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 February 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Marine Propulsion

First LNG-powered EcoLiner Launched

Europe’s greenest inland vessel debuts Damen group innovations   Damen Shipyards Group launched the first LNG-powered Damen EcoLiner inland shipping tanker

Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended

CTruk OWSV Enhanced with Volvo IPS

Since the launch of its first-of-class CTruk MPC22 late last year, the East Anglia-based workboat designer and builder informs it has incorporated performance feedback

Finance

Global LNG-Asia Prices Creep Higher on Japanese Demand

Asian spot liquefied natural gas prices edged higher as scattered demand from Japanese buyers and others helped stem the recent decline in prices, traders said on Friday.

Drop in Cocoa Bean Size Worries Ivorian Exporters

Dry weather in top cocoa grower Ivory Coast has caused a sharp drop in bean size and will delay the start of the April-to-September mid-crop by nearly two months,

Wärtsilä, CME Offer ‘Scrubber Finance’

Funding concept promotes installation of scrubber systems by offering financing to shipowners, with returns taken from fuel price spread   In a move intended

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Electronics Ship Repair 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: 0.1449 sec (7 req/sec)