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Year Results

Lloyd's Register To Announce Full Year Results

Lloyd’s Register, an independent technical organization that works to improve its clients’ quality, safety, environmental and business performance, will announce full year results for the year to June 2001 on Thursday, December 13, 2001.


Lloyd's Register Returns To Profitability

Lloyd’s Register Group announced full year results for the year ended June 30, 2001. Lloyd’s Register reports that operating profit for the 12 months at $35 million, with a record income up 11 percent at $519.2 million, which return it to profitability six months ahead of target. With the business restructured, Lloyd Register’s non-core activities were successfully exited. David Moorhouse, Chairman of Lloyd’s Register


Smit Profit Soars 60%

Smit International announced that its mid-year results saw profits soar 60% from EUR 29.7 million to EUR 47.5 million, driven by an extremely busy six months and good results in its salvage division, and strong pricing and utilization in its Transport & Heavy Lift Division. "The exceptionally high results in the second half of 2006 were continued in the first half of 2007, with our net profit rising 60% relative to the first half of 2006,” said CEO Ben Vree


Nedlloyd Posts Loss

Dutch shipping firm Koninklijke Nedlloyd Groep NV posted a first-quarter net loss of 17 million euros, but said it expected full-year results from ordinary activities to be "clearly positive." The shipping and road transport group, which holds a 50 percent stake in the P&O Nedlloyd joint venture with Britain's P&O, said its losses equaled those in the first quarter of 1999 and were largely due to strength in the U.S. dollar versus the euro


Dril-Quip Q4 & Year End Results

Dril-Quip, Inc. (NYSE:DRQ) announced net income of $28.7 million, or $0.72 per diluted share for the three months ended December 31, 2009, versus net income of $25.0 million, or $0.64 per diluted share for the fourth quarter of 2008. Total revenues increased to $141.3 million for the quarter ended December 31, 2009 from $135.5 million for the same period in 2008. The increase in revenues resulted from increases of $15.6 million in subsea equipment revenues and $0


Kirby to Announce 4Q Results on 30 January

Kirby Corporation To Announce 2012 Fourth Quarter And Year Results On January 30, 2013, With Conference Call On January 31, 2013.   Kirby Corporation ("Kirby") (NYSE:KEX) will announce its 2012 fourth quarter and year results at 5:00 p.m. central time on Wednesday, January 30, 2013.  A conference call to discuss the results will be held at 10:00 a.m. central time on Thursday, January 31, 2013.  


Is Cammell Laird In Trouble?

British shipmaker and repairer Cammell Laird has been struck a heavy blow by the termination of a key cruise ship contract, which it said on Monday would have a "significant impact" on year results. The company also said Chief Executive John Stafford had resigned, to be replaced for now by Finance Director Jon Schofield, one of several management changes made "to ensure the optimum development and focus of our expanded international operations."


GlobalSantaFe Reports 4Q and Full Year Results

Houston-based worldwide drilling contractor GlobalSantaFe Corporation reported net income for the quarter ended Dec. 31, 2001, of $11.7 million, or $0.07 per diluted share, on revenues of $384 million, as compared to net income of $40.9 million, or $0.34 per diluted share, on revenues of $332 million for the same quarter in 2000. For the year ended Dec. 31, 2001, the company reported net income of $198.8 million, or $1.50 per diluted share, on revenues of $1.3 billion


Port of LA Breaks Record

For the second consecutive year, the Port of Los Angeles experienced record-breaking exports as outbound container volumes surged 14.5 percent in 2011 compared to 2010. Imports also increased 2.3 percent compared to the previous year. Total annual volumes, including empty containers, rose 1.4 percent. Complete statistics are available here. “We’re fortunate to have stronger year-over-year results in 2011 but we are not resting on our laurels as the nation’s premier trade


Sick Ship: More Than 100 Reported Ill on Cruise

A cruise ship with more than 100 passengers and crew suffering from a gastrointestinal ailment caused by Norovirus, have arrived in San Diego, a cruise line spokeswoman said on Thursday.   The Crown Princess, carrying 3,141 passengers in all, docked in San Diego and planned to continue on to Los Angeles on its normal itinerary along the coast of California and Northern Mexico. Onboard testing proved the presence of Norovirus, said Princess Cruises spokeswoman Karen Candy.  


Horizon Lines Continue to Improve Performance in Q4 2013

Photo courtesy of Horizon Lines

Horizon Lines has released its fourth-quarter 2013 financial results showing an adjusted EBITDA increase of 33.1%, which is its 4th consecutive quarter of double-digit Improvement
. "Horizon Lines fourth-quarter adjusted EBITDA increased 33


China Asked To Speed Up Maritime Security Talks

Naval clashes

  Southeast Asian foreign ministers voiced "serious concerns" on Saturday over naval clashes between Vietnam and China as the regional group's top official urged Beijing to step up efforts to advance talks on maritime security.


Manitex International, Inc. Announce Q1 2014 Results

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Manitex International, Inc. (Nasdaq: MNTX), a leading international provider of cranes and specialized material and container handling equipment reported an increase in net revenues of 5.1% in their first quarter 2014. The increase was $62.6 million from $59.6 million for the same period a year ago


Weakening Energy Sector a Factor in Fugro Profit Slide

Seismic data acquisition: File image

Following a weak first quarter and due to poorer than expected results during the past months, Fugro says it  has decided to disclose preliminary non-audited information on its performance in the first half of 2014. Excerpts as follows: Fugro expects to report over first half of 2014:


Steamship Mutual Addresses Underwriting Imbalance

Photo: Steamship Mutual

Steamship Mutual released interim financial results for the year ending February 20, 2013. As with all international group clubs, underwriting performance for the year ended February 20, 2013 was adversely affected by the worst pool experience on record


Lukoil Develops Cylinder Oil Reducing Wear and Consumption

Maritime industry lubricant specialist Lukoil Marine Lubricants Ltd. reported that it expanded sales in the 2012 business year by 74% to around $200 million. Established in 2008, the subsidiary of Russian oil group Lukoil continues to grow rapidly


Irish Continental Group Half Year Results

Half Yearly Financial Report for the Half Year Ended  Good volume growth in freight  Passenger and car markets mixed in first half but summer trading satisfactory  Increase in Revenue (up 3.3%), EBITDA (up 12.1%) and Basic EPS (up 19.7%)


Royal Caribbean Liner Set for New Orleans Maiden Voyage

Serenade of the Seas (Photo Credit: Royal Caribbean International)

Royal Caribbean International’s newly revitalized 2,360-passenger Serenade of the Seas arrives at the Port of New Orleans’ Julia Street Cruise Terminal Dec. 12 to sail weekly itineraries through April. The 965-foot cruise ship was completely refurbished in December 2012 and replaces


Lukoil: Cylinder Oil to Reduce Wear, Consumption

Lukoil Marine Lubricants reports that it has expanded its sales in the 2012 business year by 74% to around $200m. Established in 2008, the subsidiary of Russian oil group Lukoil continues to grow rapidly. As Lukoil Marine Lubricants CEO Victor Zhuravskiy recently said


U.S. Port Security and the Impact of Sequester & Budget Woes

Coast Guard transportable port security boats attached to Port Security Unit 308 and riverine command boats from Riverine Squadron (RIVRON) 2 practice maneuvers together in the Intracoastal Waterway in North Carolina. (U.S. Navy photo by Mass Communication Specialist 1st Class Richard Brunson)

Impact of the Sequester and Budget Showdowns on Ports and Port Security & the Outlook for WRDA   This article describes the impact of the “sequester” and budget showdowns on ports and port security, and also gives a preview of the House-Senate Conference on the Water


Port of Kiel Reports 2013 Handling Performance

Port of Kiel maintains handling performance

Rail/ship intermodal handling achieves double-digit growth. The port of Kiel said it successfully maintained a sound handling result in 2013. With a performance of 6.32 million tons the result for the previous year was even slightly surpassed by 12,000 tons resp. 0.2 %


Knightsbridge Reports 2013 Results

Highlights:   Knightsbridge reports net income of $3.0 million and earnings per share of $0.10 for the fourth quarter of 2013. Excluding the results from discontinued operations, the company reports net income of $3.5 million and earnings per share of $0.123 for the fourth quarter


Remote Control Boat Assists Flood Repair

seal sands.jpg

A remote control boat equipped with a SonTek M9 Acoustic Doppler Profiler (ADP) has been employed with HydroSurveyor software to create a three-dimensional map of a damaged (and still submerged) flood barrier, following serious damage that took place during last December’s storms


Euroseas Report Adverse Financial Winds in Year 2013

Image courtesy of Euroseas

Greece-based container ship & drybulk ship owners and operators Euroseas have released its results for the three month period and full year ended December 31, 2013, with the following highlights: Full year 2013 Net loss of $103.4 million, or, $2


Bourbon's Revenues up in 2013

Net Income Group share up 174% to €115 million. Increased operating margin1 and capital gains generated €575.7 million EBITDA, up 41.7% compared to 2012.   EBITDAR2 (excluding capital gains) reached €450.3 million (+17.6%), an increase of 2.1 pts to 34






 
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