Sea Containers Announces 2001 and 4Q Results

Friday, March 22, 2002
Sea Containers Ltd. announced its results for the quarter and year ended December 31, 2001. Net losses for the quarter were $9.1 million on revenue of $296 million, compared with net losses in the fourth quarter of 2000 of $15.8 million on revenue of $306 million. This improvement of $6.7 million was accomplished despite leisure earnings net of minority interest being $5.6 million less primarily due to the effects of the September 11th terrorist attack. Strong fourth quarter performance from the company's ferry operations, particularly the Silja and Isle of Man Steam Packet subsidiaries, as well as a $3 million improvement in container leasing earnings after interest expense, contributed to the better results. For the year 2001 net earnings were $4.5 million on revenue of $1.3 billion, compared with net earnings of $44.9 million on revenue of $1.4 billion in 2000.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Silversea Cruises Plans New Flagship

Cruise operator Silversea Cruises has unveiled its new flagship, the Silver Muse, which will begin sailing the seas in April 2017.    Built by Italian shipbuilding company Fincantieri,

Silversea Cruises Orders Luxury Ship from Fincantieri

Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017.    At 40,700 grt and accommodating 596 guests,

Confidence Low in Shipping Idustry

Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry,

Finance

FSL Trust Inks Tanker Contracts

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust announced new time charter agreements for FSL Shanghai, FSL Hamburg and FSL Singapore.

Hercules-2 Officially Launched

MAN Diesel & Turbo, Wärtsilä and Winterthur Gas & Diesel to collaborate on major, EU-funded project.   A major cross-industry initiative led by MAN Diesel & Turbo,

ST Marine Launches First LMV for RSN

Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching ceremony for the first

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1232 sec (8 req/sec)