Finance News

 

HII Q3 2012 Reports Significant 2015 Milestones Reached

Nov 08, 2012

Huntington Ingalls Industries reports third quarter 2012 revenues of $1.60 billion, up 0.2 percent from the same period last year.Highlights: Revenues were $1.60 billion for the third quarter 2012 Diluted earnings per share was $0…

Tognum's Revenues Up in Latest Financial Report

Nov 08, 2012

Propulsion & power providers Tognum confirm 2012 forecast in financial report ended 30, September.Highlights:    •    Solid order intake at €2,296.3 million in the first nine months    •    Revenues increase to €2,092.7 million    •    Adjusted EBIT margin of 8…

Euroseas Latest Financial Report Reflects Depressed Market

Nov 08, 2012

Euroseas Ltd. owner & operator of drybulk and container carriers publish financial reports period ending 30, September 2012Third Quarter 2012 Highlights:   -Net loss of $0.8 million or $0.02 net loss per share basic and diluted on total net revenues of $13…

BOEM Seeks Comments on Environmental Review

Nov 08, 2012

Public Hearings Scheduled to provide opportunities for public input. The Bureau of Ocean Energy Management has completed a draft Supplemental Environmental Impact Statement (SEIS), providing updated environmental and socioeconomic analysis…

DNK Appoints New Insurance Director

Nov 08, 2012

War risk insurance specialist, DNK, is pleased to announce the appointment of Göran Skuncke as Insurance Director.Skuncke will be responsible for the Association’s insurance activities, with a particular responsibility for membership service…

Drydocks World and Maritime World Chairman Delivers Key Address

Nov 08, 2012

The Chairman of Drydocks World and Maritime World, Khamis Juma Buamim delivered the key address at the Indonesia Investment Summit.   The Summit convened by the Investment Coordinating Board of Indonesia - BKPM - in Jakarta in association with The International Herald Tribune on November 6-7…

Korean Shipbuilders Vexed by Cancelled Orders

Nov 07, 2012

Some owners are cancelling as they lack funds to complete the purchase of the ship.Many of the orders are being cancelled after the ships have been built, as the buyers find they can't pay for the product amid worsening economic conditions…

Box Ships Declares Another Profitable Quarter

Nov 07, 2012

Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012.Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of…

Thales, Transas Sign Cooperation Agreement

Nov 07, 2012

Development of a 'Full Warship Trainer' at the focus of the cooperation. Thales Germany and Transas Marine International signed a cooperation agreement to develop and market a Full Warship Trainer (FWST). This modular simulation solution…

Revenues Up in Danaos' Latest Financial Report

Nov 06, 2012

Greece-based container ship owners, Danaos Corp., reports Q3 & nine months results for period ended September 30, 2012.Highlights for the Third Quarter and Nine Months Ended September 30, 2012:  Operating revenues of $156.3 million for the three months ended September 30…

China Shipyards Contributed Best to COSCO's Q3 2012 Results

Nov 05, 2012

The COSCO Group achieved net profit attributable to equity holders of $26.6 million on turnover of $937.0 million in Q3 2012.Group turnover inched down 3.4% to $937.0 million in Q3 2012 from $969.8 million in Q3 2011 due to a decrease in shipyard and dry bulk shipping revenue…

Kongsberg Group Reports Good Q3 2012 Results

Nov 05, 2012

The company won several important contracts in the maritime and defence markets during the third quarter 2012.Q3 operating revenues totalled MNOK 3 675 and EBITA came to MNOK 570. This corresponds to an EBITA margin for the Group of 15.5 per cent…

Horizon Lines Report Container Volume, Revenue, Up in Q3 2012

Nov 05, 2012

Horizon Lines' financial report shows volume improves 3.4%, & rate, net of fuel up 2.9% from a year ago.Sam Woodward, President and Chief Executive Officer comments on third quarter 2012 financial results:'Horizon Lines generated a 3…

Shipbroker Chases Down Payment Due

Nov 04, 2012

Persistence pays off for shipbroker's legitimate claim for outstanding financial commission due from time-charterer.In the latest issue of its Claims Review, International Transport Intermediaries Club (ITIC) recounts the case of a shipbroker…

Passenger Ship Management Companies Merge

Nov 02, 2012

River Advice & International Shipping Partners establish new ship management company 'FleetPro Passenger Ship Management (FleetPro).FleetPro results from the combination of River Advice with 1250 employees and 35 river cruise vessels under management in Europe…

Logistics News

Ship Design, Maritime Accidents and There’s a Master on the Run

Ship Design, Maritime Accidents and There’s a Master on the Run

Maersk: Effective US Tariffs Average Around 21% Currently

Maersk: Effective US Tariffs Average Around 21% Currently

US Grain Shipments Surge 9% in face of Chinese Tariffs

US Grain Shipments Surge 9% in face of Chinese Tariffs

Great Lakes Limestone Trade Up in June

Great Lakes Limestone Trade Up in June

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