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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


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


Good Performance by Dun & Bradstreet in 3Q 2014

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  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


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."   


As Oil Plunges, Traders Generate Record Earnings

Oil traders are profiting handsomely from a crude price crash to near an 11-year low, even as it forces energy companies around the globe to slash costs and postpone projects.   From listed giant Glencore through unlisted Swiss privately-held Trafigura, to the trading desks of majors BP and Shell, traders have often done well in times of oil price downturns, and markedly so this time around.   On Monday, Trafigura, which trades roughly 3 percent of global oil


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.


TEN Reports 4Q Results

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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). 


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.


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


GOGL Sinks into Loss

Photo: Golden Ocean Group Limited

Dry bulk shipping company Golden Ocean Group Limited, while announcing its preliminary results for the quarter ended September 30, 2016, informed that it suffered a net loss of $26.7 million and a loss per share of $0.25    Highlights  


MOL Smart Ship Project Launched

Concept Image MOL

Mitsui O.S.K. Lines, Ltd. today announced the launch of the ISHIN NEXT ~ MOL SMART SHIP PROJECT ~, a new technological development project that builds on the success of the Senpaku ISHIN project (Note 1) , announced in 2009. Through the project


Investigation Report for the Grounding Incident of MV Sea Prince

Image: Maritime and Port Authority of Singapore

 On 29 November 2015 at about 7.50 pm, the Indonesian registered, Batamfast passenger ferry MV Sea Prince, while enroute from Nongsapura Ferry Terminal, Batam, to Tanah Merah Ferry Terminal, Singapore, was immobilised at about 0.24 nautical miles (444 metres), northwest of Nongsa.  


New Satellite Communications System For Workboats

OmniCom (Photo: McMurdo)

McMurdo has announced a new global satellite communications system, McMurdo OmniCom, the first in a family of products that will be rolled out over the next six months to provide complete worldwide fleet management and vessel monitoring solutions for the workboat


Japanese Shippers Jolted as Strong Yen Pummels Bottom Line

a 14,000 TEU K Line boxship (CREDIT: K Line)

Japan's big three shippers will report earnings on Monday as yen strength threatens to widen annual loss estimates, in a sector shaken by shrinking demand and over capacity that has already sunk a major carrier. Nippon Yusen KK (NYK), Mitsui OSK Lines Ltd (MOL) and Kawasaki Kisen Kaisha Ltd


Seaspan Declares Q3 Results

Photo: Seaspan Corporation

 Seaspan Corporation announced its financial results for the three and nine months ended September 30, 2016. Revenue edged up thanks to new additions to its fleet, including the delivery of one newbuild vessel during the quarter.   


Maersk Box Unit Records Q3 Loss

File image (Credit: port of Savannah)

A.P. Moller-Maersk , the world's biggest shipping firm, said the container business on which it is staking its future made a loss in the third quarter of the year as freight rates declined further.   Shares in the Danish company fell as much as 9 percent after profit in the three months to


Ship Design: Monitoring and Analysis for Emissions Reduction

Example of vessel whereby the amount of cargo carried is difficult to quantify in single MRV indicator. (Picture courtesy of Spliethoff)

Designing for ship performance: monitoring and analysis for CO2 emissions reduction   In April 2015, the European Union adopted a mandatory Monitoring, Reporting and Verification (MRV) regulation for CO2 emissions resulting from maritime transport


DNV GL Adds New Functionality to ECO Insight

Image: DNV GL

 The latest release of DNV GL’s fleet performance management solution ECO Insight adds a range of new analytical and reporting features to the market leading portal.    The new features enable shipowners to manage more vessel data than ever


Boom at Port Everglades Continues

Port Everglades Exceeds One Million TEU Mark for Third Consecutive Year Photo Everglades  Port

Broward County's Port Everglades exceeded one-million TEUs (20-foot equivalent units, the industry's standard container measurement), for the third consecutive year, reporting a total of almost 1.04 million TEUs and maintaining its status as Florida's number one container port


Eagle Bulk Reports 3Q Loss

Photo: Eagle Bulk Shipping Inc.

 Connecticut-based Eagle Bulk Shipping Inc reported a loss of $19.4 million in its third quarter ended September 30, 2016. It had net loss of $20.4 million last year Q3.   It has a loss of 52 cents per share compared to  $10.83 net loss per share, for the comparable quarter in 2015


DVB Plans Capital Increase

German shipping bank DVB is preparing a capital increase due to losses taken on bad loans, two sources familiar with the matter said on Wednesday. An announcement by DVB, which is owned by DZ Bank , that it will issue new shares could come on Monday when it reports third-quarter results


Rickmers 9M Revenue Slips

Courtesy Rickmers Group

 * Compared to the previous year’s period, revenues fall by 15 percent to € 373.6 million •  * Operating result (EBITDA) falls by 31.1 percent to € 136.8 million •  * Group result remains burdened by the increase in non-cash extraordinary impairments on vessels of


Nordic American Tankers Expands Fleet to 33 Vessels

Photo: Nordic American Tankers

 Armed with $120m from the placement, Nordic American Tankers  (NAT) has contracted to increase its fleet from 30 to 33 vessels, enhancing its potential for both higher earnings and dividends.   The Company will have a fleet of 30 trading vessels in early 2017


Dynagas LNG Q3 Results

Photo: Dynagas LNG Partners

 Dynagas LNG Partners LP (DLNG) has reported third-quarter profit of $17.3 million.     On a per-share basis, the company said it had net income of 44 cents. Earnings, adjusted for non-recurring costs, came to 49 cents per share.  






 
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