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 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 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 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, 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, 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…
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…
• 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…
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 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…
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…
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…
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 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…
Tsakos Energy Navigation Limited (TEN) (NYSE:TNP) announced that its Board of Directors has declared the company’s initial cash dividend for the fiscal year 2009 of $0.30 per common share, payable October 29, 2009 to stockholders of record on October 22…
