P&O Nedlloys Posts Best-Ever 1Q Numbers

Wednesday, May 09, 2001
Container shipping group P&O Nedlloyd posted its best ever first-quarter operating profit on Wednesday, helped by lower fuel prices and a seven percent rise in traffic. The company, a joint venture between Britain's P&O and Dutch Koninklijke Nedlloyd Groep, reported an operating profit of $31 million for the three months, compared with a year-ago loss of $14 million. In addition to a traffic volume rise, the firm said revenue rates rose by five percent from a year ago, although they remained flat compared to the fourth quarter of 2000. But the company again declined to offer a full-year forecast, citing continued uncertainty in the world economy, although it said it was on 'solid footing' to withstand those uncertainties. - (Reuters)
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

EUROPA 2 Undergoes First Scheduled Docking

As part of its first scheduled docking, Hapag-Lloyd Cruises’ EUROPA 2 underwent technical maintenance at Blohm + Voss in Hamburg from April 11-24, 2015.   At the same time,

SCHOTTEL to Present Inland Offerings

SCHOTTEL will present its expertise to the U.S. inland market at the upcoming Inland Marine Expo in St Louis, June 15-17, 2015: strong push boats in Brazil, big

SCH Services Anthem of the Seas in Southampton

Terminal operators Southampton Cargo Handling (SCH) are utilizing their considerable experience in handling cruise vessels to service the biggest cruise ship to call in the port of Southampton.

Finance

Oil Price Shock Soon to be Positive Overall for Canada

Canada's economy will start to show more positive effects from the drop in oil prices than negatives from the second quarter onwards, Bank of Canada Governor Stephen Poloz said on Friday.

Total Eyes Sale of its Fuel Retailing Business in Turkey

Total aims to exit its fuel distribution business in Turkey and has asked Societe Generale to lead the sale, sources said on Friday, as the French oil producer

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

 
 
Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Port Authority 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: 0.1222 sec (8 req/sec)