Transocean Third Quarter Results

Wednesday, November 09, 2005
Houston-based Transocean said net income for the quarter rose to $170.4 million, or 50 cents a share, from $154.9 million, or 47 cents, a year earlier. Revenue for the three months ended Sept. 30 was $762.6 million compared with $651.8 million a year ago. But the company also warned that its fourth-quarter results are likely to be stunted by $40 million to $50 million due to repairs to some of its biggest rigs, which took a beating from the summer's Gulf of Mexico hurricanes, and lost revenue while the rigs are in dock. The market reacted to the news by sending Transocean briefly down as much as 1.6% before it popped back into positive territory on a 1.6% gain to $59.67. The company also warned that higher operating and maintenance expenses are expected to more than offset any increase in revenues the company might realize in the fourth quarter of 2005. Source: MarketWatch
Maritime Reporter January 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

Wärtsilä to Power LNG-fueled RoPax Ferry

A ferry being built for Sweden’s Rederi AB Gotland will be fueled by LNG, featuring a Wärtsilä integrated solution which includes a complete LNG powered propulsion- and fuel storage and supply system,

First Container for LNG Hybrid Barge

The HUMMEL (bumblebee) LNG Hybrid Barge will enable Becker Marine Systems to supply low-emission power to cruise ships lying at port in Hamburg. The first container

IntelliJet: Cleantech Propulsion for High Speed Applicatios

IntelliJet Marine, Inc. will present a paper on propulsion and computer simulation for sustainable high speed boats and ships at ASNE Day 2015.   Jeff Jordan

Finance

Shippers Must Monitor Greek Government Changes

Moore Stephens says shipping must monitor developments in wake of Greek government change   International accountant and shipping adviser Moore Stephens says

Chevron Scraps 2015 Share Repurchase Program

Chevron Corp halted its 2015 share repurchase program on Friday, a move to conserve cash amid tumbling oil prices.   The company's shares extended loses on the news,

Marquette Transportation Reportedly for Sale

Marquette Transportation Company LLC, a U.S. towboat operator, is exploring a sale that could value it at more than $1 billion and has attracted the interest of

 
 
Maritime Careers / Shipboard Positions Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.2044 sec (5 req/sec)