Search results for: Net Loss

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  • 15 February 2016
    Business & Finance

    Cosco Corporation (Singapore) Limited, a Singapore-listed ship repair and marine engineering and shipping group, recorded a net loss of SGD 570 million (USD 407.6 million) in 2015, compared to a net profit of SGD 20.9 million (USD 14.9 million) in 2014. Cosco’s turnover decreased by 17.4 percent to SGD 3.5 billion in 2015 from SGD 4.3 billion in FY 2014 […]

  • 15 December 2015
    Business & Finance

    Athens-based container shipping company Box Ships has reported a net loss during the third quarter of 2015 at USD 0.8 million, compared to a net income of USD 5.6 million during the corresponding period in 2014. The company’s results were influenced by decreased charter rates, as well as by a rise in its idle fleet. During the third quarter […]

  • 9 December 2015
    Business & Finance

    Shipbuilding and dry bulk shipping group Cosco Corporation (Singapore) Limited said it expects a significant net loss in the fourth quarter of 2015. Cosco said that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had an adverse impact on the global offshore marine industry. Additional reasons for the expected […]

  • 29 July 2015
    Business & Finance

    Scorpio Bulkers Inc. posted a net loss of USD 138.6 million, or USD 0.71 basic and diluted loss per share, for the three months ended June 30, 2015, increasing its net loss of USD 15 million from the same period last year. This loss includes the write down on assets held for sale of USD 119.6 […]

  • 31 July 2015

    Houston-based LNG player Cheniere reported a net loss of $118.5 million for the three months ended June 30, compared to a net loss of $201.9 million for the comparable 2014 period. For the six months ended June 30, Cheniere posted a net loss of $386.2 million, compared to a net loss of $299.7 million during […]

  • 29 July 2015
    Business & Finance

    Scorpio Bulkers Inc. posted a net loss of USD 138.6 million, or USD 0.71 basic and diluted loss per share, for the three months ended June 30, 2015, increasing its net loss of USD 15 million from the same period last year. This loss includes the write down on assets held for sale of USD 119.6 […]

  • 16 August 2013
    Business & Finance

    Knightsbridge Tankers Limited reported a net loss from continuing operations (i.e. the Capesize vessels) of $0.6 million and a loss per share from continuing operations of $0.03for the second quarter compared with net loss from continuing operations of $0.4 million and earnings per share from continuing operations of $0.02for the preceding quarter. The average daily […]

  • 31 July 2015

    Houston-based LNG player Cheniere reported a net loss of $118.5 million for the three months ended June 30, compared to a net loss of $201.9 million for the comparable 2014 period. For the six months ended June 30, Cheniere posted a net loss of $386.2 million, compared to a net loss of $299.7 million during […]

  • 11 February 2016
    Business & Finance

    Bergen-based shipping and tank terminal company Odfjell has reported a drop in 2015 net loss to USD 36 million, including negative effect from bunker derivatives of USD 64 million, compared with a net loss of USD 75 million in 2014. Net loss of the quarter stayed at USD 18 million, the same as in the fourth quarter of 2014. Stable financial […]

  • 30 July 2015

    French LNG engineer Technip posted a net loss of €306.9 million in the second quarter of this year following a restructuring plan it announced earlier this month. Technip said on July 6 it plans to reduce its workforce for about 6,000 in a response to the downturn in the oil and gas market. The restructuring plan […]

  • 30 July 2015

    French LNG engineer Technip posted a net loss of €306.9 million in the second quarter of this year following a restructuring plan it announced earlier this month. Technip said on July 6 it plans to reduce its workforce for about 6,000 in a response to the downturn in the oil and gas market. The restructuring plan […]

  • 1 November 2016
    Business & Finance

    NYSE-listed dry bulk owner and operator Scorpio Bulkers has managed to narrow its net loss for the first nine months of 2016 to USD 104.2 million, compared with a net loss of USD 208.7 million seen in the corresponding period a year earlier. This excludes a loss/write off of vessels and assets held for sale of USD […]

  • 11 March 2016
    Business & Finance

    US-headquartered ship owner Genco Shipping & Trading Limited has managed to decrease its net loss to USD 49.5 million in the fourth quarter of 2015, compared to a net loss of USD 164 million seen in the corresponding period a year earlier. Genco’s revenues dropped to USD 35 million for the fourth quarter, compared to USD 55.7 million recorded in the same period in 2014. The […]

  • 3 November 2016
    Business & Finance

    Due to a decline in freight rates, the Danish shipping giant Maersk Line has reported a loss of USD 116 million in the third quarter of 2016, down by USD 380 million from USD 264 million seen in the same period in 2015. The company’s revenue for the quarter decreased by 11% to USD 5.35 billion from […]

  • 9 August 2016
    Business & Finance

    Greek owner and operator of drybulk carriers and offshore support vessels DryShips Inc. has reported a net loss of USD 9.1 million in the second quarter of 2016, against a net loss of USD 1.4 billion seen in the same quarter of 2015. DryShips said that its net loss for the first half of the year narrowed […]

  • 18 November 2016
    Business & Finance

    Athens-based container shipping company Diana Containerships Inc. has recorded a net loss of USD 126.8 million for the third quarter of 2016, as a result of USD 118.9 million of impairment charges for seven of the company’s vessels. The company said that without the impairment charges the result for the quarter would have been a […]

  • 10 April 2019
    Business & Finance

    Net loss was at USD 213.3 million in 2018, as compared to a net loss of USD 244.3 million in 2017.

  • 4 August 2016
    Business & Finance

    Orion Group Holdings, Inc. today reported a net loss for the three months ended June 30, 2016, of $0.8 million ($0.03 diluted loss per share). These results compare to a net loss of $1.8 million ($0.07 diluted loss per share) for the same period a year ago. “This week marks one year since we announced […]

  • 18 February 2014
    Business & Finance

    Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported a net loss of $19.8 million for the fourth quarter of 2013, compared to net income of $0.3 million for the respective period of 2012. The loss for the fourth quarter was mainly the result of $9.7 million of impairment […]

  • 15 August 2013

    A troubled Brazilian oil and gas company OGX, owned by once a billionaire Eike Batista, has reported a massive quarterly net loss of R$4.7 billion (around USD 2 billion). The results were impacted by expenses of R$3.6 billion (around USD 1.54 billion) related to the impairment of the investments carried out in Tubarão Azul, Tubarão Tigre, Tubarão […]

  • 15 November 2013
    Business & Finance

    Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, yesterday reported a net loss of $0.7 million for the third quarter of 2013, compared to net income of $1.6 million for the respective period of 2012. Time charter revenues, net of prepaid charter revenue amortization, were $11.1 million for the third […]

  • 24 October 2012

    Encana Corporation reported cash flow of $913 million and $263 million in operating earnings for the third quarter 2012. Year-to-date the company generated cash flow of approximately $2.7 billion and operating earnings of $701 million. Oil and natural gas liquids (NGLs) production volumes in the quarter averaged over 30,000 barrels per day (bbls/d), an increase […]