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Reports First

NNS First Quarter EPS UP

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's Profits Are Strong

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 Reports First Quarter Results

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.


ConocoPhillips Reports 1Q Results

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.


Boat Sales Up in Q1 Reports Marine Products Corp

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


Brazil's OSX Group Q2 2012 Financial Report

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)


IMB Warns Of Rampant Piracy In Indonesian Waters

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


Todd Shipyards Reports 2Q Results

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 Korean First Lady Urges Innovation

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


GulfMark Reports First Quarter Results and New Contract

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


Woodside Q1 earning up, no Leviathan deal

Woodside Petroleum, Australia's largest independent oil and gas producer, reported a 5 percent rise in first quarter production on Thursday but said it had not yet finalised a deal to take a stake in Israel's Leviathangas field.


PetroVietNam Gas's Q1 gross profit falls 27.5%

PetroVietNam Gas's first-quarter gross profit fell 27.5 percent to 3.9 trillion dong ($185 million) from a year earlier, the Lao Dong (Labour) newspaper reported. PetroVietNam, Vietnam's largest listed company, would seek strategic shareholders in the gas exploration sector


Schlumberger Announces Q1 Results

Paal Kibsgaard

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.57 billion in the first quarter of 2013. Income from continuing operations attributable to Schlumberger


Japan Expresses Concern Over Chinese Ship Seizure

BAOSTEEL EMOTION One of the worlds largest iron ore carriers, the Brasil Maru. (Photo: http://www.mol.co.jp/en)

The Japanese government has expressed its concerns to China via diplomatic channels over the seizure of a Mitsui O.S.K. Line Ltd ship by a Chinese court in connection with a case over wartime claims, Kyodo news agency reported on Monday. A Chinese maritime court in Shanghai seized the ship on


Today in U.S. Naval History: December 2

USS Enterprise (CVN-65). U.S. Navy photo by Photographers Mate Airman Rob Gaston

Today in U.S. Naval History - December 2 1775 - Congress orders first officers commissions printed. 1908 - Rear Admiral William S. Cowles submits report, prepared by Lt. George C. Sweet, recommending purchase of aircraft suitable for operating from naval ships on scouting and observation


UAE Ensign to Fly First Time on Commercial Vessel

Flag of the UAE: Image Wiki CCL

The oil tanker “Energena’ managed by Gulf Stolt Ship Management and currently undergoing maintenance at Drydocks World, will become the first commercial vessel to sail under the UAE flag
, reports 'Trade Arabia'. The Tasneef (Emirates Authority for Classification) classification


Global Dry Bulk Carrier Newbuilding Orders on the Rise

Photo in public domain

Significant volumes of dry bulk carrier orders, most of them for Chinese shipyards, are reported by Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Starting with the large sizes in dry, Oldendorff Carriers are reported to have declared the sixth in a series of 207


Today in U.S. Naval History: December 6

USS Jacob Jones (DD-61) sinking, photographed by Seaman William G. Ellis. (Smithsonian Institution Photograph)

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


Pirates Active in New Year Attacks on Shipping

File photo

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


Britain Oil Review: New Regulator Needed to Lift Output

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.  


Korea Shipyard to Build Icebreaking LNG Carrier

LNG carrier in terminal: File photo CCL

Daewoo Shipbuilding & Marine Engineering (DSME) has won the first battle in the war among the shipbuilders to obtain orders for vessels to participate in the Russian Arctic 'Yamal Project' by getting the world’s first order for an icebreaking LNG carrier, reports BusinessKorea.


Wilh.Willhelmsen Holdings Report 2013 Profit Slide

Image courtesy of WWH

The Directors' report 2013 (extracted here) states that shipowners & technical services firm Wilh. Wilhelmsen Holding group (WWH) delivered lower results for 2013 when compared with a very strong 2012. The fallback in results was due to a 7% reduction in shipping volumes and substantial sales


Stolt-Nielsen Reports "Disappointing" Q1 Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited today reported unaudited results for the first quarter ended February 28, 2014, which included lower cargo volumes and down profits in most markets. Net profit attributable to shareholders in the first quarter was $18.6 million, with revenue of $516


Cruise Industry Disappointed by Findings of Critical LMU Report

Cruise ship file photo CCL

New research by the UK's Leeds Metropolitan University (LMU) claims the cruise industry is ignoring its responsibility to the environments and societies it visits. The research has provoked a strong response from the Cruise Lines International Association (CLIA) according to shipping trade


Offshore Driller Noble Corp Q1 Earnings Beat Forecasts

Noble Corp., a leading offshore driller, reported first-quarter net income on Wednesday of $0.99 a share, higher than consensus forecasts, as new rigs helped lift revenues. ThomsonReuters I/B/E/S had forecast earnings of 70 cents a share or 82 cents a share excluding special items.


 
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