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Record Results

KMG Reports 2005 Record Results

Kerr-McGee Corp. reports net income for the 2005 fourth quarter of $2.2 billion ($18.46 per diluted common share), compared with $133.8 million ($.86 per share) for the 2004 fourth quarter. Fourth-quarter 2005 operating profit from continuing operations was $653.9 million, compared with $276.1 million for the 2004 period. Exploration and production operating profit was $633.8 million, compared with $266.5 million in the 2004 fourth quarter. Higher operating profit in 2005 reflects net pretax gains on property sales of $169.1 million compared with a net loss of $21.8 million in the prior-year quarter. Additionally, higher oil and gas sales prices contributed to the increase but were partially offset by lower sales volumes primarily due to the continuing effects of the 2005 hurricanes on third-party-operated infrastructure in the Gulf of Mexico and divestment of noncore U.S. onshore properties.


Kirby Corp. Announces Record Results

Kirby Corporation reported that for the fourth quarter ended December 31, 2000, net earnings were a record $9,088,000, compared with $3,974,000 for the 1999 fourth quarter. For the 2000 year, net earnings were $34,113,000, up from $21,441,000 in 1999. Joe Pyne, Kirby's President and Chief Executive Officer, said, "The 2000 fourth quarter net earnings of $.38 per share and 2000 year net earnings of $1.39 per share are record results for Kirby. Our EBITDA results of $33,615,000, or $1


K-Sea Announces Record Results

K-Sea Transportation Partners L.P. reported record results of operations for its fiscal 2006 first quarter ended September 30, 2005. The Company also announced that its distribution to unitholders in respect of the first quarter will increase by $0.01 to $0.57 per unit, or $2.28 per unit annualized. The distribution will be payable on November 14, 2005 to unitholders of record on November 8, 2005. For the three months ended September 30, 2005, the Company reported operating income of $6


Jotun Reports Record Year

The Jotun Group will probably match last year's record results. At the end of the first 8 months of the year the Group's operating income totalled NOK NOK 4 619 million. Not only was this NOK 359 million up on the same period last year, but the operating income is equal to last year, despite unfavourable exchange rate developments and the continuing high price of raw materials. The performance is in line with last year, which was the best year ever


Hornbeck Offshore Announces 2Q Results

Hornbeck Offshore Services, Inc., announced record results for the second quarter ended June 30, 2006. Second quarter revenues increased 72.0 percent to $70.7mcompared to $41.1m for the second quarter of 2005. Operating income was $32.4m, or 45.8 percent of revenues, for the second quarter of 2006 compared to $13.8m, or 33.6 percent of revenues, for the prior-year quarter. These results were driven by record dayrates in each of the company's business segments and a 45


UK's Port of Tyne Shortlisted for Global Award

The Port of Tyne has been shortlisted as a finalist for the Lloyd's List Global Awards 2012 in the Port Operator of the Year category. This award recognises the company or port that has maintained the highest standards of operational efficiency and customer service throughout the year. The award is open to any international port that can demonstrate exceptional innovation, improved efficiency, profitability and successful investment in port operations.


Costa Announces Record Results

The ordinary general meeting of shareholders of Costa Crociere S.p.A, held March 31, 2004, adopted the financial statement for the period December 1, 2002/November 30, 2003. 2003 was a record year for Costa Crociere: the company topped the half-million mark for the number of passengers carried in a 12-month period (a historic achievement and a first for a European cruise operator) with 557,300 guests, compared to 462,036 the year before (+21%), amounting to 4,300


Topaz Second Vessel for $225M BP Contract

Photo courtesy Topaz Energy and Marine

Topaz Energy and Marine recently took delivery of the newest addition to its fleet, the Caspian Protector. The vessel will be deployed in Azerbaijan in support of a 10 year $225m BP contract won in 2008. The Caspian Protector is a state-of-the-art 200-ft vessel designed for emergency recovery and response (ERRV), standby duties and fire fighting operations. It is the first vessel in the Caspian region to be equipped with three daughter craft and two fast rescue craft


Hapag-Lloyd Orders Four 13,200-TEU Ships

Following a record result in the first nine months of 2010 and its successful refinancing on the capital market, Hapag-Lloyd is again investing in future growth. Hapag-Lloyd ordered four large vessels with a capacity for 13,200 standard containers (TEU) each from the Korean shipbuilding company Hyundai Heavy Industries today. It was also agreed that the six new vessels ordered in the beginning of 2008 should be upgraded to the same capacity


HAVEP: Two Passenger Vessels Detained

Preliminary results from the Harmonized Verification Program (HAVEP) on passenger ships, carried out between January 1, 2013 and December 31, 2013 in the Paris MoU region show that two passenger ships were detained over the 12 month period as a direct result of the HAVEP for deficiencies related to operation control and emergency preparedness. While the results of the HAVEP indicate reasonable overall compliance with SOLAS requirements for passenger ships


Arctic and Antarctic Sea Ice at Record Low in January

Photo: © staphy / Adove Stock

The extent of sea ice in the Arctic and Antarctic last month was the lowest on record for January, the U.N. World Meteorological Organization said on Friday, while concentrations of carbon dioxide in the atmosphere hit a January record. "The missing ice in both poles has been quite


Nakilat Profit slips

Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year


Containership Deliveries: Turning A Corner?

Graph: Clarkson Research Services

 Containership deliveries changed course in 2016, toppling from the record level of 1.7m TEU in 2015 to reach just 0.9m TEU, having previously increased each year between 2011 and 2015, says a report from Clarkson Research Services.  


Tauranga Port Aims to Handle a Million Cargo Containers

Photo: Port of Tauranga

 New Zealand's largest freight gateway Port of Tauranga says it is on track to break the country's record for transporting more than one million containers in a single year.   "Our results show the Port of Tauranga is continuing to reinforce its position as the country's premier


Panama Canal Sets Monthly Tonnage Record

File photo: Panama Canal Authority

 In January 2017, the Panama Canal set a new monthly tonnage record of 36.1 million Panama Canal tons (PC/UMS), with the transit of 1,260 ships through both the Expanded and original locks.   The previous record was established the month prior, in December 2016, when 1


SC Ports Reports All-time Record Container Volume

Photo: SCPA

 South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January.     As measured in pier containers, or total box volume, SCPA handled 104, 792 boxes last month


SC Ports sets Container Volume record

Hapag-Lloyd Photo South Carolina Ports Authority

 South Carolina Ports Authority (SCPA) announced an all-time record container volume of nearly 105,000 pier containers and 185,018 twenty-foot equivalent units (TEUs) handled in January.  As measured in pier containers, or total box volume, SCPA handled 104, 792 boxes last month


New Heavy Lift Jack-up Vessel Design

Image: Ulstein

 SeaOwls and Ulstein launched a new heavy lift jack-up vessel design, the SOUL, at the Offshore Wind Journal Conference on February 7.   According to the designers, the cruciform structural lay-out makes the patent-pending solution more than 10 percent lighter than conventional jack-up


The Big Melt in World Ocean Ice Record

Photo: National Snow and Ice Data Center

 Sea ice extent in both the northern and southern hemisphere was at record low levels for the month of January 2017.   Last month set a record for the lowest sea-ice extent for the month, falling below the record set last year, according to the National Snow and Ice Data Center (NSIDC)


Wilhelmsen Reports Positive Results

Photo: Wilh. Wilhelmsen ASA

 2016 ended for Wilh. Wilhelmsen with an improvement in transported volumes, which had a positive effect on total income for the fourth quarter.   Adjusted for non-recurring items, WWASA also recorded an uplift in operating profit


Rare Gasoline Exports Underway from Bloated East Coast Stocks

File Image: AdobeStock

Traders prep rare East Coast gasoline exports; cargoes already sailing with exported distillates.   Traders are preparing to export cargoes of coveted gasoline from the U.S. East Coast after months of heavy importing and local production swamped the region.  


Higher Profits for MISC

Photo:  MISC Berhad

 Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and the year were low than the corresponding periods for 2015.   Group profit before tax for the quarter ended 31st December


Marco Polo Marine Revenue Drops for Q1

Photo:  Marco Polo Marine Ltd

 Marco Polo Marine Group  Group recorded a revenue of S$11.4 million in Q1FY2017, a decrease of 33% from that of S$17.0 million in Q1FY2016.   Relative to Q1FY2016, the Ship Chartering Operations’ revenue of the Group decreased by 31% to S$4.4 million in Q1FY2017


Container Volume Up 8 Percent at SC Ports

Container Operations at the port of Charleston, SC (CREDIT SCPA)

The South Carolina Ports Authority reported an 8 percent increase in container volume since its fiscal year began in July.    As previously reported, SCPA handled an all-time record container volume in January, with 185,018 TEUs moved last month


Odfjell Returns to Profit

Photo: Odfjell SE

Odfjell SE today reported preliminary full year and Q4 2016 results, showing improvement in financial performance in 2016 in spite of challenging markets. Efficiency programs continue to increase competitiveness, and the balance sheet is substantially strengthened.






 
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