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Unaudited Results

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:   Stolt Tankers reported an operating loss of $2.8 million, compared with an operating profit of $2.6 million, reflecting lower revenue and higher operating costs, and $2.0 million of one-time charges The Stolt Tankers Joint Service Sailed-in Time-Charter Index[1] was 1.12, down from 1.14. Stolthaven Terminals reported an operating profit of $23.3 million, up from $22.9 million, as overall market conditions remained strong.  Current results reflect one-time net gains of $6.9 million, compared with one-time net gains   of $7.4 million in the fourth quarter. Stolt Tank Containers reported an operating profit of $15.2 million, down from $17.5 million, reflecting increases in both ocean and inland freight rates. The current quarter also included a $1.3 million tax provision relating to prior years. SSF reported an operating loss of $0.1 million in the first quarter, compared with a fourth-quarter operating loss of $2.0 million, excluding a $6


Keppel Issues Unaudited Results for First Quarter

The Directors of Keppel Corporation Limited has issued unaudited results of the Group for the first quarter ended March 31, 2012. Net profit improved 141 percent, to S$751 million, compared to 2011's S$312 million. Earnings per share of 41.9 cents were up 138 percent from 1Q 2011's 17.6 cents. “I am happy to report that, for the first quarter of this year, Keppel Corporation has turned in a better performance than the corresponding period last year,” said Choo Chiau Beng


Stolt-Nielsen Reports 3Q Results for 2011

Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the third quarter ended August 31, 2011.  Net profit attributable to shareholders in the third quarter was $22.4 million, with revenue of $529.8 million, compared with $32.4 million and $528.0 million, respectively, in the second quarter of 2011.     Highlights for the third quarter of 2011, compared with the second quarter of 2011, were:  


Stolt-Nielsen Reports Improved Fourth Quarter

Photo: Stolt Tankers

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 $521.8 million, respectively, in the third quarter of 2013. Net profit attributable to shareholders for 2013 was $85.8 million, with revenue of $2,099.5 million, compared with $70.2 million, with revenue of $2,071


Greeces's Danaos Reports 2011 Results

Greek-based containership owner Danaos Corporation (NYSE: DAC) reported unaudited results for the quarter and full year ended December 31, 2011.  Highlights for the Fourth Quarter and Full Year Ended December 31, 2011: - Operating revenues of $128.3 million for the three months ended December 31, 2011 compared to $100.5 million for the three months ended December 31, 2010, an increase of 27.7%.  - Operating revenues of $468


Baltic Sea Shipping Company Increases Profits in Q1 2012

AS Tallink Grupp announce unaudited net profit in second quarter 2012 increased by 47%. AS Tallink Grupp is one of the largest ferry companies in the region, operating six routes between Finland, Sweden, Estonia and Latvia. The company has over 9 million passengers annually (2010/2011) and employs 6800 people. The leading shipping company on the Baltic Sea, AS Tallink Grupp announce that the company has increased the unaudited net profit of second quarter by 47 percent


Chinese Shipbuilder Warns of Loss

In accord with  Hong Stock Exchange rules China Rongsherg Rongsheng Heavy Industries Group announces an expected net loss for year ending 2012. The Company believes that the net loss is primarily attributable to the decline in the shipbuilding market during the eleven months ended 30 November 2012, which led to the sharp decrease in the orders and prices of vessels compared with the same period last year.


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


China COSCO Scrap Seven Ships

A COSCO bulker: Image COSCO

China COSCO Holdings inform that in accordance with its plan to streamline its fleet it sent 7 vessels for demolition in April 2014. Details as follows: The scrapped ships were the container ship Dahe, and six bulk carriers (Feng Guanghai, Tian Changhai, Fuqiang, Leyuan, Fuyou and Lehuan). The vessels, with the aggregate capacity of 530,790 deadweight tons, were disposed of as scrapped vessels to different purchasers, at a total consideration of approximately RMB166.09 million (US$26.57m))


Clarksons Report Strong First Half Performance

Clarkson logo

Leading shipping services group Clarkson PLC (Clarksons) has reported its unaudited Interim Results for the six months ended 30, June 2014. Summary     •    Strong performance in continued challenging market conditions     •    Revenue increased by 25% to £111.7m (2013: £89.1m) despite currency headwind     •    Underlying profit before taxation* 46% ahead at £15


Container Manufacturer Reports Profit Plunge

Container stack: File photo

World-leading container manufacturer and logistics services provider Singamas Container Holdings Limited (Singamas) has  announced its unaudited interim results for the six months ended 30 June 2014. Net profit were down almost 52 per cent to US$13


ST Engineering 2Q 2014 Unaudited Results

Mr TAN Pheng Hock  President & CEO  Singapore Technologies Engineering Ltd

  Singapore Technologies Engineering Ltd (ST Engineering) announced today that the Group posted quarterly revenue of $1.59b for the second quarter ended 30 June 2014 (2Q2014), which is comparable with the prior year’s revenue in the same period.


Singapore's ASL Marine Issues Profit Warning

ASL Marine Holdings Ltd informs that following a preliminary assessment of the financial results for the fourth quarter ended 30 June 2014, it is expected that the Company and its subsidiaries will report a loss in the consolidated net results for 4Q FY2014.


1H 2014 Profits of Port of Tallinn Up 16%

Port of Tallinn

  Port of Tallinn earned an unaudited half-year net profit of 20.2 million euros with company’s turnover reaching 59 million euros. Compared to last year the turnover increased by 7% and the net profit by 16%. “The first half of this year introduced the best ever figures for


Danaos Corporation 2Q and 1H 2014 Results

Danaos Corporation

  Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014. Highlights for the Second Quarter and Half Year Ended June 30, 2014:


GE Shipping Q4 FY14 Results & Conference Call Details

G. E. Shipping

  The Board of Directors of The Great Eastern Shipping Company Ltd (G E Shipping) will meet on Wednesday, 7th May 2014, to consider Unaudited Results (Provisional) for the quarter ended 31st March  2014. An Earnings Call has been scheduled at 04:30 pm (IST) on Wednesday, 7th May


Keppel Q1 Profits Dip Slightly

Maersk Intrepid was delivered by Keppel in Q1 2014 (Photo courtesy Maersk)

The Keppel Corporation released its limited unaudited results for the first quarter ending March31, 2014, reporting a 5% decrease in net profits to S$339 million compared to Q1 2013's S$357 million, though the company attributed the decline to one-off gains from the reversal of provision from the


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


Stolt-Nielsen to Present Q1 Results

Photo: Stolt-Nielsen

Stolt-Nielsen Limited (Oslo Bors: SNI) announced today that a presentation and video webcast to discuss the company's unaudited results for the first quarter of 2014 will be held on Thursday, April 03, 2014 at 3 p.m. CEST (9 a.m. EDT, 2 p.m. BST) in the auditorium at Swedbank, Filipstad Brygge 1


Port of Cleveland Urges USACE to Start Dredging

Arrival Cleveland: Image courtesy of Port of  Cleveland

To avoid significant financial losses to the port and local economy, dredging the Cuyahoga River and Cleveland Harbor must start without delay considered the Port Board at its March 2014 meeting. Accordingly they directed the  Port’s management to work with U.S


DryShips & Subsidiary Ocean Rig Report Rough & Smooth Q4 2013

Image courtesy of Ocean Rig

Greek-based drybulk & tankship owners DryShips and subsidiary offshore deepwater drilling service provider Ocean Rig announce unaudited financial and operating results for the fourth quarter, year ended 31, December 2013. DryShips Fourth Quarter 2013 Financial Highlights


Global Ship Lease Further De-Levers in Q4 2013

Containership Julie Delmas: Photo courtesy of the owners

Containership charter owners, Global Ship Lease, Inc. has announced unaudited results for the three months and year ended December 31, 2013, excerpted as follows: Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "In the fourth quarter of 2013


Star Bulk Reports Improved 2013 3Q Results

Photo: Star Bulk

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the three and the nine months ended September 30, 2013. Adjusted Net income for the third quarter of 2013 was $2


Global Ship Lease Profits Slip in Q3 2013

Chartered vessel: Image courtesy of GSL

Container ship charter owners Global Ship Lease (GSL) announce its unaudited results for the 3 months and 9 months ended September 30, 2013. The 17 vessel fleet generated revenue from fixed rate long-term time charters of $36.1 million in the three months ended September 30, 2013, down $3


COSCO Updated Q3 2013 Financial Report Remains Cheerless

COSCO Zhoushan Shipyard: Photo courtesy of COSCO

COSCO Corp. (Singapore) has re-issued its unaudited Third Quarter Financial Statement for the financial period ended 30, September 2013, as follows: Overall, net profit attributable to equity holders of the Company decreased 84.1% from $26.6 million in Q3 2012 to $4






 
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