Finance
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Kirby Expects Strong 3Q Earnings
Expected result compares with $.57 per share for the 2010 third quarter, fueled by continued strong inland marine transportation and land-based diesel engine services markets. Kirby to announce 2011 third quarter results…
DnB NOR Global E&P Spending Report: Growth Continues
The 65 oil companies covered in DnB NO’s fifth annual E&P spending report expect a spending increase of 14% in 2011, 8% in 2012 and 7% in 2013. For 2011 we expect activity growth in line with last year; however, service…
A.P. Moller Maersk Reports Interim Results
Revenue for the period increased by 9% to $29.9bn $27.4bn), primarily due to higher oil prices and container volumes. Profit for the period was 8% higher at $2.7bn $2.5bn), positively affected by divestment gain from…
Containerships: 2012 Biggest Year Ever for Deliveries
The year 2012 looks set to be the biggest year for containership newbuilding deliveries in history, in terms of TEU capacity entering the cellular fleet. According to Braemar Seascope's latest Containership Fleet…
Massive Ship Order in China
While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner…
Report: DSME Targets $11b Orders in 2011
Daewoo Shipbuilding & Marine Engineering aims to secure $11 billion in orders next year, according to a Reuters report. The global news service quoted Sang-tae, chief executive of the South Korean shipbuilder, that the…
Horizon Lines Reports Q3 Results
Horizon Lines, Inc. (NYSE: HRZ) reported financial results for its fiscal third quarter ended September 19, 2010. On a GAAP basis, third-quarter net income was $7.7 million, or $0.25 per diluted share, compared with $8.4…
Wärtsilä Corp. Interim Report
Ole Johansson, President and CEO said, "The third quarter was strong for Wärtsilä at all levels, as net sales developed according to plan, profitability was strong, and cash flow from operating activities was at an all…