Marine link
 

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


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.


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


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


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


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


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


Panama Flag Approval for Seagull

Mrs. Cecilia Hernandez, Mrs. Magdalena Carrera and Mr. Victor Almengor from Panama Maritime Authority, during the audit of Seagull Maritime’s training centre in Horten, Norway.

  Seagull Maritime has become the first overseas company to secure training centre approval from the Panama Maritime Authority following the PMA’s 2014 change of leadership. The approval process included a two-day inspection of Seagull Maritime’s Horten


Port of Indiana-Jeffersonville Sets Shipping Record

Grain, steel, salt help port exceed 2 million tons for first time in 29-year history   The Port of Indiana-Jeffersonville handled over 2.4 million tons of cargo in 2014, up 48 percent from the previous year. This was the first time annual shipments exceeded two million tons in the port's


Seagull Secures Panama Flag Approval

Cecilia Hernandez, Magdalena Carrera and Victor Almengor from Panama Maritime Authority, during the audit of Seagull Maritime’s training center in Horten, Norway. (Photo courtesy of Seagull)

Seagull Maritime said it has secured training center approval from the Panama Maritime Authority, marking the first time that an overseas company has done so following the PMA’s 2014 change of leadership. The approval process included a two-day inspection of Seagull Maritime’s Horten


Dynamic Positioning & the Potential for USCG Regulations

POSH Xanadu is a new generation DP3 Semisubmersible Accommodation Vessel (SSAV) for PACC Offshore Services Holdings Limited (POSH). (Photo courtesy of PACC Offshore Services Holdings Limited)

  Dynamic positioning is a vessel capability provided by integration of a variety of individual systems and functions to automatically maintain a vessel’s position and heading by use of the vessel’s propellers and thrusters, and has been in use


Port of Indiana-Mount Vernon Bests Tonnage Records

Photo: Ports of Indiana

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.   


Study Reveals Inadequate Rest Hours Compliance

Preliminary results from the Concentrated Inspection Campaign (CIC) on STCW Hours of Rest, carried out between September 1 and November 30, 2014 in the Paris MoU region show that 16 ships (14% of detentions during CIC) were detained over the three-month period as a direct result of the CIC for


Port of Indiana-Mount Vernon Sets Record

The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history.


ABB Wins Orders for Star Cruises Ships

ABB has won orders worth $60 million to deliver complete electrical power plant and propulsion systems for two new vessels for Star Cruises operated by Genting HongKong and to be built by Meyer Werft at its shipyard in Papenburg, Germany. The orders were booked during 2014.  


GE Electric Propulsion Equipment for LNG Carriers

GE Power Conversion receives first order in Japan from Kawasaki Heavy for electric propulsion motor equipment for LNG vessels   GE’s Power Conversion business has received a new order from Kawasaki Heavy Industries, Ltd. for electric power and propulsion systems for two LNG carriers


Black Sea MOU Detains 6 Ships for Rest Hours Violation

Rest Hours data under inspection

  Concentrated Inspection Campaign (CIC) on STCW Hours of Rest 2014 carried out between 1 September 2014 and 30 November 2014 in the Black Sea MOU region shows the following preliminary results of the questions related to the verification both deck and engine room watch-keepers’ hours


Petrobras Expects 3Q Unaudited Results Jan 27

Brazil's Petroleo Brasileiro SA expects to release unaudited third-quarter financial results on Jan. 27 after a scheduled meeting of its board of directors, the state-run oil company said Wednesday in a statement.   Petrobras, as the company is known


Divers Monitor HMS A7 Using Underwater Thickness Gauge

Cygnus DIVE underwater thickness gauge used to inspect the hull of HMS A7 submarine (photo courtesy of The SHIPS Project)

Underwater thickness gauge enables divers to monitor conditions of sunken submarine   A team of divers from the A7 Project have measured the metal thickness of the sunken HMS A7 submarine using a Cygnus DIVE underwater ultrasonic thickness gauge


Record Breaking Cruise Liner Season Ahead for Orkney

Image courtesy: Orkney Islands Council

Orkney is set for a multimillion pound tourism bonanza with a record-breaking year of cruise liners due to visit. The number of cruise ships visiting Orkney will top the 80 mark for the first time this year, says a Orkney Islands Council press release.  


Cheap Prices Drive Record Chinese Imports

Crude oil, iron ore and soybean shipments hit monthly record. China imported record levels of crude oil, iron ore and soybeans in December as the country took advantage of cheap global prices to boost shipments, despite faltering demand growth at home.


Tanker Oil Spills Notches New 5-year Low

ITOPF Graph

A new five-year low in oil spills from tank­ers reported by the International Tanker Owners Pollution Federation (ITOPF), as the average for 2010-2014 falls to 1.8 large spills per year.   During the year, ITOPF recorded 1 large spill of bitumen (over 3






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright