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Interim Report

Concordia Maritime Release Interim Report

Stena Supreme

In accordance with the Swedish Securities Market Act and the Swedish Financial Instruments Trading Act, Concordia Maritime published its interim report for 2013. Highlights are as follows: Interim Report 1 January – 30 June 2013 •Positive view of the product tanker market continues •Weaker market in Q2, but six-month total better than 2012 •Seven out of ten P-MAX tankers on the open market Six months 2013 •Total income, SEK 246.7 million •EBITDA, SEK 90 million •Operating result before impairment, SEK 18.2 million •Impairment, 0 •Operating result after impairment, SEK 18.2 million •Result after tax, SEK 1.4 million •Result per share, SEK 0.03 •EBITDA, $13.9 million (USD) •Available liquid funds (Including unutilised available credit facilities.), SEK 384.6 million concordiamaritime.com  


Concordia Maritime;s Interim Report

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Concordia Maritime AB (publ), an international tanker shipping company, announced its interim report. Highlights include: • Net sales: USD 50.55 million • Profit after tax: USD 7.20 million • Profit per share after tax: USD .150 • EBITDA of USD 18.1 (9.2) million • Forecast for 2008 unchanged: A profit before tax of USD 9.03 million Concordia Maritime has ordered ten tankers, which are being built in accordance with the MAX concept


Nordic Tankers A/S Establishes a Warrant Program

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The board of directors of Nordic Tankers A/S ("Nordic Tankers" or "the Company") decided to establish an incentive scheme in the form of a warrant programme for the Company's management and employees and for the employees in the Company's Danish subsidiaries. The Company's board of directors has thus today exercised the authority set out in clause 4c of the Articles of Association, given at the general meeting on 29 April 2011, to issue up to 1,245,000 warrants totally


Wärtsilä Report Steady Development in First Half 2012

Wärtsilä report steady business progress in its interim report for the period January to June 2012 Extracts from the company's report follow: The second quarter marked steady progress for Wärtsilä. Our net sales grew by 6% and our profitability was 10.3%. We continue to work towards reaching our growth and profitability targets this year. I am pleased with the good development within Ship Power’s specialised vessel segments


Concordia Maritime - Interim Report 1

Interim Report 1 January-30 September 2012 •    Weak market during the quarter •    Stena Primorsk chartered out to new customer •    Another P-MAX tanker, Stena President, converted to IMO 3 Total income, SEK 417.1 million EBITDA, SEK 175.4 million Operating result before impairment, SEK 61.9 million Impairment, SEK -408.8 million Operating result after impairment, SEK -346.9 million Result after tax, SEK -365.7 million


Wärtsilä Appoint Marco Wirén CFO & Executive V-P

Marco Wirén: Photo credit Wärtsilä

Marco Wirén appointed Chief Financial Officer, Executive Vice President & member of the Wärtsilä Corporation Board of Management. Mr Wirén (47), M.Sc. (Econ.) has broad-ranging experience of financial management and international business management. He currently works as Executive Vice President and CFO in the Swedish steel manufacturer SSAB, having held that position since 2008. Prior to joining SSAB as Vice President Business control in 2007


Rates for U.S. pilotage on the Great Lakes

The U.S. Coast Guard issued an interim rule providing a partial rate adjustment for U.S. pilotage on the Great Lakes. This interim action is being taken while the agency completes its evaluation of issues raised in response to its proposed rule and calculates a full rate adjustment. The interim rate adjustment comes into effect on January 12, 2004. Comments on the interim rule should be submitted by February 10, 2004. 68 Fed. Reg. 69563 Source: HK Law


MARAD Issues Report on Port and Shipping Safety

The U.S. Maritime Administration (MARAD) released its quarterly report on port and shipping safety and environmental protection. This report discusses the latest session of the IMO Marine Environment Protection Committee; the bill to reauthorize the Transportation Equity Act for the 21st Century (TEA-21); the Coast Guard’s interim maritime security regulations; and the OECD report on Security in Maritime Transportation.


Chevron Interim Financial Update for Q2 2012

Chevron issues interim update for second quarter 2012 with earnings expected to be higher than in the first quarter Upstream results are projected to be lower between sequential quarters, due to lower average crude oil prices, partially offset by foreign exchange gains. Downstream earnings in the second quarter are expected to be significantly higher, reflecting improved refining margins and gains on asset sales. This interim update contains certain industry and company operating data for


Cargotec's January-June 2014 Interim Report

Cargotec's January-June 2014 interim report show that orders grew but operating profit was burdened by project cost overruns in Kalmar April-June 2014 in brief Orders received increased 19 percent and totalled EUR 993 (833) million. Order book amounted to EUR 2,285 (31 Dec 2013: 1,980) million at the end of the period.Sales declined 4 percent to EUR 804 (836) million.Operating profit excluding restructuring costs was EUR 4.7 (37.5) million, representing 0.6 (4


Hyde Marine to Display Ballast Water Tech at SMM

Hyde GUARDIAN Gold BWTS

Hyde Marine, Inc., a ballast water treatment technology company, will showcase its Hyde GUARDIAN Gold HG250G Ballast Water Treatment System (BWTS) at the upcoming Shipbuilding, Machinery, & Marine Technology (SMM) International Trade Fair, September 9-12, 2014, in Hamburg, Germany.


Federal Officials Approve Plans to Replace Mukilteo Terminal

Existing Mukilteo Ferry Terminal (Photo courtesy of Washington State Dept of Transportation)

The 60-year-old Mukilteo Ferry Terminal is one step closer to replacement. On Friday, Aug. 22 the Federal Transit Administration signed a record of decision allowing the Washington State Department of Transportation Ferries Division to design and construct a new ferry terminal in Mukilteo, Wash.


FTA Approves WSF Ferry Terminal Plans

Olympic-class ferry: Photo credit Vigor

In the latest Washington State Ferries Weekly Update, Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division briefs as follows: "FTA approves plans to replace Mukilteo ferry terminal The 60-year-old Mukilteo ferry terminal is one step closer to replacement


BP Announces 2Q 2014 Interim Dividend

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  On 29 July 2014, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2014 would be US$0.0975 per ordinary share (US$0.585 per ADS). This interim dividend is to be paid on 19 September 2014 to shareholders on the share register on 8 August 2014.


Concordia Maritime 1H 2014 Interim Report

Stena Premium: Photo courtesy of Concordia Maritime

Swedish tankship owners Concordia Maritime inform of positive results in the first half of 2014 after the sale of shares in jointly-controlled entities, Stena Poseidon and Palva. Highlights New contract with global oil and gas company in line with new employment strategy Seasonal market


Solomon Islands Capital Needs to relocate to Combat Tsunami

Solomon Island

BMT WBM (BMT), a subsidiary of the BMT Group, a leading international maritime design, engineering and risk management consultancy, has partnered with Buckley Vann town planners and the School of Civil Engineering at the University of Queensland to develop a comprehensive climate change adaptation


WSF Engineers Work 24/7 on Engine Repairs

Ferry Walla Walla: Photo cr. Moxfyre CCL

Overnight engine repairs and a meeting with Ferry Advisory Committee executives are detailed In this excerpt from the latest 'Washington State Ferries Weekly Update', by Capt. George A. Capacci, Interim Assistant Secretary WSDOT/Ferries Division. "Overnight repairs help maintain service


USCG Issues Interim OSV Cargo Rule

The U.S. Coast Guard (USCG) issued an interim rule regarding regulations to mitigate the risk created by the removal of the statutory size limit previously placed on offshore supply vessels (OSVs). The regulations were effective immediately upon publication in the Federal Register.


Clarksons Report Strong First Half Performance

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Leading shipping services group Clarkson PLC (Clarksons) has reported its unaudited Interim Results for the six months ended 30, June 2014. Summary     •    Strong performance in continued challenging market conditions


Navy Divers Note USS Houston Grave Site Disturbance

Wreath-laying: Photo USN

U.S. Navy underwater archeologists, in conjunction with Indonesian Navy divers, have assessed in an interim report that the wrecked vessel surveyed in the Java Sea in June is "consistent with the identification" of the World War II wreck of the cruiser USS Houston (CA 30)


HK's COSCO International Reports Strong Profit Growth

For the  six months ended 30th June 2014, shipping services provider COSCO International has announced that its 2014 Interim Results show strong profit growth with Net Profit up 45% YOY. Results Highlights Strong profit growth: profit attributable to the equity holders surged


Container Manufacturer Reports Profit Plunge

Container stack: File photo

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014. Net profit were down almost 52 per cent to US$13


Ferry 'Tacoma' Likely Out of Service Until December

WSF Tacoma: Photo Wiki/Kandykornhead CCL

Capt. George A. Capacci Interim Assistant Secretary WSDOT/Ferries Division reports in the 'WSF Weekly Update'  on the 'Tacoma' repair plan as follows: "This week, we received an initial update on the Tacoma repair plan from Siemens Marine Solutions.


BIW lands Navy Contract of $100 million

Littoral Combat Ships

  The U.S. Navy awarded General Dynamics Bath Iron Works a $100 million contract to provide planning yard services for the Littoral Combat Ship (LCS) program. General Dynamics Bath Iron Works is a business unit of General Dynamics. Bath Iron Works, as the LCS Planning Yard


CMB Cancels Order with S.Korean Shipbuilder

Photo: CMB

Belgian dry bulk shipping group CMB said on Tuesday it had cancelled an order for four vessels with South Korean shipbuilder Samjin set to be delivered in 2014. CMB, which added that the shipbuilder was not able to deliver the four handysize vessels on time






 
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