, including the offshore sector has released its 2012 financial report. Scana lndustrier ASA has companies in Norway, Sweden, China, U.S., Poland, Singapore


Wärtsilä Order Intake Up, Net Sales Down

Wärtsilä Corporation releases its January to March 2013 interim financial report. Highlights of the Review Period January-March 2013 - Order intake increased 22% to EUR 1,352 million (1,109) - Net sales decreased 12% to EUR 882 million (1,005) - Book-to-bill 1.53 (1.10)


Tankship Owner Warns of 'Russian Roulette' Market

Euronav Tankship: Photo courtesy of Euronav

Euronav reports its net loss slipped to US$ 10.7 million in the first three months of 2013, compared with US$ 9.0 million a year earlier. In its Q1 2013 financial report Euronav makes broad observations on the global tanker market as follows:


Total Customs Services Improves Operations

Descartes Systems Group, a global leader in uniting logistics-intensive businesses in commerce, announced that Total Customs Services is successfully using Descartes' cloud-based Canadian Customs Brokerage solution to improve shipment management, customs filing, security compliance


Rina Announces Annual Results

LOGO RINA.jpg

The Board of Directors of Rina S.P.A approved the consolidated balance sheet for the period 2012: revenues of 280 million Euros (+23%) were achieved and the operating income reached 26.3 million Euros. The Board of Rina S.p.A. – holding company of the RINA Group – has approved the


Singapore's Samudera Group's 2012 Revenue Up, Profit Down

Container, bulk and tankship owners, Samudera Shipping Line, presents its 2012 financial report with the chairman's letter to shareholders. The following is extracted from Mr. Masli Mulia's letter to stakeholders: "The financial year ended December 31


A Container Ship Owner Who Got 2012 Right

Chairman & CFO: Image courtesy of Rickmers Maritime

"As we close the 2012 books, we have every reason to be satisfied with the Trust’s positive results," says Rickmers chairman. Extracts from chairman, Bertram R.C. Rickmers's letter to shareholders in the recently released 2012 financial report:


China Shipbuilding Giant: 2012 Turnover Down, Profit Increase

COSCO Chairman Ma Ze Hua
: Photo credit COSCO

COSCO Chairman Ma Ze Hua
 comments on the group's 2012 annual financial report. The following is extracted from Mr Ma's letter to stakeholders: It has been a challenging year for the Group. Turnover declined 10.3% to $3.7 billion, from $4.2 billion a year ago. Gross profit grew 27


FSL Trust: 2012 Was a 'Dismal' Year for Shipping

In a letter to unit holders First Lease Ship Trust (FSL Trust) chairman Wong Meng Heng comments on the Trust's  2012 financial report: excerpts as follows: "The industry witnessed another dismal year as weakness in freight rates and asset values persisted in 2012


Three Sheets to the Wind: Three Key Ingredients of the Sober Financial Statement

The author, Richard Paine

Financial reporting is a sobering issue. Creative accounting, “cooking the books,” earnings manipulations and other accounting shenanigans have been around as long as folks have had income, paid bills, taxes or sought investors for their ventures


Boskalis 2012 Revenue Up, Profits Slightly Down

Royal Boskalis Westminster N.V. (Boskalis) publishes theirl financial report for 2012. Highlights of 2012 ·         Record revenue of EUR 3.1 billion ·         Record order book of EUR 4.1 billion


Deepwater Driller Ocean Rig 2012 Financial Reports

Ocean Rig UDW Inc international contractor of offshore deepwater drilling services reports unaudited losses in Q4 & year-end 2912 financial results. Year Ended December 31, 2012 Financial Highlights For the year ended 2012, the Company reported a net loss of $132.3 million, or $1


Greene's Energy Promote Jaret Garber

Jaret Garber: Photo credit Greene

Jaret Garber has been promoted to the position of Financial Manager of Testing and Services. Based in Lafayette, La., Garber will manage financial reporting and analysis of testing and services. This includes management of invoices, financial planning


 
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