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Full Year

Commodore Holdings Reports 14% Earnings Increase

Commodore Holdings, Ltd. reported a 14 percent increase in earnings for its fiscal year ending Sept. 30, 1999. Earnings for full year 1999 were $4,606,000, as compared to $4,023,170 in full year 1998. The line went public in July of 1996. Earnings per share for full year 1999 are $.62 per share on a basic basis, and $.52 per share on a diluted basis. This compares to $.64 per share basic and $.54 per share diluted in full year 1998. The company's weighted average number of common stock outstanding - diluted - was 9,292,000 for full year 1999 as compared to 7,923,000 for full year 1998. This increase was primarily due to the higher average stock price for the company's common stock in full year 1999, which is used in calculating common stock equivalents, as well as the exercise of warrants in full year 1999.

Aegean Profitable in 2013 Despite Bunker Market Challenges

Bunkering: File photo CCL

Ship bunker suppliers Aegean Marine Petroleum Network release financial and operating results for the fourth quarter ended December 31st, 2013, registering a third consecutive profitable year. Quarterly & full year highlights Recorded sales volumes of 2,384,376 metric tons in Q4 2013 and 9,941,061 for the full year. Recorded gross profit of $75.0 million in Q4 2013 and $286.0 million for the full year.

Wärtsilä Posts 1Q Loss, But Outlook For Year Good

Wärtsilä posted a first-quarter loss, hit by restructuring charges, but said it expected full-year results at its key power divisions to reach last year's level. Wärtsilä reported a January-March loss before extraordinary items of $3.92 million versus a profit a year ago. The result sent Wärtsilä's shares 5.2 percent lower to 23.60 euros in thin opening trade on a flat Helsinki bourse. The stock is eight percent below its year high of 25.65 euros

Diamond Offshore Reports 4Q Results

Deepwater drilling company Diamond Offshore announced fourth quarter and full-year earnings. Results were solid, with revenues and earnings showing big increases on both a quarterly and an annual basis. Compared to the fourth quarter of 2005, revenues rose 57 percent and earnings per share rose 106 percent. Full year figures demonstrated similarly gaudy growth, as revenues rose 68 percent and earnings per share were up an astronomical 168 percent.

CP Ships Reports 4Q Results

CP Ships Limited today announced unaudited fourth quarter 2003 operating income of US $49 million, up from $34 million before exceptional items in fourth quarter 2002 and up from $44 million in third quarter 2003. Basic earnings per share was $0.46 compared with 2002's $0.23 before exceptional items and third quarter's $0.37. Net income available to common shareholders was $41 million, compared to $23 million in fourth quarter 2002.

Matson to Announce Q4, 2014 Results

Matthew Cox

Matson, Inc. will release its financial results for the Fourth Quarter and Full Year 2014 on Tuesday, February 24, 2015. Matthew Cox, President and Chief Executive Officer, and Joel Wine, Senior Vice President and Chief Financial Officer, will discuss Matson's fourth quarter and full year 2014 results and provide a business outlook for 2015 during a conference call scheduled for 4:30 p.m. EST/1:30 p.m. PST/11:30 a.m. HST.

Manitowoc Reports Fourth-Quarter and Full-Year Results

The Manitowoc Company, Inc. has reported record sales, cash from operations, and net debt reduction for the full year 2003. For the fourth quarter, the company reported net sales of $395.9 million, increasing from $386.0 million during the same period last year. Including special charges, the company reported a net loss of $5.5 million, or $0.21 per diluted share for the quarter, compared with a net loss of $25.1 million, or $0.94 per diluted share, in

Carnival Corp Reports 4Q & Full Year Earnings

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) reported net income of $371m, or $0.47 diluted EPS, on revenues of $3.3b for its fourth quarter ended November 30, 2008. Net income for the fourth quarter of 2007 was $358m, or $0.44 diluted EPS, on revenues of $3.1b. Included in the 2008 fourth quarter results is a gain of $31m on the sale of Cunard Line's Queen Elizabeth 2. The company reported net income for the full year ended November 30, 2008 of $2.3b, or $2

EURONAV Q4 2010 Results

The executive committee of Euronav NV (NYSE EURONEXT BRUSSELS: EURN) reported its preliminary non-audited financial results for the fourth quarter and full year 2010. The company had a net result of USD -17.6 million (fourth quarter 2009: USD -23.6 million) for the three months ended 31st December 2010 or USD -0.35 per share (fourth quarter 2009: USD -0.47 per share). EBITDA was USD 34.5 million (fourth quarter 2009: USD 34.3 million).

Carnival Reports Profit Slide in Q1 2014, Outlook Gloomy

Image courtesy of Carnival Corp.

Cruise line group Carnival Corporation announced non-GAAP net income of $2 million, or $0.00 diluted EPS for the first quarter of 2014 compared to non-GAAP net income for the first quarter of 2013 of $67 million, or $0.08 diluted EPS. Key metrics for the first quarter 2014 compared to first quarter 2013 and December guidance were as follows: On a constant dollar basis, net revenue yields (net revenue per available lower berth day or “ALBD”) decreased 2

Denmark's Torm Sells Two Vessels, Exits Dry Bulk Shipping

Danish shipping company said on Wednesday it has sold two dry bulk vessels to an undisclosed buyer and will hand back a leased bulker at the beginning of October, marking its exit from the dry bulk shipping industry. Torm Anholt and Torm Bornholm are both so-called Panamax vessels and both

Rand Takes Delivery of Newest Self-Unloader

Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels.   According to Rand, the new vessel will have the largest carrying capacity of any

Rolls-Royce to Cut More Staff of Marine Unit

Warren East (Photo: Rolls-Royce)

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient and cope with a fall in orders sparked by lower oil prices. The marine unit, which depends on oil and gas-related customers for about

Container Shipping: Volumes Up, But...

Graph: BIMCO

 The container shipping market may find comfort in the fact that global volumes were up by 1.1% in the first six months of 2015. Following a disastrous first quarter, all three months of the second quarter posted year-on-year increases. Behind the headline, though

Record Bulk Shipping Demolition Rates in 1H15

Graph: BIMCO

 Monthly demolition rates in the dry bulk shipping sector averaged 3.3 million DWT for 1H15, according to new figures from BIMCO, compared to 1.3 million DWT last year. This included a record 5.36 million DWT in April – the highest on record for a single month.   

Dividend Changes as Kvaerner Q2 Earnings Beat Street

Norwegian oil services firm Kvaerner posted forecast-beating second-quarter core profit and lifted its 2015 revenue outlook, but also trimmed its dividend policy to reflect the weak oil market's impact on future earnings. The Oslo-listed firm, which builds large structures like platforms

Important Milestones for BTP


  Brazil’s newest and most modern container terminal hits a series of major efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest and most modern container terminal, has reached a number of important milestones:  

BTP Handles Millionth Container

Photo: APM Terminals

Brazil’s newest container terminal hits a series of efficiency milestones   Brasil Terminal Portuário (BTP), Brazil’s newest container terminal in the Port of Santos, has reached a number of important milestones.  

General Dynamics Tops Q2 Estimates

General Dynamics NASSCO Shipyard (Photo: NASSCO/Ken Wright)

General Dynamics Corp, a maker of ships, tanks and business jets, reported higher-than-expected quarterly earnings and revenues on Wednesday, and sharply raised its outlook for full-year profit. Net profit increased 16.4 percent to $752 million for the second quarter from $646 million a year

Matson Declares 2Q EPS Of $0.23

Photo Matson, Inc.

  Matson, Inc., a U.S. carrier in the Pacific, reported net income of $9.9 million, or $0.23 per diluted share for the quarter ended June 30, 2015.  The company said its second quarter results were negatively impacted by $13.5 million of additional selling

Hapag-Lloyd Continues on Path for Profits

Photo: Hapag-Lloyd

Merger with CSAV is expected to deliver $100 million higher synergies than targeted, strong operating results, significant increases in transport volume and revenue driven by the merger   Container shipper Hapag-Lloyd said it has increased transport volumes and revenue as well as earnings

CNOOC Profits Nosedives, Eyes South China Sea

Photo: Cnooc Ltd

 Cnooc Ltd., China’s biggest offshore oil and gas explorer, posted a 56 percent decline in profit for the first half of this year.   Net income dropped to 14.73 billion yuan ($2.3 billion), or 0.33 yuan a share, from 33.59 billion yuan, or 0

Hapag-Lloyd Swings to Profit in H1 2015

Photo:  Hapag-Lloyd

 German container carrier Hapag-Lloyd is starting to see the commercial benefits of its integration with the container shipping arm of Compañía Sud Americana de Vapores (CSAV), which is now expected to deliver larger synergies than initially anticipated.  

MN: Foss Maritime Company


The Company: Foss Maritime Company is wholly owned by Saltchuk Resources, a privately owned family investment company formed in 1982 and based in the Pacific Northwest. Saltchuk has over $2 billion of assets invested in numerous operating companies in several different business groups

Swedish Club 1H post $ 6.3 mln Deficit


  In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts.   Underwriting performance registered a combined ratio of 112% but remains slightly

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