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 June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Travel Aboard One of the World’s Largest Containerships

CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs containerships, such as the CMA CGM MARCO POLO or the CMA CGM ALEXANDER VON HUMBOLDT.

Concordia Expected to Reach Genoa Saturday

The Crowley Maritime Corp. subsidiary TITAN Salvage and partner Micoperi have confirmed that the Costa Concordia – the Concordia class cruise ship that wrecked along shores of Giglio Island,

Concordia Finally Heads for Scrapyard

The rusty hulk of the Costa Concordia began its journey to the scrapyard on Wednesday, after a two-year salvage operation off the Italian island where the cruise liner capsized two years ago,

Finance

Seadrill Bondholders: Majority Accept Conversion Offer

Seadrill Limited says that holders of approximately US$547 million of Seadrill's convertible bonds due 2017 (representing approx. 84.1% of the total outstanding

General Dynamics Reports 2Q 2014 Earnings

General Dynamics today reported 2014 second-quarter earnings from continuing operations of $646 million, or $1.88 per share on a diluted basis, compared to second-quarter

Trading Dutch Well Placed to Pursue Russia Sanctions

The seafaring Netherlands prides itself on being a trading nation, reluctant to let politics get in the way of a good deal. But since the downing, allegedly

 
 
Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1027 sec (10 req/sec)