Sea Containers Announces 2001 and 4Q Results

Friday, March 22, 2002
Sea Containers Ltd. announced its results for the quarter and year ended December 31, 2001. Net losses for the quarter were $9.1 million on revenue of $296 million, compared with net losses in the fourth quarter of 2000 of $15.8 million on revenue of $306 million. This improvement of $6.7 million was accomplished despite leisure earnings net of minority interest being $5.6 million less primarily due to the effects of the September 11th terrorist attack. Strong fourth quarter performance from the company's ferry operations, particularly the Silja and Isle of Man Steam Packet subsidiaries, as well as a $3 million improvement in container leasing earnings after interest expense, contributed to the better results. For the year 2001 net earnings were $4.5 million on revenue of $1.3 billion, compared with net earnings of $44.9 million on revenue of $1.4 billion in 2000.
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Cruise Ship Trends

Disney's 'Frozen' Coming to the High Sea

Disney Ship is “Frozen” in Alaska. Nay...The ships are not really stuck — being “Frozen” is all about Disney’s blockbuster movie and it’s now spreading to the ships especially,

GE Powers Diadema Cruise Ship

Fincantieri shipyard to equip in-board propulsion for Carnival and Costa vessels, GE’s Power Conversion business has helped the shipyard successfully deliver the

Carnival, China Merchants Sign MOU

MOU will explore both Port & Destination Development and Ship-Owning joint ventures with the goal of potentially launching China’s first world-class domestic cruise brand.

Finance

Denmark's Budget Gap May Flirt with EU Limit if Oil Stays at $50

Denmark's government estimates its budget would lose 7.5 billion Danish crowns ($1.1 billion) if oil prices remained around $50 a barrel, according to a document

Sweden-Poland Maritime Link Improved

The EU's TEN-T Program will co-fund with over €2 million the development of the sea ports of Trelleborg (Sweden) and Świnoujście (Poland), to increase their competitiveness and sustainability,

West Coast Port Talks Clear Hurdle

Shipping companies and the union for 20,000 dockworkers at nearly 30 U.S. West Coast ports have cleared a major hurdle in their protracted labor talks, clinching

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
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: 0.1336 sec (7 req/sec)