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Reports Results

Stolt-Nielsen S.A. Reports 4Q and 2007 Results

Stolt-Nielsen S.A. reported results for the fourth quarter and full year ended November 30, 2007. The financial statements for the full year ended November 30, 2007 have been audited. Highlights for the fourth quarter and full year ended November 30, 2007, compared with the fourth quarter and full year ended November 30, 2006, included: • Operating revenue for the fourth quarter of $460.8 million, up 14% compared with same quarter last year. Operating revenue for the full year of $1,759.4 million, up 12% compared with the previous year. • Operating income for the fourth quarter of $47.0 million, up 7% compared with fourth quarter of last year. Operating income for the full year of $193.0 million, up 16% compared with the previous year. • Net income for the fourth quarter of $36.3 million, compared with net income of $57.8 million in the same quarter last year (fourth-quarter 2006 results included a contribution to net income of $19.4 million from Stolt Sea Farm's 25% share of Marine Harvest, which was sold in the first quarter of 2007). Net income for the full year of $216.4 million, up 8% from $199.9 million in the prior year. • The Stolt Tankers Joint Service Sailed-in Time-Charter Index was 1.25, down 7% from 1.34 in the fourth quarter of 2006. • At Stolt Parcel Tankers, growth in operating income was impacted by higher operating costs.


International Shipholding Corporation Reports Third Quarter Results

International Shipholding Corporation reported results for the quarter ended September 30, 2001. Net loss for the third quarter was $165,000 as compared to net income of $418,000 for the third quarter of 2000. For the nine months of 2001, International Shipholding Corporation reported a net loss of $62.9 million as compared to net income of 461,000 during the first nine months of 2000. The nine-month results for 2001 reflect a previously reported asset impairment loss of “Assets


Good Performance by Dun & Bradstreet in 3Q 2014

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  Dun & Bradstreet, the world's leading source of commercial information and insight on businesses, today reported results for the third quarter ended September 30, 2014. "We continue to make good progress against our strategy and we are beginning to build momentum on our top line," said Bob Carrigan, President & CEO of Dun & Bradstreet. "There are ever more market signals indicating growing demand for actionable data and insights and we are well positioned


Maersk Posts Record Profit Despite Pressure in Shipping Rates

Courtesy: Maersk Line

 Maersk Line has reported a profit of $2.3bn for 2014 a 50% increase over the previous year, and expects a higher result in 2015, though the shipping rates remain under pressure.   But 2015 is expected to yield less impressive results due to falling oil prices. The Chief Executive Officer Nils Smedegaard Andersen says shipping rates remain under pressure but maintains the business is "doing very well at the moment."   


As Oil Plunges, Traders Generate Record Earnings

Oil traders are profiting handsomely from a crude price crash to near an 11-year low, even as it forces energy companies around the globe to slash costs and postpone projects.   From listed giant Glencore through unlisted Swiss privately-held Trafigura, to the trading desks of majors BP and Shell, traders have often done well in times of oil price downturns, and markedly so this time around.   On Monday, Trafigura, which trades roughly 3 percent of global oil


Euroseas Reports Results for the 1Q

Euroseas Ltd. , an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the First Quarter ended March 31, 2007. For the first quarter of 2007, the Company reported total net revenues of $13.5 million and net income of $9.5 million representing a 45% and 177% increase, respectively, over total net revenues of $9.3 million and net income of $3


Brunswick Reports Q1 Results

 Brunswick Corporation (NYSE:BC) reported results for the first quarter of 2010:   --  Total net sales of $844.4 million, up 15 percent versus 2009.   --  A net loss of $13.0 million, or $0.15 per diluted share, which includes $0.08 per diluted share of restructuring and impairment charges and $0.02 per diluted share of benefits from special tax items.   --  Operating earnings of $10.1 million, a $137.6 million improvement from prior year.


Cummins Reports Results for Q2 2013

Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in North America increased by 7% and international revenues declined by 4%. Within international markets, growth in Brazil and China was offset by weaker demand in Europe, India and Mexico.


Examining the Fate of Fukushima Contaminants

Researchers deployed time-series sediment traps 115 kilometers southeast of the nuclear power plant at depths of 500 meters and 1,000 meters. The two traps began collecting samples on July 19, 2011—130 days after the March 11 earthquake and tsunami—and were recovered and reset annually. (Makio Honda, Japan Agency for Marine-Earth Science and Technology)

A fraction of buried, ocean sediment uncovered by typhoons, carried offshore by currents   An international research team reports results of a three-year study of sediment samples collected offshore from the Fukushima Daiichi Nuclear Power Plant in a new paper published August 18, 2015, in the American Chemical Society's journal, Environmental Science and Technology.   The research aids in understanding what happens to Fukushima contaminants after they are buried on the seafloor


TEN Reports 4Q Results

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18th consecutive year of profitability Company declares quarterly dividend of $0.15 payable in April 2011 Total dividends reach $333 million since 2002 NYSE listing 2010 HIGHLIGHTS - Voyage revenues of $408.0 million. - Operating income of $80.7 million, after vessel impairment charge of $3.1 million. - Net income of $19.8 million, after vessel impairment charge of $3.1 million. - EPS (diluted) of $0.50 ($0.58 per share excluding impairment charge). 


Two Frenchmen Investigated over 2002 Malaysia Submarines Deal

Two French former defence industry executives have been placed under preliminary investigation as part of a probe into the 2002 sale of submarines to Malaysia, an official in the French judiciary said on Wednesday.   The source said Philippe Japiot and Jean-Paul Perrier


Aker BP Ups 2017 Output View

Oil firm Aker BP, the second-largest operator of oil and gas platforms off Norway, raised its 2017 output guidance and lowered its production cost outlook as it posted second-quarter earnings roughly in line on Friday.   The company is the result of a merger between the Norwegian business


IMB Reports 87 Piracy Incidents in H1 2017

Graphics: The Standard Club

 The IMB has published its report on piracy and armed robbery for the second quarter of 2017, covering the period from 1 January to 30 June 2017. The report highlights continuing decline in the number of incidents of maritime piracy, said a press release from The Standard Club.  


Stolt Tankers Chooses Mimic Condition Monitoring Software

(Photo: Stolt Tankers)

JF Mimic, part of James Fisher and Sons plc, said it has signed an agreement to supply its specialist Mimic condition monitoring software to Stolt Tankers B.V (Stolt) to enhance operational safety and improve the technical reliability of its assets.   


US Navy Temporarily Relieves Commander of Stricken Warship

(U.S. Navy photo by Peter Burghart)

The U.S. Navy on Tuesday said on Tuesday it has temporarily relieved, for medical reasons, the commander of a warship involved in a crash with a container vessel in Japanese waters that killed seven American sailors. The collision between the guided missile destroyer USS Fitzgerald and the


Stolt-Nielsen Aims to Cut Debt

Niels G. Stolt-Nielsen (Photo: Stolt-Nielsen)

Chemical tanker firm Stolt-Nielsen aims to cut debt, CEO Niels G. Stolt-Nielsen said on Thursday. CEO: Debt is slightly higher than we wish  CEO: Based on the latest update, we believe that 2018 will be tough to reduce debt  CEO: Assumptions are based on no recovery in the chemical


Hapag-Lloyd Issues Euro Bond Worth EUR 300mln

Photo: Hapag-Lloyd

 Hapag-Lloyd AG, a leading global container shipping company, launched a euro bond offering with a volume of EUR 300 million and a maturity of seven years.    The proceeds will be used for the early redemption of the company’s euro bond due in 2018 and the early partial


Oil Spilled After U.S. Train Derailment

File Image: A typical Crude Oil train in the United states makes its way south along inalnd waterways. CREDIT: Dagmar Etkin

Canadian National Railway Co said about 20,000 gallons of oil was released following a freight train derailment at Plainfield, the U.S. state of Illinois on Friday, according to a filing with state pollution regulators.   The cause of the derailment was unknown


WMU signs MoU with MLS, New Wave Media for Global Survey

(From Left) Associate Professor, Michael Manuel, WMU; Mr Greg Trauthwein, Vice-President, New Wave Media; Dr. Cleopatra Doumbia-Henry, President, WMU; Mr Murray Goldberg, CEO, Marine Learning Systems, President of WMU, Dr. Cleopatra Doumbia-Henry, the CEO of Marine Learning Systems, Mr Murray Goldberg, and the Vice-President of New Wave Media, Mr Greg Trauthwein, signed a Memorandum of Understanding (MoU) on 29 June at WMU in Malmö, Sweden. (Photo: WMU)

The MoU establishes a partnership between the three organizations to conduct recurring global surveys on seafarer training practices in industry and sets out the guiding principles and terms by which WMU, Marine Learning Systems and New Wave Media will conduct these surveys as well as publicize


Multipurpose Shipping Looks Bullish

Graph: Drewry Shipping Consultants Limited

 Many key drivers for dry cargo demand have reported a significant uptick in 2017, resulting in improving conditions for all vessels in the multipurpose shipping sector, according to the latest Multipurpose Shipping Market Review and Forecast report published by global shipping consultancy


Rosneft to Return to State Dividend Proposal

Igor Sechin, the head of Russian oil major Rosneft, said on Wednesday that his company would return to a government proposal for state-owned companies to pay out 50 percent of their profit in dividends for Rosneft's 2017 results. (Reporting by Denis Dyomkin; Writing by Jack


Vroon Says Talks with Banks ‘Constructive’

Pic: Vroon Group

 Troubled family-owned Dutch shipping group Redderij Vroon has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt.    The Dutch company specializing in offshore and shipping business has reached agreement with its


ClassNK Unveils Longitudinal Strength Assessments Software

PrimeShip-HULL(Rules)/PartC15 (Image: ClassNK)

Classification society ClassNK released a new longitudinal strength assessments software “PrimeShip-HULL(Rules)/PartC15” as part of its prescriptive calculation suite “PrimeShip-HULL(Rules)”.   For ensuring further safety and streamlining structural design of ships


MLC, 2006 Inspections Yield Positive Results

© momentscatcher / Adobe Stock photo

Aiming to verify that the minimum standards for working and living conditions have been implemented for crews working on board commercial vessels, as well as generate more awareness, Port State Control Officers in the Paris MoU region have carried out a Concentrated Inspection Campaign (CIC) on


Wärtsilä introduces its Eniram SkyLight 2.0

Image: Wärtsilä

 Eniram, a Wärtsilä company, has introduced a major update to its performance monitoring system targeted at commercial shipping operators.    The Eniram SkyLight 2.0 adds nautical maps, weather layers, and route importation to make predictive analysis and proactive






 
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