Finance News

 

Transocean Ltd. Q4 & Full-Year 2009 Results

Feb 24, 2010

Transocean Ltd. (NYSE:RIG) reported net income attributable to controlling interest for the three months ended December 31, 2009 of $723 million, or $2.24 per diluted share, on revenues of $2.733 billion. The results compare to net income attributable to controlling interest of $754 million…

Star Bulk Q4 & Year End Results

Feb 23, 2010

Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter and the year ended December 31, 2009. Akis Tsirigakis…

Navios Reports Q4 Results

Feb 23, 2010

Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009. Angeliki Frangou, Chairman and CEO of Navios Holdings…

Dockwise Results, Q4 & Full Year 2009

Feb 23, 2010

Dockwise Reported Financial highlights Q4 2009Adjusted EBITDA of USD 42.1 million, with margin at 36% (Q3 2009: 43%);Net profit of USD 2.8 million before non-recurring items:    Deal & financing-related net cash costs of USD 4.6 million…

World Finance Shipping Awards 2010

Feb 23, 2010

Over the last two years, credit markets have experienced contraction, deleveraging and reduced liquidity, and governments have taken highly significant measures in response to such events. The U.S. Securities and Exchange Commission and other…

SEACOR Q4 Results

Feb 22, 2010

SEACOR Holdings Inc. (NYSE: CKH) announced its results for the fourth quarter of 2009. Net income attributable to SEACOR Holdings Inc. for the quarter ended December 31, 2009 was $22.2 million, or $1.04 per diluted share, on operating revenues of $476…

Wilhelmsen Q4 2009 Results

Feb 12, 2010

The Wilh. Wilhelmsen ASA (WW) maritime industry group achieved an operating income of USD 3.4 billion in 2008, up by more than 25% compared with 2007. The shipping and maritime services segments are the main contributors to the improved top line…

Hornbeck Offshore Q4 2009 Results

Feb 12, 2010

Hornbeck Offshore Services, Inc. (NYSE:HOS) announced results for the fourth quarter ended December 31, 2009. Following are highlights for this period and the Company's future outlook:  --  Company initiates 2010 EBITDA and earnings guidance…

Bourbon 2009 Annual Revenues

Feb 10, 2010

Commenting on Bourbon’s 2009 annual revenue results, Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon said: “With 71 new units coming into the fleet in 2009, annual revenues from Bourbon owned Offshore vessels alone saw growth of 27%…

KVH Q4 2009 Results

Feb 10, 2010

KVH Industries, Inc., (NASDAQ:KVHI) reported financial results for the fourth quarter ended December 31, 2009. Revenue for the fourth quarter of 2009 was $26.3 million, up 24% from the quarter ended December 31, 2008. Net income for the period was $1…

ACL 2009 Q4 Results

Feb 10, 2010

American Commercial Lines Inc. (NASDAQ: ACLI) announced results for the fourth quarter and year ended December 31, 2009. Revenues for the quarter were $226.9 million, a 16.4% decrease compared with $271.6 million for the fourth quarter of 2008…

STX Europe Q4 2009 Results

Feb 09, 2010

In the fourth quarter 2009 STX Europe reported an EBITDA of NOK -44 million compared with NOK -728 million in the fourth quarter of 2008. The 2009 preliminary EBITDA was NOK 133 million compared with NOK -400 million in 2008. Offshore & Specialized…

Northrop Grumman Q4 2009 Results

Feb 04, 2010

Northrop Grumman Corporation (NYSE: NOC) reported Q4 2009 net earnings of $413 million, or $1.31 per diluted share, and 2009 net earnings of $1.7 billion, or $5.21 per diluted share. In 2008, the company reported a fourth quarter net loss of $2…

Hornbeck Offshore Exchange Offer

Jan 26, 2010

Hornbeck Offshore Services, Inc. (NYSE: HOS) announced the commencement, on Monday, January 25, 2010, of its offer to exchange any and all of the $250m aggregate principal amount of its outstanding 8% Series A Senior Notes due 2017 (CUSIPs 440543 AF 3 and U44070 AC 1)…

Panama Canal FY 2010 Q1 Metrics

Jan 21, 2010

The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics for fiscal year 2010. In Q1, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage) significantly decreased…

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