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


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


Team Britannia, GAC Inks Partnership Deal

GAC & Team Britannia sign deal Image GAC

As Team Britannia prepares for its bid to break the round-the-world powerboat record later this year, GAC has been named their official shipping and logistics partner. GAC will draw on the local contacts and expertise of its network of global offices and partners to provide the 80ft powerboat


Antwerp Port CEO Scoops Baron Title

Eddy Bruyninckx becomes a baron Photo Port of Antwerp

After 25 years as CEO of Antwerp Port Authority, Eddy Bruyninckx has been raised to the nobility by H.M. the king of Belgium with the rank of baron. In Belgium the title of baron or baroness is reserved for those who have made a notable contribution in a particular sector


How to Avoid Claims for Self-cooking Cargo

North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea. The advices comes in the latest issue of its loss prevention newsletter Signals.  


New Details Emerge on Loss of USS Indianapolis

USS Indianapolis (CA 35) on July 27, 1945 heading for sea from Apra Harbor, Guam.  This is likely the last photo taken of the ship. (U.S. Navy Photo by Gus Buono, from the Collection of David Buell)

A Naval History and Heritage Command (NHHC) historian has recently uncovered information that sheds new light on the loss of the World War II cruiser USS Indianapolis (CA 35).   In the final days of the war, Indianapolis completed a top secret mission to deliver components of the atomic


Maritime Piracy: More "sophisticated and prevalent” around Gulf of Guinea

(Source: Oceans Beyond Piracy)

While the matter of maritime piracy has seemingly subdued from its high profile peaks of a few years ago, Stuart Edmonston, Head of Loss Prevention at UK P&I Club, together with Hellenic War Risks and Terra Firma Risk Management, highlight the growth of piracy in the Gulf of Guinea and


USTC Delivers Near Record Profit

Image USTC

With profit before tax of DKK 480 million, Middelfart-based Selfinvest, which includes the global Group A/S United Shipping & Trading Company (USTC), is yet again filing an impressive set of financial statements. This was generated via record results in several of USTC’s subsidiaries


Shipbuilding: Korea Losing Race with China

Photo: Samsung Heavy Industries

 The Korean shipbuilding industry has plunged into a deep crisis as the big three —Daewoo, Hyundai Heavy, and Samsung Heavy—posted record combined losses in 2015, and 2016 looks no better.   Added to the woes, Korean shipbuilders’ orders in the first half of this year


Korea Selects Intellian as 'World Class 300' Company

Eric Sung, President and CEO of Intellian receives World Class 300 certificate Photo Intellian

Intellian’s appointment to Korea’s prestigious ‘World Class 300’ list of the country’s most promising technology companies is a distinguished achievement and confirms its commanding lead in the mobile satellite communications terminal sector.


MSC Full VGM Compliance

Photo: MSC

 One week after the implementation of the new SOLAS regulation ‘Verified Gross Mass’ (VGM), MSC Mediterranean Shipping Company confirms an outstanding early experience of compliance rates by shippers.   MSC France, which covers seven ports in the French Metropolitan area


Port Hedland June Iron Ore Exports to China Rise to Record

Port Hedland (Photo: Pilbara Ports Authority)

Record iron ore shipments to China moved through Australia's Port Hedland terminal in June, as major producers BHP Billiton and Fortescue Metals operated close to full capacity and inventories at Chinese ports swelled.   Most of the ore both companies mine is sent to China


Port of Ystad Posts Record First Half

(Photo: Port of Ystad)

Port of Ystad, which saw record-breaking volumes in 2015, continues reaching new record numbers in 2016 for traffic to and from Poland and the Danish island of Bornholm.    The number of ton goods, trucks, busses, cars and passengers all showed an increase during the first half of 2016


Virginia Port throughput a Modest 2.57 Mi TEUs

Courtesy Port of Virginia

 Driven by strong imports, The Port of Virginia handled 216,672 twenty-foot equivalent units (TEUs) in its strongest June cargo performance on record that helped to push the port to a solid finish for fiscal year 2016. “We finished fiscal year 2016 in positive territory


Oil Glut Still a Major Dampener on Prices -IEA

The global glut in oil is refusing to ease and acts as a major dampener on crude prices despite robust demand growth and steep declines in non-OPEC production, the International Energy Agency said on Wednesday.   The IEA, which coordinates the energy policies of industrial nations


Philly Shipyard to pay Dividend

Philly shipyard aerial view Photo Philly Shipyard

Philly Shipyard, a U.S. commercial shipyard constructing vessels for operation in the Jones Act market has announced acash dividend to be paid by PHLY.   The schedule is as follows: Dividend amount: USD 0.25 per share Declared currency: USD


Saab's KleinPort Contracted for Curacao Ports Authority

Photo courtesy of Curacao Ports Authority

Defence and security company Saab has been awarded a contract from the Curacao Ports Authority to install the latest version of Saab’s KleinPort for the Authority’s new Harbor Management System. Curacao Ports will be using KleinPort to manage its multi-harbor operations






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