Newport News Shipbuilding (NNS) reported net earnings of $21 million, or $.63 diluted share, for the first quarter of 2000. Earnings before interest and taxes (EBIT) for the quarter were $47 million, up from EBIT of $44 million in last year's first quarter. The company reported first quarter revenues of $469 million as compared to last year's figures of $430 million during the same period. This growth in revenue was attributable to gains in the construction and engineering segments. Construction revenues improved $25 million to $206 million as a result of advance planning work on the next aircraft carrier (CVN 77), as well as more activity on the Virginia-class submarine program. NNS finished a nine-month competition for the selection of the Warfare Systems Integrator for CVN 77 this past January. The expansion of the prime contractor role, which includes management of this process - previously performed by the Navy - the company will add approximately $500 million to the value of the construction contract.
Diamond Offshore Drilling Inc., a Houston-based marine oil and gas drilling contractor, on Tuesday reported a 24.7 percent rise in net profits, boosted by strength in all the company's business. The company posted first-quarter net income of $36.8 million, or $.27 a share, up from $29.5 million, or $.21 a share in the same period last year. Analysts on average were expecting the company to report first quarter earnings of $.23 a share.
CAE has reported earnings from continuing operations for the first quarter ending June 30, 2003, of C$15.1 million or 7 cents per share compared to C$37.4 million (or 17 cents per share) in the first quarter of the prior fiscal year. Consolidated revenue for the first quarter decreased 12 percent to C$242.9 million from the C$275.8 million generated in the prior year, while the C$2.2 billion backlog was constant at June 30 compared to March 31.
OSX Shipbuilding reports order book for construction of 21 vessels of various kinds, consolidated position in other offshore enterprises EBITDA of R$36,5 million in 1H12 and R$2,7 billion financing are highlights for the second quarter of 2012. OSX, an EBX Group Company which provides solutions for the offshore oil industry by means of integrated operations in shipbuilding, leasing of exploration and production (E&P) units, and operation and maintenance (O&M)
ConocoPhillips reported first-quarter net income of $3,291 million, or $2.34 per share, compared to $2,912 million, or $2.05 per share, for the same quarter in 2005. Total revenues were $47.9b, versus $38.9 billion a year ago. During the quarter, the company reinvested 141 percent of its net income into the development of oil and gas resources and its global refining business, excluding the acquisition of Burlington Resources.
Marine Products Corporation Reports First Quarter 2012 Financial Results Marine Products is a leading manufacturer of fiberglass boats under two brand names: sterndrive and inboard pleasure boats by Chaparral, including H2O Sport and Fish & Ski Boats, SSi and SSX Sportboats, Sunesta Sportdecks, Xtreme Towboats, Signature Cruisers and Premiere Sport Yachts, and outboard sport fishing boats by Robalo. For the quarter ended March 31, 2012, Marine Products generated net sales of $37,849
GulfMark Offshore Inc.announced record net income for the first quarter of 2002 of $5.4 million, or $0.62 per share (diluted), on revenues of $29.8 million. This compares to net income of $2.6 million, or $0.31 per share (diluted), on revenues of $21.9 million in the first quarter of 2001. Bruce Streeter, president and COO of the Company, said, "We are very pleased with the results of the first quarter. Despite the usual seasonal slowdown and the lay-up of one of our smallest PSVs in the
Todd Shipyards Corporation announced financial results for the first quarter ended June 29, 2003. For the quarter, the Company reported a net loss of $2.2 million or $0.42 per diluted share on revenue of $21.1 million. For the prior year first quarter ended June 30, 2002, the Company reported net income of $2.3 million or $0.41 per diluted share on revenue of $49.3 million. The company's first quarter revenue of $21.1 million reflects a decrease of $28
South Korea's first lady Kwon Yang-sook has stressed the need to enhance the country's industrial competitiveness through innovation, according to a recent Korea Times report. Kwon made the point in a speech at a ceremony at the Hyundai shipyard to launch a crude oil carrier, the Universal Queen, the first of its kind made with a shipbuilding fund. The fund was introduced in 2000 when President Roh Moo-hyun was maritime affairs and fishery minister and helped to increase orders for the
Pirate attacks more than doubled in Indonesia in the first nine months of 1999, prompting the International Maritime Bureau (IMB) to warn mariners to take urgent precautions in Indonesian waters. The number of actual and attempted pirate raids worldwide surged by more than 25 percent to 180 in the first three quarters of 1999, up from 143 in the same period in 1998, the IMB's Piracy Reporting Center in Malaysia's capital said in a report
Formerly financially troubled FSL Trust Management (FSL Trust) says in its latest FY 2013 report that it has successfully secured a loan covenant relaxation until 31 December 2014, which they hope will enable them to move forward.
Reuters - Brazil's Vale SA will launch in March the first phase of its iron ore storage and distribution center in Malaysia that will improve its access to China, its biggest customer, a company official said on Tuesday. The world's top iron ore miner
Chinese shipbuilder COSCO Corp (Singapore) Ltd on Monday reported a 71 percent fall in full-year 2013 net profit, due to lower profit contributions from ship building and marine engineering segments. COSCO Corp, a subsidiary of state-owned maritime industry giant China Ocean Shipping (Group) Co
By Karolin Schaps, Reuters Britain urgently needs its oil and gas companies to pay for a new regulatory body to encourage industry collaboration and counter plunging North Sea production rates, a government review, the first since the mid-1990s, said on Monday.
Pacific Drilling says that the latest in its fleet of 5 of new ultra-deepwater drillships is in service. Two additional drillships are under construction at Samsung Heavy Industries for delivery in 2014, and an eighth rig is under construction for delivery in March 2015.
Stolt-Nielsen Limited has reported unaudited results for the fourth quarter ended November 30, 2013. Net profit attributable to SNL shareholders in the fourth quarter was $36.7 million, with revenue of $524.5 million, compared with $21.8 million, with revenue of $521
Multiple sources reported that two large construction barges moored near the Tappan Zee Bridge in New York broke free and floated down the Hudson River. Strong winds from a recent snowstorm caused the barges to break from their moorings and float down the river
The International Maritime Bureau (IMB) of the International Chamber of Commerce informs that in 2014 there have already been reports of two incidents in Indonesian waters and one off the west coast of Africa in the first week of 2014, as follows: Belawan Anchorage, Indonesia
Shanghai port container throughput rose 3.3 percent to a record 33.6 million TEUs (twenty-foot equivalent units) last year, according to official data just published, reports Xinua. According to the Chinese news agency, the city first became the world’s biggest container port in 2010 when
The nation's top three shipbuilders have seen their combined orders rise again to the US$50-billion mark, six years after they first soared past this level in 2007 when the industry was flourishing, reports ‘The Chosunilbo’. Total orders placed by Hyundai Heavy Industries
South Korea's defense procurement agency has signed a contract with Hyundai Heavy Industries to acquire a new next-generation landing ship LST-II, reports Yonhap New Agency. This vessel will be South Korea's second LST-II ship designed to land personnel, tanks and equipment simultaneously
The Port of Shanghai posted a 4.3 per cent increase in container volume in November year-on-year to 2.94 million TEU, according to figures from Shanghai International Port Group (SIPG) reports the Shipping Gazette. Throughput of the entire port of Shanghai is expected to hit 33
STX Offshore & Shipbuilding Co. has signed a deal with the defense ministry of Peru to build five patrol ships for 75 billion won (US$71.3 million) reports Yonhap News. Citing the shipbuilders, Yonhap adds that STX will deliver the ships by the end of 2015, and that in March 2012
Shaanxi province plans to build China's first hinterland international intermodal transit hub port to link the overland international freight route [see map] which they dub a new 'silk road', reports Xinhua. The proposed Xian Hinterland International Transit Hub Port will focus on international
Today in U.S. Naval History: December 6 1830 - Naval Observatory, the first U.S. national observatory, established at Washington, D.C., under commander of Lieutenant Louis Malesherbes. 1901 - First report of Ship Model Basin at Washington Navy Yard issued by Naval Constructor David W