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)

Cruise Ship Trends

MV WERFTEN, Foreship Sign Design Agreements

MV WERFTEN signed a letter of intent with the engineering company Foreship in Stralsund today. The agreement includes parts of the basic design as well as design,

Vard Bags Hapag-Lloyd Cruises contract for 2 Vessels

Vard Holdings Limited (“VARD”), one of the major global designers and shipbuilders of specialized vessels, is pleased to announce that it has secured contracts

Lucas Marine, Harbor Breeze Cruises Partner to Cut Fuel Costs

Lucas Marine is partnering with Harbor Breeze Corporation to help reduce the yacht charter and cruise company's fuel costs, maintenance and environmental impact in Los Angeles and Long Beach Harbors.

Finance

NParks, Keppel in S$2.08 mln Partnership for Restoring Singapore Forest Wetlands

The National Parks Board (NParks) and Keppel Corporation today unveiled plans for a partnership to restore the freshwater forest wetland ecosystem historically

Skaugen Goes to Red Again

Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Pod Propulsion Port Authority Salvage Ship Repair 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: 0.0738 sec (14 req/sec)