Finance News

 

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…

Northrop Grumman Q1 Profit Up 20%

May 04, 2010

According to a May 3 report from The Associated Press, Northrop Grumman Corp. said its first-quarter profit increased 20 percent, led by strong growth in shipbuilding. Business improved for nearly every sector in which the company operates, except for a 1% decline in information systems…

New Century Shipbuilding Public Offering

May 04, 2010

According to a May 3 report from The Straits Times, Chinese shipbuilder New Century Shipbuilding has launched its initial public offering (IPO) with plans to raise $666.4m, which will make it the largest listing in the market since CapitaMalls Asia's debut late last year…

Baltic Trading Limited Q1 2010 Results

May 04, 2010

Baltic Trading Limited (NYSE: BALT) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010. As expected, the company had no vessels in operation during the quarter…

Genco Shipping & Trading Q1 2010 Results

May 04, 2010

Genco Shipping & Trading Limited (NYSE:GNK) reported its financial results for the three months ended March 31, 2010. The following financial review discusses the results for the three months ended March 31, 2010 and March 31, 2009.First…

Brunswick Reports Q1 Results

May 03, 2010

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…

Hercules Offshore Q1 2010 Results

May 03, 2010

Hercules Offshore, Inc. (NASDAQ:HERO) reported a loss from continuing operations of $16.0 million, or $0.14 per diluted share, on revenues of $150.8 million for the first quarter 2010, compared with a loss from continuing operations of $4.5 million…

General Maritime Q1 2010 Results

Apr 29, 2010

General Maritime Corporation (NYSE:GMR) reported its financial results for the three months ended March 31, 2010.Financial Review: 2010 First QuarterThe company recorded a net loss of $9.1 million or $0.16 basic and $0.16 diluted loss per share for the three months ended March 31…

Superior Energy Services Q1 2010 Results

Apr 29, 2010

Superior Energy Services, Inc. (NYSE:SPN) announced net income of $21.5 million and diluted earnings per share of $0.27 on revenue of $364.5 million for the first quarter of 2010, as compared with net income of $56.8 million, or $0.72 diluted earnings per share on revenue of $437…

Hyundai Steel's Q1 Net Rises Nearly Five-Fold

Apr 28, 2010

According to an Apr 27 report from TradingMarkets.com, Hyundai Steel Co. (KSE;004020), South Korea's No. 2 steelmaker, said its net profit rose nearly five-fold in the first quarter from a year ago thanks to increased sales. The company earned $222…

Horizon Lines Q1 Financial Results

Apr 27, 2010

Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal first quarter ended March 21, 2010. On a GAAP basis, the first-quarter net loss totaled $13.2 million, or $0.43 per share, on revenue of $286.1 million. This compares with a net loss of $10…

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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