Finance News

 

J.F. Lehman & Company Completes Sale of Atlantic Marine

Jul 13, 2010

J.F. Lehman & Company completed the sale of Atlantic Marine Holding Company to a subsidiary of BAE Systems, Inc. Atlantic Marine is a provider of vessel maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services to government and commercial maritime customers…

The Recovery Continues: A Fearless Forecast

Jul 02, 2010

The headline in the Financial Times is enough to raise the hair on the back of our necks: “Growing Global Confidence Helps Risk Appetite.” I hope that this headline, if you saw it, scared you as much as it did me. Although I have some confidence about the future of shipping…

Financing Offshore Ventures in Today’s Economic Climate

Jul 01, 2010

Regardless of today’s economic and financial reality, wealth creation and oil prosperity go hand in hand.  While the medium to long term prospects are good, it is a major challenge for the offshore and maritime communities to secure the financing…

Davie Yards Second Extension of Stay Order

May 23, 2010

Davie Yards announced that it has obtained an order from the Québec Superior Court extending the stay of proceedings ordered by the Court to September 15, 2010, in accordance with the terms of the written order to be issued by the Court, the…

Star Bulk Carriers Q1 Results

May 20, 2010

Star Bulk Carriers Corp. (NASDAQ: SBLK) announced its unaudited financial and operating results for the first quarter ended March 31, 2010. Akis Tsirigakis, President and CEO of Star Bulk commented: 'We are pleased that our continued cost…

Tidewater Q4 Results

May 20, 2010

Tidewater Inc. (NYSE:TDW) announced fourth quarter net earnings for the period ended March 31, 2010, of $56.9 million, or $1.10 per share, on revenues of $260.0 million. For the same quarter last year, net earnings were $109.7 million, or $2…

Tognum Completes First Quarter as Expected

May 14, 2010

The specialist for propulsion and power solutions Tognum has completed the first three months of the current financial year in line with expectations and confirms its forecast for the full year. “Despite the modest quarterly revenues as expected…

Hornbeck Offshore Q1 2010 Results

May 11, 2010

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the first quarter ended March 31, 2010.  First quarter 2010 revenues decreased 21.4% to $86.2 million compared to $109.6 million for the first quarter of 2009 and decreased 2…

Tognum First Quarter for the Year

May 10, 2010

Tognum has completed the first three months of the current financial year in line with expectations and confirms its forecast for the full year.“Despite the modest quarterly revenues as expected, we managed to achieve an adjusted EBIT margin of 8…

Dril-Quip Results for Q1 2010

May 10, 2010

Dril-Quip, Inc. (NYSE:DRQ) announced net income of $25.7 million, or $0.64 per diluted share for the three months ended March 31, 2010, versus net income of $24.7 million, or $0.63 per diluted share for the first quarter of 2009. The first quarter 2010 results include an after-tax charge of $3…

Euroseas Divident & Time Charter

May 10, 2010

Euroseas Ltd., (NASDAQ: ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced that the company's Board of Directors has declared a dividend of $0…

CMA CGM Returns to Profit

May 06, 2010

The Board of Directors of France-based CMA CGM, the world’s third largest container shipping group, recently met under the chairmanship of M. Jacques R. Saadé to review the financial statements for the year ended 31 December 2009.   In a…

Transocean Reports Q1 2010 Results

May 06, 2010

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) reported net income attributable to controlling interest of $677 million, or $2.09 per diluted share, on revenues of $2.602 billion for the three months ended March 31, 2010. The results compare to net…

Excel Maritime Q1 Results

May 06, 2010

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced its operating and financial results for the first quarter ended March 31…

Statoil Stronger Results, Volatile Markets

May 05, 2010

Statoil's first quarter 2010 net operating income was NOK 39.6 billion, an 11% increase compared to NOK 35.5 billion in the first quarter of 2009. The quarterly result was mainly affected by a 48% increase in liquids prices measured in NOK and a 35% decrease in gas prices…

Logistics News

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

DP World, Asian Terminals Inc. Invest $100M to Boost Capacity at Manila South Harbor

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

PD Ports Outlines Plans to Develop UK Offshore Wind Hub

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

DP World Begins $165 Million Expansion of Maputo Container Terminal Capacity

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

Port Canaveral Invests $500 Million in Five-Year Port-Wide Improvement Plan

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