Reports Fourth

Northrop Reports 4Q Results

Northrop Grumman Corporation reported 2001 fourth quarter economic earnings of $158 million, compared with $106 million for the same period of 2000. On a per share basis, the company reported 2001 fourth quarter economic earnings of $1.55 on average diluted shares outstanding of 98.0 million, compared with economic earnings of $1.46 on average diluted shares outstanding of 72.5 million for the fourth quarter of 2000. Under Generally Accepted Accounting Principles (GAAP), the company reported fourth quarter 2001 net income of $131 million, or $1.28 per share, compared with net income from continuing operations of $144 million, or $1.99 per share, for the same period of 2000. The comparable decline reflects a substantial decrease in pension income and increases in interest expense and in the number of shares outstanding. For the quarter ended Dec. 31, 2001, sales increased to $4.3 billion compared with $2.2 billion reported for the fourth quarter of 2000. The increase is primarily due to the contributions of the three companies acquired in 2001: Litton Industries Inc., Newport News Shipbuilding and the Electronics and Information Systems group of Aerojet-General Corporation. Northrop Grumman's operating margin for the 2001 fourth quarter increased 25 percent to $314 million from $252 million for the same period last year despite a sharp drop in pension income. Pension income declined to $88 million from $128 million reported for the last three months of 2000.


Teekay Tankers Q4 & Year End Results

Teekay Tankers Ltd. (NYSE:TNK) - Highlights ·         Declared a cash dividend of $0.22 per share for the quarter ended December 31, 2010. ·         Reported fourth quarter adjusted net income of $2.6 million, or $0.05 per share (excluding specific items which increased GAAP net income by $5.2 million, or $0.10 per share). ·         Over 60 percent of fourth quarter revenue days earned average fixed


Parker Drilling Reports $13M Loss

Tulsa-based Parker Drilling Company reported an unaudited loss for the fourth quarter of $13,353,000. This compares with a loss of $11,266,000 for the fourth quarter of 1998. Financial results for the fourth quarter of 1999 were improved over the third quarter loss of $14,900,000 after adjusting for non-recurring gains and losses. For the year 1999, Parker Drilling reported a loss of $37,897,000, as compared to a loss of $5,587,000 for calendar 1998


People & Company News: Trico Marine Reports 2002 and 4Q Results

Trico Marine Services, Inc. announced a net loss for the fourth quarter ended December 31, 2002 of $14.4 million, or $(0.40) per share (diluted), after an extraordinary item, on revenues of $35.2 million. The net loss for the 2002 fourth quarter includes an extraordinary charge of $102,000 resulting from the early extinguishment of debt and a non-cash charge of $5.2 million due to an asset write-down. This compares to a net loss of $884,000, or $(0


Trico Marine Reports Full Year 4Q Results

Trico Marine Services, Inc. announced a net loss for the fourth quarter ended December 31, 2001 of $884,000, on revenues of $41.7 million. This compares to net income of $1.4 million on revenues of $41.7 million, for the fourth quarter last year. For the fiscal year ended December 31, 2001, the Company reported a net loss of $6.9 million on revenues of $182.6 million which included a non-cash charge of $24.3 million, before taxes, due to the write-down of the book value of eight vessels


Carnival Reports 4Q and Year Earnings

Carnival Corporation & plc reported record net income of $353 million, or $0.43 diluted EPS, on revenues of $2.6 billion for its fourth quarter ended November 30, 2005. Net income for the fourth quarter of 2004 was $294 million, or $0.36 diluted EPS, on revenues of $2.2 billion. Net income for the year ended November 30, 2005 was $2.3 billion, or $2.70 diluted EPS, on revenues of $11.1 billion, compared to net income of $1.9 billion, or $2.24 diluted EPS, on revenues of $9


Stolt-Nielsen Limited Reports Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited reported unaudited results for the first quarter ended February 28, 2013.    Net profit attributable to SNL shareholders in the first quarter was $1.5 million, with revenue of $519.4 million, compared with $18.2 million, with revenue of $510.9 million, respectively, in the fourth quarter of 2012.   Highlights for the first quarter of 2013, compared with the fourth quarter of 2012, were:  


SEACOR Q4 Results

SEACOR Holdings Inc. (NYSE: CKH) announced its results for the fourth quarter of 2009. Net income attributable to SEACOR Holdings Inc. for the quarter ended December 31, 2009 was $22.2 million, or $1.04 per diluted share, on operating revenues of $476.5 million. During the fourth quarter, the Company called and settled all of its outstanding 2.875% Convertible Senior Debentures due 2024 resulting in a debt extinguishment loss of $6.1 million, net of tax, or $0.26 per diluted share


Hornbeck Offshore Reports 4Q Results

Hornbeck Offshore Services, Inc. announced today that revenues for the quarter ended December 31, 2002 increased 20.7 percent to $26.2 million compared to $21.7 million for the same quarter in 2001. Operating income was $9.5 million or 36.3 percent of revenues for the fourth quarter of 2002, compared to $8.7 million or 40.1 percent of revenues for the same quarter in 2001. Fourth quarter 2002 net income was $3.3 million compared to $0.5 million for the fourth quarter 2001.


McDermott Reports 4Q 2006 Results

McDermott International, Inc. reported net income of $141m or $1.23 per diluted share, for the 2006 fourth quarter, compared to net income of $36.1 million, or $0.32 per diluted share, for the corresponding period in 2005. Weighted average common shares outstanding on a fully diluted basis were approximately 114.4 million and 112.3 million for the quarters ended December 31, 2006 and December 31, 2005, respectively. For 2005


Nautronix Inspire Young People into the Industry

DSC00007 web.jpg

Nautronix gave young people across Aberdeen City and Shire an insight in to the oil and gas industry and the exciting career opportunities available to them. Working with Coaching Training Consultancy Ltd, (C-T-C) and their SCIP program, Nautronix invited 14 pupils aged between 16 and 17 from St


HMAS Toowoomba Returns From the Middle East

HMAS Toowoomba (Photo: Royal Australian Navy)

Minister for Defense Stephen Smith today welcomed HMAS Toowoomba home from a six-month deployment to the Middle East Area of Operations (MEAO). Minister Smith greeted the crew at her homeport Fleet Base West (HMAS Stirling), Rockingham, Western Australia.


Hong Kong's New Cruise Terminal Damp

HK Cruise Terminal: Photo courtesy of Kai Tak Terminal

New cruise ship passenger terminal at Kai Tak in Kowloon is functionally ready, but not in the best form to welcome first travellers next week. A week before the HK$8.2 billion Kai Tak Cruise Terminal welcomes its first vessel heavy rain penetrated the roof


MSC Delivers Rowboat for Global HIV Testing Campaign

 The Spirit of Malabo exits an MSC shipping container at Kingsborough Community College in Brooklyn, New York on Thursday.  (Photo: MSC)

The Goree Challenge is a 5,000 mile solo transatlantic row from the Canary Islands to New York. Kingsborough Community College is providing technical assistance for the ocean rowboat, christened The Spirit of Malabo. The Spirit of Malabo, a 24-foot ocean rowboat


Cruise Ship Superstructure Fire Extinguised by Crew

RCI CEO Inspects the Damage: Photo credit RCI

Royal Caribbean International announce cancellation of the vessel's next cruise to allow for damage repair in the port of refuge, Freeport, Bahamas. At approximately 3 a.m., Monday, Coast Guard Sector Miami received a report of a fire aboard the Bahamian-flagged cruise ship Grandeur of the Seas


Kongsberg Contracted for Four Drillships and Six Options

Photo: Kongsberg

Kongsberg was awarded an offshore integrated monitoring and control system contract with Daewoo Shipbuilding & Marine Engineering (DSME). The contract covers deliveries to four Transocean owned newbuild drillships, with an option for Kongsberg to deliver products and services for six more


Geodis Wilson Honors Innovators

(l-r) Pierre Blayau, CEO SNCF Geodis & Chairman of Geodis; Rutger Jonker (Team Netherlands); Martin Henriksen (Team Nordic); Steven Pike (Hong Kong); Raj Kiran Pant (India); Kim Pedersen, Executive Vice President, Geodis Wilson.

Geodis Wilson honored its employees who have shown particular creative prowess as the company announces the winners of its annual Innovation Masters Award recognizing outstanding internal innovative initiatives throughout the logistic service provider’s global network.


Subsea 7 Wins GofM Pemex Contract

Seven Borealis: Photo credit Subsea 7

Subsea 7 S.A. announce a contract award by Pemex to its Mexican joint venture valued at approximately US$90-million. The contract comprises the engineering, fabrication and installation of an 8km pipeline, related risers, two slug catchers (a slug catcher is a storage vessel used to separate oil


MacGregor Receives €37 Million Order from Hornbeck

Cargotec's MacGregor has received €37 million order from Hornbeck Offshore Services Inc. to deliver four 250-ton active heave-compensated (AHC) subsea cranes for four multi-purpose supply vessels (MPSV).  The cranes will be delivered between fourth quarter 2014 and third quarter 2015


Deepwater Heavy Lift Crane Orders for Cargotec

MacGregor advanced 250-ton AHC subsea cranes are suitable for ultra-deepwater operations.

Cargotec's MacGregor contracted by Hornbeck Offshore Services Inc. to deliver 4 AHC cranes for 4 multi-purpose supply vessels (MPSV).   The cranes will be delivered between fourth quarter 2014 and third quarter 2015, and the value of the order is EUR 37-million for the four 250-tonne active


Ship Energy, BWMS, Recycling on MEPC Agenda

The IMO's Marine Environment Protection Committee (MEPC) meets for its 65th session from 13 to 17 May 2013, at IMO HQ in London. Items on a busy agenda include the implementation of energy-efficiency regulations and the ballast water management and ship-recycling treaties.


Great Lakes Towing Frees Stranded Freighter

Tugboat

Great Lakes Towing Company tugboats 'Wyoming' & 'Idaho' free the grounded freighter 'Spruceglen' in Lake St. Claire. The Great Lakes Towing Company, which celebrates 115 years of service this year, provides tugboat and towing services, ship assist, logistics and cargo transportation


Hornbeck Announces 1Q 2013 Results

Todd Hornbeck

Hornbeck Offshore Services, Inc. announced  results for the first quarter ended March 31, 2013.    Following are highlights for this period and the Company's future outlook: •    Record quarterly revenue of $147


Greece's Diana Shipping to Buy Capesize Bulk Ship

Diana Shipping Inc. signs up to buy the 'M/V Tamou', a 2005 built Capesize dry bulk carrier of 177,243 dwt. The purchase price is US$27,020,202, less one percent address commission to the buyers. The vessel, to be renamed "Baltimore


CapEx or Capsize: International Port Analysis

New report examines evolving trade patterns resulting from the upcoming 2015 Panama Canal expansion The Colliers International report, "CapEx or Capsize," underscores the idea that cities need to spend the capital to upgrade their ports, or risk "capsizing" their economies


 
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