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Reports Results

Stolt-Nielsen S.A. Reports 4Q and 2007 Results

Stolt-Nielsen S.A. reported results for the fourth quarter and full year ended November 30, 2007. The financial statements for the full year ended November 30, 2007 have been audited. Highlights for the fourth quarter and full year ended November 30, 2007, compared with the fourth quarter and full year ended November 30, 2006, included: • Operating revenue for the fourth quarter of $460.8 million, up 14% compared with same quarter last year. Operating revenue for the full year of $1,759.4 million, up 12% compared with the previous year. • Operating income for the fourth quarter of $47.0 million, up 7% compared with fourth quarter of last year. Operating income for the full year of $193.0 million, up 16% compared with the previous year. • Net income for the fourth quarter of $36.3 million, compared with net income of $57.8 million in the same quarter last year (fourth-quarter 2006 results included a contribution to net income of $19.4 million from Stolt Sea Farm's 25% share of Marine Harvest, which was sold in the first quarter of 2007). Net income for the full year of $216.4 million, up 8% from $199.9 million in the prior year. • The Stolt Tankers Joint Service Sailed-in Time-Charter Index was 1.25, down 7% from 1.34 in the fourth quarter of 2006. • At Stolt Parcel Tankers, growth in operating income was impacted by higher operating costs.

International Shipholding Corporation Reports Third Quarter Results

International Shipholding Corporation reported results for the quarter ended September 30, 2001. Net loss for the third quarter was $165,000 as compared to net income of $418,000 for the third quarter of 2000. For the nine months of 2001, International Shipholding Corporation reported a net loss of $62.9 million as compared to net income of 461,000 during the first nine months of 2000. The nine-month results for 2001 reflect a previously reported asset impairment loss of “Assets

Good Performance by Dun & Bradstreet in 3Q 2014


  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. "There are ever more market signals indicating growing demand for actionable data and insights and we are well positioned

Euroseas Reports Results for the 1Q

Euroseas Ltd. , an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the First Quarter ended March 31, 2007. For the first quarter of 2007, the Company reported total net revenues of $13.5 million and net income of $9.5 million representing a 45% and 177% increase, respectively, over total net revenues of $9.3 million and net income of $3

Maersk Posts Record Profit Despite Pressure in Shipping Rates

Courtesy: Maersk Line

 Maersk Line has reported a profit of $2.3bn for 2014 a 50% increase over the previous year, and expects a higher result in 2015, though the shipping rates remain under pressure.   But 2015 is expected to yield less impressive results due to falling oil prices. The Chief Executive Officer Nils Smedegaard Andersen says shipping rates remain under pressure but maintains the business is "doing very well at the moment."   

Cummins Reports Results for Q2 2013

Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in North America increased by 7% and international revenues declined by 4%. Within international markets, growth in Brazil and China was offset by weaker demand in Europe, India and Mexico.

Brunswick Reports Q1 Results

 Brunswick Corporation (NYSE:BC) reported results for the first quarter of 2010:   --  Total net sales of $844.4 million, up 15 percent versus 2009.   --  A net loss of $13.0 million, or $0.15 per diluted share, which includes $0.08 per diluted share of restructuring and impairment charges and $0.02 per diluted share of benefits from special tax items.   --  Operating earnings of $10.1 million, a $137.6 million improvement from prior year.

Examining the Fate of Fukushima Contaminants

Researchers deployed time-series sediment traps 115 kilometers southeast of the nuclear power plant at depths of 500 meters and 1,000 meters. The two traps began collecting samples on July 19, 2011—130 days after the March 11 earthquake and tsunami—and were recovered and reset annually. (Makio Honda, Japan Agency for Marine-Earth Science and Technology)

A fraction of buried, ocean sediment uncovered by typhoons, carried offshore by currents   An international research team reports results of a three-year study of sediment samples collected offshore from the Fukushima Daiichi Nuclear Power Plant in a new paper published August 18, 2015, in the American Chemical Society's journal, Environmental Science and Technology.   The research aids in understanding what happens to Fukushima contaminants after they are buried on the seafloor

TEN Reports 4Q Results


18th consecutive year of profitability Company declares quarterly dividend of $0.15 payable in April 2011 Total dividends reach $333 million since 2002 NYSE listing 2010 HIGHLIGHTS - Voyage revenues of $408.0 million. - Operating income of $80.7 million, after vessel impairment charge of $3.1 million. - Net income of $19.8 million, after vessel impairment charge of $3.1 million. - EPS (diluted) of $0.50 ($0.58 per share excluding impairment charge). 

Cruise LIne Sees European Financial Woes Impact

Royal Caribbean reports Q2 2012 results and updates 2012 guidance Extracts from the company's report are as follows: Since the company's April guidance, the strengthening of the U.S. Dollar and decreases in fuel pricing have essentially offset one another.  Business demand remains solid in the Caribbean and Asia, but larger than anticipated discounting has been required in Europe which has resulted in a one percentage point decline to the midpoint of the company's Constant-Currency Net

Rand Takes Delivery of Newest Self-Unloader

Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels.   According to Rand, the new vessel will have the largest carrying capacity of any

Insufficient Steel Found in Panama Canal Locks Sill

Photo: ACP

The seepage found in the Panama Canal’s third set of locks is said to be the result of an inadequate amount of steel reinforcement, the Panama Canal Authority (ACP) announced today.   ACP said it was informed by the contractor responsible for the design and construction of the

New Bulkers Launched into Fuel-saving Future

View of the Elsabeth C and Mirela tied up in port in China (Photo: MAN Diesel & Turbo)

One of the first commercial applications of MAN Diesel & Turbo’s new MAN Alpha Kappel FP propeller took place off the coast of China recently when the vessel Elsabeth C, a 58,500-dwt Supramax bulk carrier owned by Frontmarine Co. Ltd – an affiliated and managed company of

China Probes Shipping Lines

Image: Ningbo Port Group

Seven of Chinese state departments are investigating four local shipping companies over allegations that they have levied arbitrary and excessive charges for port services following complaints from foreign trade firms, reports Reuters.  

Will Opening of Expanded Panama Canal Be Delayed?

Photo: Panama Canal Authority

 Though cracks were detected in the concrete walls of one of the locks of the newly expanded Panama Canal last month, the  Panama Canal Authority (ACP) is maintaining an April 2016 start date for the revamped inter-oceanic waterway, reports Fox News.  

UK Chamber signs MOU with Society of Maritime Industries, British Marine

Photo: UK Chamber of Shipping

 The UK Chamber of Shipping has signed a Memorandum of Understanding with the Society of Maritime Industries and British Marine, to set out the basis for the three organisations to work together for the benefit of the industry as a whole.  

Sea Trials Delayed for Gerald Ford

Aircraft carrier Gerald R. Ford (CVN 78) in November 2013 (Photo by Chris Oxley / HII)

The sea trial schedule for the aircraft carrier USS Gerald R. Ford has been delayed six to eight weeks after shipboard tests fell behind schedule, the U.S. Navy said on Tuesday. The aircraft carrier, being built by Huntington Ingalls Industries Inc

The Economic Cost of a Warming Arctic: $43 trillion

The village of Qannaaq, Greenland, in the Arctic, is built on permafrost. Photo Credit: Andy Mahoney/NSIDC

 Greenhouse gas emissions from thawing Arctic permafrost could result in an additional $43 trillion in economic impacts by the end of the twenty-second century, according to a new study by researchers from the University of Cambridge and the U.S. National Snow and Ice Data Center (NSIDC)

Tough Times Loom for Offshore Energy Insurance -IUMI

Speaking at this year’s IUMI conference in Berlin, Simon Williams, Chairman of IUMI’s offshore energy committee reported continuous growth in the sector with 2015 capacity reaching around $7 billion, though he cautioned that $5.5 billion was more realistic.  

Losses Impacting Marine Cargo Insurance Market


Speaking at this year’s IUMI annual conference in Berlin, Nick Derrick, Chairman of IUMI’s Cargo Committee warned that large cargo losses were having a significant impact on the marine insurance sector. The recent incident at the port of Tianjin should, according to Derrick

China Port Cargo Losses to Reach $1.5 bln

Explosions in the Chinese port of Tianjin last month would lead to cargo losses of at least $1.5 billion, and were having a "significant impact" on the marine insurance sector, a trade body said on Tuesday. "We are expecting to see cargo losses of at least $1

IUMI Sees Challenges Amidst Growth


The International Union of Marine Insurance (IUMI) unveiling its annual statistical report on the marine insurance market   Global premiums for 2014 amount to USD 32.6bn. Although a 3.2% reduction on the 2013 figure, converting local currencies to a single US dollar figure was impacting on

Swedish Club 1H post $ 6.3 mln Deficit


  In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts.   Underwriting performance registered a combined ratio of 112% but remains slightly

Iran to Exporting LNG via Terminals in Spain

Image: Adriatic Liquefied Natural Gas (LNG) Terminal, Algeciras. Credit: Arup

 Iran has received a proposal from Spain to use its terminals to export Liquefied natural gas (LNG) to Europe, reports Press TV   The proposal was discussed during the meeting of Iran’s Oil Minister Bijan Zangeneh with the visiting Spanish Minister of Industry

‘Chapplaincy’ for Better Seafarers' Welfare Support


  Smartphone App created with support from Augustea Group and MarineTraffic will help charity deliver improved service and better measure impact of its work Sailors’ Society, one of the largest seafarer support charities operating internationally

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