Finance News


Hornbeck Offshore Announces Q1 2011 Results

May 11, 2011

Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the first quarter ended March 31, 2011. Following are highlights for this period and the Company's future outlook: Lack of drilling permits in Company's core geographic market…

Tsakos Energy Navigation Reports Earnings Of $0.20 Per Share

May 11, 2011

Four newbuilding suezmaxes (including two shuttle tankers) chartered for a combined 53 years with minimum total revenues of $720 million Fleet utilization at 99%FIRST QUARTER HIGHLIGHTS* Voyage revenues of $99.2 million* Net income of $9…

BRAEMAR Announces Results for Year February 2011

May 09, 2011

Braemar Shipping Services plc (“Braemar”, “the Company” or “the Group”), a leading international provider of broking, consultancy, technical and other services to the shipping and energy industries, today announces full yearresults for the year ended 28 February 2011…

Aker Solutions Q1 Results 2011

May 06, 2011

6 May 2011 - Aker Solutions' operating revenues in the first quarter of 2011 were NOK 12 billion, and earnings before interest, tax, depreciation and amortisation amounted to NOK 1.8 billion, including profit from asset sales and non-recurring items…

Moore Stephens Calls on HMRC to Consult

May 05, 2011

Leading accountant and shipping adviser, Moore Stephens says companies operating within UK tonnage tax could consider leaving the UK, as a result of HMRC’s decision to unilaterally reinterpret the regime rules.Sue Bill, a tax partner with Moore Stephens…

STX Group’s Plan to Sell 20% Stake in STX OSV

Apr 26, 2011

In response to the various media articles relating to the STX Group’s plan to sell a 20 percent stake in STX OSV Holdings Limited ('STX OSV'), the Board of STX OSV understands after clarification with STX Europe Holding AS (“STX Europe”), that…

Dryships Announces Signing Of $800 Million Loan Facility

Apr 18, 2011

ATHENS, GREECE – April 18, 2011 - DryShips Inc. (NASDAQ: DRYS) (the “Company” or “DryShips”), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced the signing…

Omega Navigation Announces Entering Into an Amendment of the Maturity Date

Apr 15, 2011

Athens, Greece, April 12, 2011 - Omega Navigation Enterprises, Inc. (NASDAQ:ONAV), a provider of Global Marine Transportation services specializing in product tankers, announces that it has reached an agreement with its lenders to amend the…

Stolt-Nielsen Limited Completes Open Market Partial Tender Offer

Apr 15, 2011

LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) completed its previously announced open market partial tender offer ('Offer') for SNL common shares with a total maximum value of $47 million.  SNL bought back 1,825,900 shares at a price of NOK 140 per share at a total cost of $46…

Hamburg Süd: Good Year in 2010

Apr 13, 2011

Following the historic crisis year of 2009 and a first-time ever decline in global transports in container liner shipping, 2010 saw an unexpectedly sharp volume rise.Hamburg Süd, too, benefited from a resurgent world economy along with her…

General Maritime Corporation Announces Closing of Sale

Apr 13, 2011

General Maritime Corporation (the 'Company') (NYSE: GMR) announced today that the underwriters of its recent public offering of 23,000,000 shares of the Company's common stock fully exercised their over-allotment option to purchase an additional 3…

Harris Corporation Completes Acquisition Of Schlumberger Global Connectivity Services

Apr 11, 2011

Harris Corporation, an international communications and information technology company, has completed its previously announced acquisition of the Global Connectivity Services (GCS) business from an operating unit of Schlumberger.Harris combined…

Paragon Shipping Inc. Announces Filing Of IPO By Box Ships Inc.

Apr 05, 2011

ATHENS, Greece, April 4, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes and containers, announced today that its wholly-owned subsidiary, Box Ships Inc. ('Box Ships')…

General Maritime Corporation Announces Pricing of Common Stock Offering

Apr 05, 2011

General Maritime Corporation ('General Maritime' or the 'Company') (NYSE: GMR) announced today the pricing of its underwritten public offering of 23,000,000 shares of newly issued common stock at a price to the public of $2.00 per share. General…

Over-Tonnaging Fears See Confidence Dip Again In Shipping Industry

Mar 23, 2011

Overall confidence levels in the shipping industry dropped for the third successive quarter in the three months ending February 2011, to reach their lowest level for fifteen months, according to the latest survey by leading accountant and shipping adviser Moore Stephens…

Logistics News

Höegh Autoliners Orders Customized Simulators from Kongsberg Digital

Höegh Autoliners Orders Customized Simulators from Kongsberg Digital

Houthis Claim Attack on Four Ships at Israel's Haifa Port

Houthis Claim Attack on Four Ships at Israel's Haifa Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Fire Suspends Sugar Loading at Tiplam Terminal in Brazil's Santos Port

Houston Container Volumes Up 21% in May

Houston Container Volumes Up 21% in May

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