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Record Results News

13 Jun 2023

Uni-Tankers Reports Record Results

Source: Uni-Tankers

Danish family-owned company Uni-Tankers has achieved record financial results for the financial year 2022-23 which it attributes to being a “streamlined organisation ready to seize each opportunity.”Earning after tax were USD 61.0 million, an increase of USD 66.1 million from last year’s result despite constrained availability, higher cost of charter tonnage and higher interest rates.Uni-Tankers' fleet is one of the youngest in its core markets, comprising approximately 40 owned and chartered modern and flexible product and chemical tankers.

28 Nov 2022

GAC Group Names New Group President

GAC Group’s Bengt Ekstrand (L) with Pontus Fredriksson (R) ©GAC

Shipping, logistics, and marine services provider GAC Group has appointed Pontus Fredriksson as its new group president, effective January 2023.Bengt Ekstrand, who has held the position for the past 10 years, will take on the role of Executive Co-Chairman alongside GAC’s long-standing Executive Chairman Björn Engblom."Ekstrand’s tenure began at a time of economic turmoil in the Eurozone and  expanding armed conflicts in the Middle East. Sluggish oil prices would soon plunge to less than USD45.00 a barrel.During that uncertain period…

30 Jun 2022

Stolt-Nielsen Says 2022 Q2 Profit Best Since 2007

Credit:Ianaré Sévi/Wikimedia Commons - CC BY-SA 3.0

Norwegian chemical tanker owner Stolt-Nielsen on Thursday reported a second-quarter net profit attributable to shareholders of $58.6 million, with revenue of $689.1 million. This is an increased compared with a net profit of $52.3 million, with revenue of $606.2 million, in the first quarter.Niels G. Stolt-Nielsen, Chief Executive Officer of Stolt-Nielsen Limited, said the second quarter net profit was the company’s highest since 2007."The second quarter continued where the first quarter ended with growing demand and a shrinking orderbook for new ships…

26 Apr 2022

Carnival Corp Names Weinstein as Next President & CEO

Josh Weinstein (Photo: Carnival Corporation & plc)

Carnival Corporation & plc, the world's largest cruise company, announced its current Chief Operations Officer Josh Weinstein will assume the role of President and CEO of Carnival Corporation & plc, effective August 1, succeeding Arnold Donald, who is being appointed Vice Chair and member of the Boards of Directors.A 20-year veteran of Carnival Corporation & plc, Weinstein has held critical senior-level roles for the company. In his most recent assignment for the past two years as Carnival Corporation & plc's Chief Operations Officer…

05 Feb 2019

Barcelona Claims to be Europe’s Fastest Growing Port

Spain's Port of Barcelona closed financial year 2018 with a 15% increase in container traffic and record results in the main traffic indicators.According to a press release, the results also confirm the increase in intermodality, with significant growth in rail transport and Motorways of the Sea, helping to boost the sustainability of the logistics chains that pass through the Port of Barcelona.During financial year 2018, the Catalan infrastructure channelled 67.7 million tonnes of traffic - involving all cargo modes - representing a year-on-year increase of 10% and setting a new record for the Port."This result was driven largely by the excellent progression in container traffic, the most representative of the surrounding economy, which was over 3.4 million TEU, marking a 15% increase.

30 Sep 2016

Jotun Continues to Grow

Jotun, coating solutions to the global marine fleet,  recorded sales of NOK 10.9 billion and an operating profit of NOK 1.7 billion in tn the first eight months of 2016. To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation, both in Norway and other key markets. To help secure long-term growth, the company continues to pursue investments in new production capacity and product innovation, both in Norway and other key markets. Jotun recorded a two per cent increase in revenues compared to the same period last year, improving from NOK 1.6 billion to 1.7 billion. While decreased activity in shipbuilding and the offshore sector has impacted sales in the Marine and Protective Coatings segments…

05 Jul 2016

USTC Delivers Near Record Profit

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, with the Group thus cementing its position of strength in the global market. CEO and sole owner Torben Østergaard-Nielsen says: “It is characteristic of the financial year just concluded that we are continuing to see the fruits of the investments and acquisitions we have undertaken as part of the USTC Group’s growth strategy. Within our three primary divisions…

29 Jan 2015

Kirby Reports Record Earnings

Kirby CEO Joe Pyne (Photo: Greg Trauthwein)

Kirby Corporation announced record net earnings of $68.1 million, or $1.19 per share, for the fourth quarter 2014 (ended December 31). The results bested 2013’s fourth quarter figures of $64.3 million, $1.13 per share. Consolidated revenues for the 2014 Q4 increased 18% to $668.3 million compared with $568.4 million for Q4 2013. Kirby also reported record net earnings for the 2014 year of $282 million, $4.93 per share, compared with $253.1 million, $4.44 per share, for 2013 which included a $0.20 per share benefit due to the reduction of the United earnout liability.

07 Jan 2015

Brandy Christian is New Port of New Orleans COO

Current COO Patrick J. Gallwey to Retire in March After 34 Years. Brandy D. Christian has been named the new Chief Operating Officer of the Port of New Orleans by President and CEO Gary LaGrange, succeeding Patrick J. Gallwey, who will retire March 1 after 34 years with the Port. Christian comes to the Port after 14 years with the Port of San Diego serving for the past five years as vice president, strategy and business development. During her tenure with California’s fourth largest cargo port, Christian was the driving force behind securing major accounts for the cruise and cargo business lines at the Port. She was also instrumental in significantly improving operational processes and reducing costs for the public agency.

30 Oct 2014

Kirby Corp. Announces Record 3Q Results

Kirby CEO Joe Pyne (Photo: Greg Trauthwein)

Record 2014 third quarter earnings per share of $1.34 compared with $1.21 in the 2013 third quarter, which included a $0.08 benefit due to the reduction of the United earnout liability. Kirby Corporation announced record net earnings attributable to Kirby for the third quarter ended September 30, 2014 of $76.7 million, or $1.34 per share, compared with $69.1 million, or $1.21 per share, for the 2013 third quarter, which included a $0.08 per share benefit due to the reduction of the United earnout liability.

18 Aug 2014

Port of Hamburg Continues Cargo Records, Adds Jobs

Photo courtesy of Port of Hamburg

The Port of Hamburg continues record performance handling a total of 72.6 million tons (+ 6.6 percent) in the first six months of 2014. Hamburg’s universal port with 50.7 million tons of predominantly container handling achieves a result of 4.8 million TEU (20-ft standard containers), an increase of 6.8 percent. The largest seaports on the north European continent show an average growth in total handling of 1.8 percent and in container handling of 2.6 percent. The Port of Hamburg can look back on above average growth in container traffic, building up its market share from 25.7 to 26.7 percent.

02 May 2013

Aberdeen Harbor Reports Record Results in 2012

Photo: Aberdeen Harbor

Aberdeen Harbor Board’s annual results have revealed record vessel activity in 2012 and record levels of cargo passing through the port. Overall vessel tonnage handled by the port increased by 8%, from 25.91 million tons in 2011, to 28.19 million tons in 2012. The Harbor also saw an 8% increase in cargo handled, increasing from 4.76 million tons in 2011 to 5.14 million tons in 2012 - another record for the Port. As a result, Aberdeen Harbor’s annual turnover increased by 13% to £27.37 million from £24.06 million in 2011, recording a retained profit of £7.46 million.

23 Aug 2012

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. The Port of Tyne is the only UK based operator; competing against six other international ports and terminals in New Zealand, Russia, Spain and The Netherlands. Andrew Moffat, Port of Tyne Chief Executive Officer, said: “The Lloyd’s List Global Awards are the shipping industry's most acclaimed, credible and well-supported awards.

26 May 2011

New Profit Record for Kleven Maritime

2010 was a Gullåren for Kleven Maritime. The Company delivered record results for 2010. Operating profit came to 238.7 million, an increase of 96 million from the record year 2009. The profit before tax was 213.8 million, an increase of 97.3 million from the year before. The country's largest Norwegian-owned shipbuilding group also has good speed control in 2011. The order list is now in 10 new buildings, for a total contract sum of 3.7 billion. CEO Ståle Rasmussen is happy with last year's results, but emphasizes that it is continually worked to increase value creation and profitability.

25 Feb 2011

CMA CGM Reports Excellent Performance in 2010

The Board of Directors of France-based CMA CGM, the world’s third largest container shipping group, met under the chairmanship of Jacques R. Saadé to review the financial statements for the year ended 31 December 2010. The Group reported revenue of $14.3b for the year, a 36% increase on 2009 that was led by the combined impact of higher volumes carried and improved freight rates. In all, more than nine million TEUs* were carried during the year, up 15% on 2009. With capacity increased by 17.7% and representing 8.6% of worldwide capacity at year-end, CMA CGM has consolidated its leadership in the global container shipping industry. The strong growth in business was accompanied by the sustained deployment of the cost control programmes initiated in 2009…

16 Feb 2011

NOL Reports $461M Net Profit in 2010

NOL Group today reported net profit of US$461 million for 2010, representing a US$1.2 billion turnaround from its US$741 million loss in 2009. The container shipping and logistics company said that group revenue reached an all-time high of US$9.4 billion, up 45% from last year. NOL’s fourth quarter net earnings were US$177 million. That compared to a US$211 million loss in the same period a year ago. NOL reported 2010 Core EBIT (Earnings Before Interest and Taxes) of US$557 million, compared to a Core EBIT loss of US$651 million in 2009. Core EBIT in the fourth quarter was US$198 million. “Strong demand from shippers and rate increases in our major trade lanes helped drive the turnaround,” said NOL Group CEO Ronald D. Widdows.

13 Sep 2010

Topaz Delivers $75M Oil & Gas Project

Photo courtesy Topaz Energy and Marine

Topaz Energy and Marine announced the project delivery of the deck structure of a Mobile Offshore Production Unit and storage (MOPUstor). The MOPUstor deck was constructed by Topaz Fabrication and Construction; part of the Topaz Engineering division under a subcontract from Single Buoy Moorings Inc for its client, Talisman Energy Norge AS. The value of Topaz Engineering’s portion of the work was $75m. Topaz’s scope of work was fabrication and construction of the hull and topsides of the MOPU, project completion took more than two years with the workforce peaking at 1,400 men.

12 Apr 2010

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. The vessel…

18 Mar 2010

Topaz Announces $65M Profit for 2009

Photo courtesy Topaz Energy and Marine

Topaz Energy and Marine announced its audited financial results for 2009. Topaz posted revenue of $448 million, EBITDA of $ 127 million and Net Profit of $ 65 million demonstrating year on year growth of 7%, 14% and 38% respectively. The growth in these difficult times clearly demonstrates a resilience that sets Topaz apart from many of its peers. Topaz Energy and Marine is an oil & gas focused marine services and engineering company with a regional footprint across the Middle East and the Caspian.

11 Mar 2010

Jotun Reports Record Results

Jotun reported an operating profit of NOK 1.1 billion in 2009 as compared with NOK 0.9 billion for the previous year. Operating income increased from NOK 10.4 to NOK 11.2 billion. In litres and kilos, Jotun sold two per cent more paint than it did in 2008. There were large variations between the markets and geographically. Key markets such as China, South Korea and the Middle East reported strong figures. Europe performed poorly, and the Norwegian market, for example, was weaker than in many years. The group’s results were the best ever. “We are satisfied with the results, which have exceeded our expectations. Jotun has positioned itself in many growth markets, and we have captured market shares in key areas.

02 Jun 2009

Topaz Completes Milestone of Vopak Project

Topaz Energy and Marine Ltd. through its subsidiary Nico International, part of the newly established Topaz Engineering division has successfully completed the first milestone activity of a project for Vopak Horizon Ltd., Fujairah. The project was awarded to Nico by Interbeton (currently being rebranded as BAM International), Abu Dhabi in November last year for the design, fabrication & installation of offshore trestles and pipes. The project is due for completion in December 2009.

10 Mar 2009

Smit Internationale NV Exceeds Record

•    Operating result for Harbour Towage increases, partly because of the extended interest in URS. •    Commencement of new contracts leads to growth Terminals. •    Result Salvage exceeds historical average. •    Considerable increase result Transport. •    Strongly improved result Heavy Lift in second half of the year. •    Net profit increases from EUR 105.6 million to EUR 107.8 million. •    Operating result increases 19% from EUR 94.7 million to EUR 112.5 million. •    EBITDA (including associated companies) rises 26% from EUR 159.4 million to EUR 201.0 million. •    Net profit per share decreases 9% from EUR 6.68 to EUR 6.11, owing to the issuing of shares. •    Proposed dividend per share remains EUR 3.00.

10 Nov 2008

TBS Reports 3Q, 9 Mo Results

Joseph E. Royce, Chairman and Chief Executive Officer and President of TBS International Limited, stated: "We attribute these record results to the efforts of our worldwide team of shipping professionals delivering our TBS Five Star Service (Ocean Transportation, Logistics, Portside Services, Operations and Strategic Planning) to our global customer base. TBS owns its vessels, deals directly with our clients and presently does not have vessels on long term time charters. "We are in unprecedented times for the global economy and dry cargo shipping industry. The stagnation caused by the crisis in the financial community has interrupted normal trade and reduced cargo movement.

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