Finance News

 

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…

KVH Industries Q1 2010 Results

Apr 23, 2010

KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the first quarter ended March 31, 2010. Revenue for the first quarter of 2010 was $28.0 million, up 53% from the quarter ended March 31, 2009. Net income for the period was $2…

Keppel Q1 Results

Apr 23, 2010

The Directors of Keppel Corporation Limited advise the following unaudited results of the Group for the first quarter ended 31 March 2010:1Q 2010 Report Card 1. Net profit improved 13% to S$322 million compared to 1Q09. 2. Earnings per share of 20…

Scorpio Tankers Completes Initial Public Offering

Apr 09, 2010

Scorpio Tankers Inc. (NYSE: STNG) announced that it has closed on its previously announced sale of 12,500,000 shares of common stock in its initial public offering, and received net proceeds of $149.6m, after deducting underwriters' discounts and offering expenses…

Pipavav Shipyard Fund Raising Plan

Apr 08, 2010

According to an April 7 report from Bloomberg, Pipavav Shipyard rose 1.62% to Rs 78.60 at 13:47 IST on BSE after the company's board approved raising up to Rs 178 crore by issuing convertible debentures on preferential basis.(Source: Bloomberg)

Teekay Tankers Prices Public Offering

Apr 08, 2010

Teekay Tankers Ltd. (NYSE: TNK) announced that it has priced its follow-on public offering of 7,700,000 shares of Class A common stock at $12.25 per share. The offering is expected to close on April 9, 2010, subject to customary closing conditions…

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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