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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 Sea Ice Sets Record Low Extent at Winter Maximum

Photo courtesy of the National Snow and Ice Data Center

Arctic sea ice has set a new winter record by freezing over the smallest extent since satellite records began in 1979, in a new sign of long-term climate change, U.S. data showed on Thursday.   The ice floating on the Arctic Ocean around the North Pole reached its maximum annual extent of


VIKING All set to Meet Global Challenges

...As a global supplier of maritime safety equipment, VIKING’s 37 subsidiaries are represented in 70 locations, including the USA.

  For the 2014 financial year, VIKING Life-Saving Equipment A/S has again managed to lift both its top and bottom line to record levels. Turnover grew 7 percent to DKK 1.728 billion, and pre-tax profits reached DKK 183.7 million – an increase of 30 percent.  


AUSTAL Bags SCA Award For Safety

Austal USA (4 ships) Photo by Austal

  Austal USA have been notified by the Shipbuilders Council of America (SCA) that Austal has earned the 2014 SCA Award for Improvement in Safety. According to the notification signed by Ian Bennett, SCA Manager of Government Affairs, “SCA awards this honor to shipyard members with a


Brent Oil Rises as Euro Gains Against Dollar

Brent oil prices rose on Wednesday as the euro strengthened against the dollar following a boost in business morale in the euro zone's top two economies. The euro was up 0.6 percent against the dollar, the currency in which crude oil futures trade. The dollar lost 0


Dryships in the Red

DryShips Inc

DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014. Fourth Quarter 2014 Financial Highlights


Brightoil Reports Steady Growth in Interim Results

Photo: Brightoil Petroleum

Brightoil Petroleum (Holdings) Limited announced its interim results for the six months ended December 31, 2014, reporting steady growth over the period.   During the period, profit attributable to the owners of the group increased 3% year-on-year to HK$561 million


Seafarers ... Get Some Rest!

“Insufficient rest of watch keeping personnel has already caused several incidents over the past years,” said Secretary General Richard Schiferli. “ It may be the cause of fatigue, which can have major consequences for safety and the environment.”

With global focus on the mariner courtesy of MLC2006, reinforced by a number of high profile catastrophic maritime casualties that are directly linked to “the human factor,” preliminary results from the Paris MoU should be disturbing at the least.


NaviModel 3.5 for Advanced Point Cloud Editing Feature

The new point cloud edit feature allows for easy stitching of multiple point clouds into one Courtesy Teledyne-BlueView-QuickStitch-powered-by-EIVA

  EIVA NaviModel version 3.5 was released this week. It includes new and improved advanced features developed in collaboration with major players in the offshore industry. NaviModel, the modelling and visualisation tool of the EIVA NaviSuite software suite for offshore construction and


Italian Shipper Fined $2.75m for Environmental Crimes

U.S. fines Italian shipping company $2.75m for falsifying oil records  Carbofin S.p.A., an Italian domiciled company that owned and operated the M/T Marigola was sentenced to pay an overall criminal penalty of $2.75 million for knowingly falsifying the vessel’s oil record book in


Georgia Ports Enhance Breakbulk Cargo Handling

Photo courtesy of GPA

The Georgia Ports Authority (GPA) has instituted a new tracking system to process breakbulk cargo more quickly, and provide real-time freight tracking for GPA and its customers.   "The new system means faster service and better communication with our breakbulk customers


Hong Kong Introduces Clean Fuel Rules

Photo: Alex Sergienko

New regulation to require oceangoing vessels to switch to clean fuel while at berth   The Government of Hong Kong’s Air Pollution Control (Ocean Going Vessels) (Fuel at Berth) Regulation, which mandates oceangoing vessels (OGV) to use clean fuels while berthing in Hong Kong for


Southeast Asian Shipbuilders Turn Bullish

Picture by Korea Offshore & Shipbuilding Association (KOSHIPA)

  Despite the issues surrounding over-tonnaging in the ship-building industry as a result of the 2008 financial crisis, more than 587 vessels are expected to be built in Southeast Asia in 2015.    According to a report by Robert Willmington of IHS Maritime


New Korean Maritime Minister Urges for Safety

Yoo Ki-june (The ministry of oceans and fisheries)

 South Korea's new maritime minister Yoo Ki-june urged all-out efforts to enhance maritime safety.   Calling the tragic sinking of a passenger ferry last year the result of a failure by his ministry, Ki-june said that his ministry would work to be aggressive while pursuing its goals


Lerwick Sees Cruise Season Boom

Lerwick Harbour gets set for the boom in cruising shipping

  Lerwick Harbour’s cruise season launches at the double this week, with the arrival of the first two vessels of the year on Wednesday (18 March), bringing 1,850 passengers to Shetland. En route from Andalnes, Norway, to Torshavn, Faroe


Record Rig Berthing at Drydocks World

Photo: Drydocks World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors, have simultaneously berthed 11 rigs in the Dubai yard, breaking its record of nine rigs at the yard set in February this year.  






 
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