Stolt Offshore Anticipates Fourth Quarter Results

Thursday, January 17, 2002
Stolt Offshore S.A. announced that it expects recurring earnings for the fourth quarter of 2001 to be below previous guidance. A small loss for the quarter is expected due to delays in settling project variation orders and claims on the Girassol and Gulfstream projects. In addition, the Company will be writing off certain intangible assets relating to the Comex name, of $8 million, in the fourth quarter of 2001. The Company anticipates that earnings for the full year of 2002 will be between $0.35 and $0.70 per share with the first quarter earnings at a loss of $0.10 to $0.15 per share. There are currently a number of variables that will influence these results, including outstanding variation orders, which will be explained in detail on the year end financial results conference call on January 30, details of which are below.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

China Shipping Line to Buy 10 Vessels

China Shipping Container Lines Co is planning to buy around 10 ultralarge container ships for around $1.5 billion, despite the shipping industry struggles with a capacity glut, reports WSJ.

Cosco CSCL Merger Talks Continue

The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.   According to JoC, the Chinese

CMA CGM's Profits Jump 67% in Q2

French shipping giant CMA CGM, reported a 66.7% jump in net profit to $156m in the second quarter of 2015. The result compared to a $94m net profit in the same period a year earlier.

Passenger Vessels

First Damen Twin Axe Workboat for Middle East

Damen Shipyards Group has delivered a Damen Fast Crew Supplier (FCS) 2610 workboat, named AOS SWIFT for the Atlantic Maritime Group on 20 August 2015. This is

Deal Reached to End MyFerryLink Dispute

A deal was reached on Monday to save hundreds of ferry jobs at the northern French port of Calais, the French transport minister said, ending a dispute that has

Titanic's Last Luncheon Menu Heading to Auction

More than a century after first-class passengers aboard the ill-fated Titanic ate grilled mutton chops and custard pudding in an elaborate dining room, the ship's

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction
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: 0.2179 sec (5 req/sec)