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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

Tidewater Declares Quarterly Dividend


  Tidewater Inc. announced that its Board of Directors declared on November 12, 2015, a quarterly cash dividend of $0.25 per share of common stock payable December 15, 2015, to shareholders of record on December 4, 2015. Tidewater is the leading provider of Offshore Service Vessels (OSVs)

EBDG Hires HR Expert de Rubertis

de Rubertis.jpg

EBDG announced the hiring of Human Resources Generalist, Carolyn de Rubertis in its Seattle office.  De Rubertis brings more than 20 years of experience to her role, as well as a proven track record of strong leadership. De Rubertis' broad-ranging background encompasses expertise in

Drewry: Container Service Reliability Falls

Containership reliability took a small step backwards in October as the average on-time performance across all trades reached 77.9%, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

Seagull's Software Tool for Benchmarking Seafarers Knowledge

Seagull Maritimes Managing Director, Roger Ringstad Courtesy Seagull Maritime

  Seagull Maritime has launched an advanced software tool able to benchmark seafarer knowledge levels, allowing shipowners and operators to compare their crew and potential recruits with industry peers. The new tool will provide shipping companies with online access to data that can help

Caterpillar 3Q Profits fall $ 1.63 per share

Cat equipment product line Built for it

  Caterpillar announced profit per share of $0.62 for the third quarter of 2015, a decrease from $1.63 per share in the third quarter of 2014.  Excluding restructuring costs, profit per share was $0.75, down from $1.72 per share in the third quarter of 2014

Santos 2015 Exports at Record Pace - Codesp

Brazil's main Port of Santos is forecast to surpass record exports of 114 million tonnes set in 2013 by the end of this year, as the real's depreciation against the dollar sparks sales of local goods abroad, the state-run company Codesp that manages the port said on Monday.  

Ship Carrying Brazilian Corn Heads to US

A ship carrying corn was scheduled to leave Brazil for the United States on Monday, three shipping agents said, as a strong dollar and plentiful South American supply makes importing corn attractive to U.S. buyers.   The ship owned by Bunge Ltd, carrying 54,000 tonnes of corn

Greek Shipper Pleads Guilty to Pollution-Related Crimes

M/V Sestrea. Photo by Chandris (Hellas) Inc

 Greece-based Chandris was sentenced for deliberately concealing pollution discharges from the ship and falsifying its oil record book while docked in Corpus Christi, AP says quoting, a news release from the U.S. Department of Justice.  

Shanghai Port Logs Quarterly Profit Fall

Shanghai International Port Group Co Ltd, the operator of the world's busiest container port, reported its first fall in quarterly net profit in over a year, providing evidence of China's economic slowdown. China, the world's second largest economy, grew 6

Negative Impact on Lerwick Harbor Traffic

Courtesy Lerwick Port Authority

  The downturn in offshore industry operations, a cyclical cruise season and lower fish landings have combined to reduce activity at Lerwick Harbor in the first nine months of 2015. Sandra Laurenson, Lerwick Port Authority Chief Executive

Greek Shipper Pleads Guilty to Dumping off Texas

A ship management company has pleaded guilty and was sentenced October 27, 2015 for deliberately concealing pollution discharges from the ship directly into the sea and for falsifying its oil record book, announced U.S. Attorney Kenneth Magidson along with Rear Admiral David R

DSD Shipping Convicted of Environmental Crimes

Photo: DSD Shipping

 A federal jury in Mobile, Alabama, has convicted Det Stavangerske Dampskibsselskab AS (DSD Shipping) and three employees with obstructing justice, violating the Act to Prevent Pollution from Ships (APPS), witness tampering and conspiracy, announced Assistant Attorney General John C

TORM Product Tanker Freight Rates Climbs Up

TORM Gerd.  Photo by TORM A/S

 TORM’s strong operational platform has delivered the highest product tanker freight rates since 2008 and a positive EBITDA of USD 96m in the third quarter of 2015, says its CEO Jacob Meldgaard.   TORM has demonstrated its financial and strategic flexibility with the exit from

Snow storms, Earthquakes - Scientists to Predict

Photo Press office of the governor YaNAO

  Russian scientists have demonstrated the ability to predict earthquakes, typhoons and snowstorms on the changes of the atmosphere. "These experiments allow satellite data on the state of the atmosphere to detect the earliest stages of seismic processes which result in a strong

Loss of Diversity Near Melting Coastal Glaciers

Dallmann-Expedition 2015

  Melting glaciers are causing a loss of species diversity among benthos in the coastal waters off the Antarctic Peninsula, impacting an entire seafloor ecosystem. This has been verified in the course of repeated research dives, the results of which were recently published by experts from

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