Zacks Releases Latest Industry Outlook

Tuesday, February 07, 2006
Zacks released its latest Industry Outlook and identified the best stocks in the top-ranked industries. Featured in the latest report is the transportation - shipping industry with a focus on Hornbeck Offshore Services, Inc., OMI Corporation and Tidewater Inc. According to the report, strong OSV market conditions in the U.S. Gulf of Mexico led to a solid third-quarter report for Hornbeck. In early November, the company posted earnings per share of 44 cents, which was almost triple the year-earlier result of 15 cents. Revenues surged 41.3% to $46.5 million, versus $32.9 million a year earlier.

OMI Corporation’s third quarter, which was announced in mid-October, turned out to be the second best third quarter in the company's history. Earnings per share, excluding special items, reached 46 cents, which topped the consensus by more than 4.5%. Meanwhile, revenues advanced 11% to $143.2 million from $129.4 million. Tidewater Inc. recently reported fiscal third quarter earnings of $1.04 per share on revenues of $234.6 million. The earnings result marked a substantial year-over-year improvement from 34 cents and also topped the consensus by about 3%. Revenues advanced 25% from $187.6 million.

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Contracts

Bestobell Bags HHI's Valve Order

Bestobell Marine, a world leading supplier of cryogenic valves for ships, has won a major new order from Hyundai Heavy Industries (HHI) in South Korea to supply valves for two new vessels.

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

Fjords Processing Bags Johan Sverdrup Contracts

Fjords Processing, headquartered in Norway (Fornebu), has won three contracts for the deliveries of process systems for the Johan Sverdrup development in the North Sea.

Finance

Grimaldi Orders Three PCTCs

After signing an order for the construction of five new ships two weeks ago, the Italian shipowner  Grimaldi Group has signed another contract for the construction

Caltex Replaces Australian Crew

The 36 Australian crew members of an Caltex tanker refusing to set sail after they were told their jobs would be gone after the next run. MR tanker Alexander Spirit (40,

Teekay LNG Partners Declares Distribution

Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended June 30, 2015. The cash distribution is payable on August 14,

 
 
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