Finance News

 

Transocean Reports Q3 2009 Results

Nov 04, 2009

Transocean Ltd. (NYSE:RIG) reported net income attributable to controlling interest for the three months ended September 30, 2009 of $710 million, or $2.19 per diluted share, compared to net income attributable to controlling interest of $1…

ACL Reports Q3 Results

Nov 03, 2009

American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced results for the quarter and nine months ended September 30, 2009. Revenues for the quarter ended September 30, 2009 were $216.0 million, a 31.1% decrease compared with $313.7 million for the quarter ended September 30…

Tidewater Reports Q2 Results for 2010

Oct 29, 2009

Tidewater Inc. (NYSE:TDW) announced its second quarter net earnings for the period ended September 30, 2009, of $98.2m, or $1.90 per common share, on revenues of $295.5m. Included in net earnings for the September 30, 2009 quarter is a $34.3m…

DryShips Q3 Financial Results

Oct 27, 2009

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and offshore oil deep water drilling, announced its unaudited financial and operating results for the third quarter and nine month period ended September 30…

Aries Regains NASDAQ Compliance

Oct 27, 2009

Aries Maritime Transport Limited (NASDAQ:RAMS) announced that it received notification from the NASDAQ Listing Qualifications department that it has regained compliance with the $1.00 minimum bid price requirement for continued listing set forth in Listing Rule 5450(a)(1)…

Horizon Lines Declares Regular Dividend

Oct 25, 2009

Horizon Lines, Inc. (NYSE: HRZ), announced that its Board of Directors has voted to declare a regular quarterly cash dividend of $0.11 per share, payable on December 15, 2009, to stockholders of record on December 1, 2009.  The dividend was…

Horizon Lines Reports Q3 Results

Oct 25, 2009

Horizon Lines, Inc. (NYSE:HRZ) reported results for its fiscal third quarter ended September 20, 2009. On a GAAP basis, net income totaled $8.4 million, or $0.27 per diluted share, on revenue of $308.0 million. This compares with net income of $11…

Keppel Q3 2009 CEO Remarks

Oct 22, 2009

The global economy has shown some signs of recovery this past quarter. The Chinese economy is now widely expected to grow beyond 8% this year. Housing construction in the US rose in August to the highest level in nine months. Europe appears to be on track to exit the recession in the third quarter…

Northrop Grumman Q3 2009 Results

Oct 21, 2009

•    Sales Increase 4 Percent to $8.73 Billion- GAAP EPS from Continuing Operations Increase to $1.52•    Pension-adjusted EPS Increase 22 Percent to $1.672009E GAAP EPS Guidance Raised to $5.00 to $5.15 from $4.65 to $4.90•    Cash from…

Decision in Winter Storm Shipping, Ltd Versus TPI

Oct 20, 2009

Sullivan & Cromwell Partners reported on the October 16 decision from the U.S. Court of Appeals for the Second Circuit which overrules the controversial 2002 decision in Winter Storm Shipping, Ltd v. TPI. Winter Storm Shipping, Ltd v. TPI dealt…

DryShips Agreements with Nord LB, West LB

Oct 15, 2009

DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed agreements with Nord LB and West LB on waiver terms for $116m and $67m respectively of our outstanding debt…

Ryder Declares Quarterly Cash Dividend

Oct 11, 2009

The Board of Directors of Ryder System, Inc. (NYSE: R) declared a regular quarterly cash dividend of $0.25 per share of common stock, to be paid on December 11, 2009, to shareholders of record on November 16, 2009. This is Ryder's 133rd consecutive…

Axis Bank Cancels Great Offshore Oil Rig Funding

Oct 06, 2009

In Bangalore, offshore oilfield services firm Great Offshore Ltd has run into fresh trouble after Axis Bank Ltd walked out of a deal to lend Rs350 crore to the Mumbai-based firm for funding the purchase of an oil drilling rig, currently under construction at Bharati Shipyard Ltd…

Agreement on Bavaria Yachtbau Restructuring

Oct 05, 2009

Bavaria Yachtbau GmbH announced that Anchorage Advisors, L.L.C. and Oaktree Capital Management ), who collectively control approximately 95 percent of Bavaria's $1,403m debt facilities, have signed a binding agreement to restructure the company's balance sheet…

Jotun Profits Remain Satisfactory

Sep 30, 2009

Jotun expects the difficult global economy to continue to have a greater impact. When compared with the record level  of 2008, the figures in the first eight months of 2009 are still satisfactory. In litres and kilos the group sold one per cent less paint than it did for the same period last year…

Logistics News

GAC to Acquire Quadrant Pacific’s Ship Agency Business

GAC to Acquire Quadrant Pacific’s Ship Agency Business

US East Coast Port Union Strike Threat to Test Shippers' Nerves

US East Coast Port Union Strike Threat to Test Shippers' Nerves

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Brazil's Container Port Operator Seeks to Avert 'Congestion' Surcharge

Xeneta: US Importers Caught in a Vicious Circle

Xeneta: US Importers Caught in a Vicious Circle

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