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Financial Results

ACL Announces Earnings Release Date

American Commercial Lines Inc. (ACL) will conduct a live webcast and conference call to review and discuss its second quarter 2008 financial results on Wednesday, July 30 at 10:00 a.m. Eastern time. ACL is scheduled to release its financial results for the second quarter 2008 on Tuesday, July 29, 2008, after the close of the financial markets.  A


GlobalSantaFe Corporation to Hold Third-Quarter 2004 Earnings Conference Call

GlobalSantaFe Corporation has scheduled a conference call to discuss its third-quarter financial results at 10:00 a.m. CDT (11:00 a.m. EDT) Wednesday, October 27, 2004. The financial results are scheduled to be released publicly prior to market opening on the New York Stock Exchange that same day.


Teekay Restated 1 & 2Q 2008 Results

Teekay Tankers Ltd. (NYSE: TNK) reported that it has restated its previously reported financial results for the first and second quarters of 2008 to adjust its accounting treatment for: - an interest rate swap agreement under the Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging (SFAS 133), as more fully discussed below under "Restatement for Accounting under SFAS 133"; and


Otto Marine Profit Warning

Singapore-based Otto Marine & group subsidiaries issue a warning regarding its forthcoming financial results. Otto Marine Group is expected to report a loss for the financial year ended 31 December 2012 largely due to, amongst others, the following: Losses from its subsidiary Reflect Geophysical Pte. Ltd. mainly due to low utilization of its seismic vessel; Impairment of investment and provision of doubtful debts owing to its subsidiary, Reflect Geophysical Pte. Ltd


Expro Releases 1Q 2013 Results

Photo: Expro

Expro said it is celebrating its 40th anniversary year with strong financial results for 2013. Highlights • Headline revenue increased by 18.5 percent to $1.2 billion (2012: $1.01 billion) •Headline EBITDA  up 44.7 percent to $290.8 million (2012: $201 million) •Operating free cash flow of $123.2 million (2012: outflow of $44 million) •Sale of non-core Connectors and Measurements (C&M) business generated net proceeds after transaction costs of $591


Descartes to Announce Financial Results

descartes.png

Descartes Systems Group is scheduled to report its fiscal 2014 fourth quarter and annual financial results before market open on Thursday, March 6, 2014. Members of Descartes' executive management team will host a conference call to discuss the company's financial results at  a.m. ET on Thursday, March 6. Designated numbers are +1 866 229-4144 for North America and +1 416 216-4169 for International, using Passcode 8010 580#.


General Maritime Corp. Announces 4Q Results

General Maritime Corporation announced that it will hold a conference call to discuss the Company's results for the fourth quarter and full year of 2006 on Thursday, February 22, 2006. The Company will issue financial results for the fourth quarter and full year ended December 31, 2006 on Wednesday, February 21, 2007 after the close of market trading.


Conrad Industries to Release Quarter Results

Conrad Industries, Inc. plans to release its first quarter earnings during the evening on Wednesday, May 5, 2004. Management of the Company will host a conference call on Thursday, May 6, 2004 at 9:30 a.m. CST, to discuss the Company’s financial results for the quarter ended March 31, 2004.


Matson Report Increased Operating Income in Q2 2012

Matson, Inc. announces its second quarter 2012 financial results. The financial results for the second quarter and first six months of 2012 reflect Matson's separation from its former parent corporation, Alexander & Baldwin, Inc., on June 29, 2012. The separation of Matson from A&B was originally announced on December 1, 2011. Commenting on the quarter, President and Chief Executive Officer Matt Cox said, "While we are reporting improved operating income for the second quarter


Matson to Announce 2013 Results

matson logo.jpg

Matson, Inc. has announced that it will release its financial results for the Fourth Quarter and Full Year 2013 on Tuesday, February 25, 2014. President and Chief Executive Officer Matthew Cox and Senior Vice President and Chief Financial Officer Joel Wine will discuss the results for the fourth quarter and full year through a conference call that will occur after financial results are released. The earnings conference call is scheduled at 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST


Horizon Lines Continue to Improve Performance in Q4 2013

Photo courtesy of Horizon Lines

Horizon Lines has released its fourth-quarter 2013 financial results showing an adjusted EBITDA increase of 33.1%, which is its 4th consecutive quarter of double-digit Improvement
. "Horizon Lines fourth-quarter adjusted EBITDA increased 33


MHI Reports $586M Loss on Cruise Ship Builds

Pier Luigi Foschi, Chairman & CEO of Costa Crociere, (center) and Hisashi Hara, Director, Executive Vice President and General Manager of Shipbuilding & Ocean Development business of MHI (second from right) sign the contract in 2011.

Mitsubishi Heavy Industries, Ltd. (MHI) booked an extraordinary loss of approximately 60 billion yen (roughly $586 million USD) on the build of two cruise ships as a loss provision related to the construction work in its consolidated financial results for fiscal year (FY) 2013 (ending March 31


Conrad Industries 2013 Profit Slip Ameliorated by New Business

Image courtesy of Conrad Industries

Morgan City, Louisiana, shipbuilder and ship repairer Conrad Industries, has announced its fourth quarter and twelve months 2013 financial result, adding that it has acquired new business during the first quarter of 2014 totalling $67.3 million. Q4 2013


Rickmers Maritime Report Fair Sailing in 2013

Chairman (L) & CEO: Image Rickmers

In a letter to unitholders introducing its 2013 financial results, the chairman and the CEO of Rickmers Maritime, state that its commitment to long-term, fixed-rate container ship time charter agreements has provided insulation from the continued pressure on time charter rates


NOL’s 2013 Financial Performance up 82%

Group narrows net loss; lifted by $470 million (USD) cost savings and building sale. NOL Group today reported a 2013 net loss of $76 million, improving 82 percent from a $412 million loss the previous year. The group’s full year financial results were helped by a non-recurring $200


Petrobras Cuts Spending, Quarter Profits Fall 19%

Photo: Petrobras

By Jeb Blount, Reuters Brazil's state-run oil company Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth. Petroleo Brasileiro SA, as Petrobras is formally known


HII Declares Quarterly Dividend

Photo by Lance Davis

Huntington Ingalls Industries (HII) announced today that its Board of Directors has declared a quarterly cash dividend of $0.20 per share, payable on March 14, 2014, to shareholders of record as of the close of business on March 7, 2014. HII will release its full fourth quarter 2013 financial


Huntington Ingalls Industries 2013 Revenues Increased

HII logo

Huntington Ingalls Industries reports Fourth Quarter & Year 2013 financial results with increased revenues in each period. Highlights are as follows:     •    Revenues were $1.94 billion for the fourth quarter and $6.82 billion for 2013


Creditors Allow FSL Trust More Breathing Space

FSL Shanghai: Photo credit the owners

Formerly financially troubled FSL Trust Management (FSL Trust) says in its latest FY 2013 report that it has successfully secured a loan covenant relaxation until 31 December 2014, which they hope will enable them to move forward.


Greece's Box Ships Stays the Course in FY 2013 Despite ...

Container ship file image CCL3

Container ship owners Box Ships announce its financial results for the fourth quarter and year ended December 31, 2013, showing an increased EBITDA in the past year. Excerpts as follows: Adjusted EBITDA was $42.087-million in year 2012 which rose to $47.209-million in 2013.


Navy Funds Austal to Build Two More LCS in US$3.5-Billion Program

LCS Independence variant photo courtesy of US Navy

Austal inform that its USA’s order backlog has grown by approximately US$684-million dollars as a result of two additional Littoral Combat Ship (LCS) contract options being exercised by the United States Navy. The contract options fund construction of the LCS 18 and LCS 20


VIKING Reports 10 Years of Profit Growth

Henrik Uhd Christensen

VIKING Life-Saving Equipment A/S announced its 2013 financial results, reporting growth in both turnover and profits for 10 straight years. The Danish-based company with a worldwide presence said it has “once more beaten the odds in an industry plagued by reductions in passenger and cargo


Port of Cleveland Urges USACE to Start Dredging

Arrival Cleveland: Image courtesy of Port of  Cleveland

To avoid significant financial losses to the port and local economy, dredging the Cuyahoga River and Cleveland Harbor must start without delay considered the Port Board at its March 2014 meeting. Accordingly they directed the  Port’s management to work with U.S


Navigator Holdings Run a Tight Ship, Report 2013 Profit Surge

Gas carrier: Photo courtesy of Navigator Holdings

In its preliminary fourth quarter and financial year 2013 results, ship owners and charterers Navigator Holdings report that EBITDA increased to $106.8 million for the year ended December 31, 2013 from $63.9 million for 2012. HIghlights


Sovcomflot Reports on Slippery 2013 Financial Slope

SCF Melampus: Image courtesy of the owners

SCF Group (Sovcomflot)
 has released its audited financial results for the year ending 31, December 2013, indicating a slip in profitability during what they describe as another challenging year for the international tanker industry. 2013 Financial Highlights


 
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