Maersk Line reports a third quarter loss of USD 116 million

Maersk Line reports a third quarter loss of USD 116 million

Maersk Line’s average freight rate decreased by 16% year-on-year, but was up 5.5% compared to previous quarter. The Q3 2016 loss of USD 116 million is USD 380 million lower than Q3 2015 (USD 264 …
Nov 3, 2016 /  Finance
COSTAMARE Inc. Reports Results For The 3Q and Nine Months Ended September 30, 2016

COSTAMARE Inc. Reports Results For The 3Q and Nine Months Ended September 30, 2016

Costamare Inc. (Costamare) (NYSE: CMRE) yesterday reported unaudited financial results for the third quarter and nine-months ended September 30, 2016. Voyage revenues adjusted on a cash basis of $115.5 million and …
Oct 25, 2016 /  Finance
SVITZER Continues Its Expansion In Towage

SVITZER Continues Its Expansion In Towage

Svitzer's Results Are Impacted By Salvage Market And Start Up Costs In highly challenged shipping and salvage markets, Svitzer delivered an underlying profit for Q2 2016 of USD 23m (USD 30m). Svitzer towage …
Aug 16, 2016 /  Finance
Maersk Line reports a second quarter loss of USD 151 million

Maersk Line reports a second quarter loss of USD 151 million

In a very challenged market Maersk Line delivered a second quarter loss but continued to deliver on growth and cost objectives The second quarter (Q2) 2016 loss of USD 151 million is USD 658 million lower than Q2 …
Aug 15, 2016 /  Finance
Hapag-Lloyd: Disappointing rate development affects results in first half of 2016

Hapag-Lloyd: Disappointing rate development affects results in first half of 2016

Transport volume stable / Rates decline further / Transport expenses significantly reduced thanks to synergies and efficiency programs / Focus in second half on further cost savings, revenue recovery and preparations for …
Aug 10, 2016 /  Finance
SDLP - Seadrill Partners LLC Announces First Quarter 2016 Results

SDLP - Seadrill Partners LLC Announces First Quarter 2016 Results

Seadrill Partners LLC announced earlier today the Company's First Quarter 2016 Results Highlights: Operating revenue of $444.0 million Adjusted EBITDA of $305.4 million Cash and cash equivalents of $401.2 …
May 26, 2016 /  Finance
Dynagas LNG Partners Earns More in Q1

Dynagas LNG Partners Earns More in Q1

Owner and operator of LNG carriers Dynagas LNG Partners LP has recorded a net income of USD 17.1 million in the first three months of 2016 compared to the net income of USD 14.8 million for the same period a year …
May 19, 2016 /  Finance
Eagle Bulk Shipping Reports First Quarter 2016 Results

Eagle Bulk Shipping Reports First Quarter 2016 Results

Eagle Bulk Shipping Inc. (Nasdaq: EGLE) yesterday announced its results for the first quarter ended March 31, 2016. First Quarter Highlights: - Net reported loss of $39.3 million, or $1.04 per share, compared to a net …
May 11, 2016 /  Finance
Ulstein Group result 2015

Ulstein Group result 2015

In 2015, Ulstein Group recorded revenues of NOK 2.3 billion and an operating loss of NOK -95 million. The business areas Design & Solutions and Power & Control both recorded profits. The downturn in the …
May 10, 2016 /  Finance
Cheniere post $320 million Q1 loss

Cheniere post $320 million Q1 loss

Cheniere Energy posted a first-quarter net loss of US$320.8 million compared to a $267.7 net loss during the corresponding period in 2015. The Houston-based company reported a $69 million revenue for the quarter, …
May 9, 2016 /  Finance