Tidewater Reports 3Q Results

Friday, February 01, 2008
Tidewater Inc. announced third quarter net earnings for the period ended December 31, 2007, of $89.4 million, or $1.66 per common share, on revenues of $314.2 million. For the same quarter last year, net earnings were $93.4 million, or $1.67 per common share, on revenues of $287.9 million. The immediately preceding quarter ended September 30, 2007, had net earnings of $86.5 million, or $1.56 per common share, on revenues of $319.0 million.

Included in net earnings for the quarter ended December 31, 2006, was a gain of $6.0 million ($3.7 million after tax, or $0.07 per common share) related to the sale of three of the Company's offshore tug vessels for a total sales price of $8.9 million.


Finance

Yangzijiang Shipbuilding to Slash 2,000 More Jobs

Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up

Australia Warns DCNS after Security Breach

Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines,

Hapag-Lloyd: UASC Merger Benefits to show in 2017

German container shipping line Hapag-Lloyd expects to reap a third of targeted annual synergies of $400 million from the planned merger with Arab rival UASC already next year,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
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: 0.0771 sec (13 req/sec)