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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


Fresh Hopes in Container Shipping: Alphaliner

Table: Alphaliner

 The new year brings with it fresh hopes for a recovery in container shipping although the market remains fundamentally imbalanced, says an Alphaliner report.   A slew of new records were set in 2016 but most of them marked new lows for a container shipping market that continues to


Paradip Port Achieves Record Coal Discharge

MV Pacific Energy discharing coal. Photo Paradip port

Paradip Port has achieved a record discharge of 62,730 MT of coking coal for a conventional berth in a time-frame of 24 hours overcoming its previous high of 55,337, MT. Located at 210 nautical miles south of Kolkata and 260 nautical miles north of Visakhapatnam on the east coast of India in


SC Ports See Record Box Volumes in 2016

South Carolina Ports Authority (SCPA) announced a record container volume of nearly two million 20-foot equivalent units (TEUs) handled in 2016.   SCPA handled 1.996 million TEUs in 2016, surpassing the previous record of 1.985 million TEUs handled in 2005. Container volume in TEU was up 1


Iraq Oil Exports Steady Despite Start of OPEC Cut

Oil exports from Iraq's southern ports in the first nine days of January have held steady at December's record high, according to loading data and an industry source, despite the start of an OPEC agreement to cut production.   Shipments so far this month have averaged above 3


No Operating Income from Hanjin Vessels: Danaos Corporation

Photo: Hanjin Shipping Co. Ltd

 Danaos Corporation reports its results for the third quarter of 2016 in the aftermath of the bankruptcy of Hanjin Shipping, one of Danaos' large customers.    Danaos' CEO Dr. John Coustas says: "As a result of the bankruptcy


Ohio Dredge Fleet Sets Dredging Record

Ellicott 460SL dredge, BRUTUS Photo ODNR

The Ohio Department of Natural Resources (ODNR) recently finished the 2016 dredging season, having removed more than 1 million cubic yards (apprx. 765,000 m3) of dredged material from state park lakes and other state properties. The State’s dredge fleet consists primarily of Ellicott Model


China's LNG Buying Spree Continues Through December

File Image: an LNG tanker underway (Credit: GAC)

China LNG imports hit record in November, but set to beat that this month. China's state oil and gas majors are set to import record levels of liquefied natural gas (LNG) this month, betting on robust demand during the cold winter months and helping lift Asian prices to their highest in nearly


Executive Changes at Caterpillar

Tom Pellette is appointed Caterpillar Inc.s group president of Energy & Transportation. Photo Caterpillar

Following the previous announcement that Jim Umpleby will become Caterpillar’s Chief Executive Officer on January 1, 2017, Caterpillar Inc. announced today additional changes in its executive ranks. The company’s Board of Directors has appointed current Construction Industries


Arctic Discovery Shocks Scientists

Photo: Arctic Program

 A report from the Washington Post described how high Arctic temperatures had risen by about 36 degrees Fahrenheit last month, coinciding with record-low sea ice levels.   Scientists have just discovered something int he Arctic that could totally change how they see the drastically


Ports of Stockholm Container Volume Zoom

Container Terminal at Frihamnen Photo Ports of  stockholms

A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Never before have so many containers been transported by sea directly to the strongest growing capital city region in Europe and Sweden's largest consumer market.


Transshipments at Port of Gdansk Exceed Last Year's Record

Photo: Port of Gdansk Authority SA

 2016 is not yet over, but the volume of transshipments is already higher than in the previous record year, being currently estimated at more than 36.3 million tonnes.    This is a result which, until recently, would have been out of reach for any Polish port


EMGS' Vessel Utilisation Soars

EMGSs 3D EM vessels; BOA Galatea, BOA Thalassa, Atlantic Guardian and EM Leader. Photo EMGS

Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on contracted or multi-client data acquisition


Teekay Declares Dividend

Photo Teekay Tankers

Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its Board of Directors has declared a cash dividend on its common stock of $0.055 per share for the quarter ended December 31, 2016. The cash dividend is payable on February 15


Iron Ore Exports to China from Port Hedland hit record

File Image: a so-called ValeMax bulk carrier (CREDIT: Vale)

Port is world's biggest iron ore export terminal; iron ore prices soared 80 pct in 2016.   December iron ore shipments to China from Australia's Port Hedland terminal hit a record 37.4 million tonnes in December, boosted as users such as BHP Billiton and Fortescue Metals Group ramped up


2016 Review: Lots Of Records But Not All Welcome!

Table: Clarksons Research

 There have been plenty of record breaking facts and figures to report across 2016, unfortunately mostly of a gloomy nature, says Clarksons Research.   From a record low for the Baltic Dry Index in February to a post-1990 low for the ClarkSea Index in August






 
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