Mitsui O.S.K. Lines, Ltd. announced a downward revision of its consolidated business outlook for FY2011, ending March 31, 2012 (April 1, 2011-March 31, 2012), issued on April 28, 2011. For the year, the company has revised revenue generation down 6…
Statoil's second quarter 2011 net operating income was NOK 61 billion, a 129% increase compared to NOK 26.6 billion (nearly $11.3 billion) in the second quarter of 2010. The quarterly result was mainly affected by a 32% increase in the average prices for liquids measured in NOK…
Kirby Corporation (NYSE: KEX) announced net earnings attributable to Kirby for the second quarter ended June 30, 2011 of $41.7 million, or $.77 per share, compared with $29.3 million, or $.54 per share, for the 2010 second quarter. The 2011 second quarter results included an estimated $…
According to a report on www.business-standard.com, India's Titagarh Wagon (TWL) (www.titagarh.biz) announced plans to enter shipbuilding business and was scouting for land near Kulpi. In the report, TWL Chairman JP Chowdhary was quoted as saying that the company is scouting for up to 400 acres…
Fitch Ratings has affirmed SEACOR Holdings' () Issuer Default Rating (IDR) and debt ratings as follows:--IDR at 'BBB-';--Senior unsecured credit facility at 'BBB-';--Senior unsecured notes at 'BBB-'.The Rating Outlook is Stable. Approximately…
General Dynamics has reported second-quarter earnings from continuing operations of $666 million, or $1.79 per share on a fully diluted basis, compared with 2010 second-quarter earnings from continuing operations of $651 million, or $1.68 per share fully diluted…
Hamilton, Bermuda, July 26, 2011 - There was an unusual trading in the NAT stock yesterday. NAT is not aware of any corporate news or market news that caused the irregular trading. The dividend report for the second quarter 2011 will be published August 8…
DryShips Inc. and OceanFreight Inc. have entered into a definitive agreement. The former will acquire the outstanding shares of the latter for consideration per share of $19.85, consisting of $11.25 in cash and 0.52326 of a share of common stock of Ocean Rig UDW Inc…
Drewry Shipping Consultants and The Cleartrade Exchange have announced that the World Container Index (WCI), the first Europe-based assessment of container freight rates and index production, is scheduled for launch in September 2011.The…
Maersk Line, Limited (MLL) has been awarded a multi-year contract for the operation and maintenance of five container and rollon/roll-off ships in support of the Military Sealift Command’s (MSC) and the Marine Corps Prepositioning Program.These “Bobo-class” vessels…
According to a report posted on Reuters, Canadian pension fund Ontario Municipal Employees Retirement Scheme (OMERS) is reportedly set to buy V. Ships, one of the world's biggest ship managers, for about $500m. (Source: Reuters)
According to a report on CanadianBusiness.com, SNC-Lavalin formed a joint venture with prospective new buyers of Davie Yards in order to bid on federal shipbuilding contracts.Davie has been in creditor protection since February 2010, according to the site…
Seanergy Maritime Holdings Corp. (NASDAQ: SHIPD; SHIP.W) announced that the Nasdaq Stock Market (“Nasdaq”) has confirmed that the Company has regained compliance with Nasdaq Listing Rule 5450(a)(1) concerning the minimum bid price of the Company’s common stock.
Ocean Power Technologies, Inc. (Nasdaq: OPTT) announced financial results for its fiscal fourth quarter and year ended April 30, 2011.• Contract backlog increased to a record $8.9 million as of April 30, 2011. This reflects $10.3 million of new orders brought in during fiscal year 2011…
After the critical shortages of containers of last year, production has picked up again, but high container prices and a tight ratio of containers to vessel slots will continue to constrain the availability of boxes, according to the Container…
