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  • 6 April 2020
    Business & Finance

    Fugro is carrying out cost reduction measures to reduce the impact of the COVID-19 pandemic and the low oil price environment, including minimising the hire of short-term charters, implementing a hiring and salary freeze and workforce reduction. The company has also withdrawn its guidance for 2020, saying it is impossible to forecast the magnitude and […]

  • 23 April 2020
    Business & Finance

    Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per diluted share. The Q1 2020 results […]

  • 7 July 2016
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited has issued a guarded outlook for Stolt Tankers despite improved operating results in the first six months of 2016, saying that the division might be facing delays and cancellations of newbuildings. The company reported its net profit at USD 37.8 million for the second quarter ended May 31, 2016, up from a net profit of […]

  • 1 September 2015
    Business & Finance

    China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit rise in number of containers handled at the company’s overseas terminals. […]

  • 29 October 2015
    Business & Finance

    Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and a weak dry bulk market. The company’s revenue fell 19% to CNY […]

  • 29 October 2015
    Business & Finance

    Hong Kong-listed dry bulk and container shipping company and terminal operator China Cosco Holdings Company Limited recorded CNY 1.7 billion (USD 267.5m) net loss in the third quarter of 2015, as compared to CNY 1.62bn profit reported in 3Q2014, driven largely by falling container freight rates and a weak dry bulk market. The company’s revenue fell 19% to CNY […]

  • 1 September 2015
    Business & Finance

    China Merchants Holdings (International) Company Limited, the country’s largest port operator, reported HKD 2.78 billion (USD 359m) net profit for the period ended June 30, 2015, an increase of 29.4% over the same period last year, due to increased container throughput in China, and a double-digit rise in number of containers handled at the company’s overseas terminals. […]

  • 28 August 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]

  • 22 October 2015
    Business & Finance

    Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]

  • 12 August 2015
    Business & Finance

    Greek owner and operator of dry bulk and container ships Euroseas Ltd. reported USD 3.3 million net loss attributable to shareholders for the quarter ended June 30, as compared to net loss of USD 5.4 million for the second quarter of 2014. The company reported total net revenues of USD 9.4 million, a 2.8% decrease over total net […]

  • 28 August 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a 5% dip in revenue from its terminals business for the first six months of 2015, mainly attributed to the depreciation of the Euro which led to a decrease in revenue from Piraeus Terminal in Greece. The performance of Piraeus Terminal in the first half of […]

  • 22 October 2015
    Business & Finance

    Shipbuilding and dry bulk shipping company Cosco Corporation (Singapore) Limited expects to record net loss in the quarter ended September 30, 2015, as compared to a profit recorded in the corresponding period of the previous financial year. Cosco says that the loss is expected mainly due to the continuing depressed state of crude oil prices, which has had […]

  • 12 August 2015
    Business & Finance

    Greek owner and operator of dry bulk and container ships Euroseas Ltd. reported USD 3.3 million net loss attributable to shareholders for the quarter ended June 30, as compared to net loss of USD 5.4 million for the second quarter of 2014. The company reported total net revenues of USD 9.4 million, a 2.8% decrease over total net […]

  • 24 June 2015
    Business & Finance

    Miami-based cruise company Carnival Corporation & plc has reported non-GAAP net income of USD 193 million for the second quarter of 2015, improving its quarterly earnings by more than double compared to non-GAAP net income for the second quarter of 2014 of USD 73 million. For the second quarter of 2015, US GAAP net income, which included unrealized […]

  • 14 March 2014
    Business & Finance

    Ocean Power Technologies, Inc. today announced financial results for its Fiscal 2014 third quarter and the nine months ended January 31, 2014. OPT recently announced that an amended grant agreement related to its planned wave power station project off the coast of Australia was signed with the Australian Renewable Energy Agency (“ARENA”). This amended agreement […]

  • 3 December 2019
    Business & Finance

    McDermott said it has been granted access to the second tranche of the $1.7 billion superpriority senior secured credit facility announced on October 21, 2019. The new tranche (Tranche B) provides McDermott with a $250 million term loan facility and a $100 million letter of credit facility. The company expects to utilize the amounts available […]

  • 13 November 2019
    Business & Finance

    The next UK government should go faster and harder on offshore and onshore wind in a bid to reach the net zero targets by 2050, according to SSE Chief Executive Alistair Phillips-Davies. In its interim results, SSE called on political leaders to put renewable power “front and center” of the plans to tackle climate change. […]

  • 21 March 2019
    Business & Finance

    Sif has reported that offshore wind accounted for approximately 83% of revenues and 69% of total contributions in the company’s 2018 financial year figures. Sif saw a 28% loss of revenue in 2018, amounting to EUR 235.1 million, and a 45% loss in contribution, amounting to EUR 74.3 million. The gap in the production schedule and […]

  • 31 July 2015

    Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine engineering and dry bulk shipping, reported USD 4.8 million net loss in the second quarter of 2015, due to a slide in shipyard and shipping revenues. Turnover from shipyard operations decreased 25.6% to USD 843.4 million in Q2 2015 from USD 1.1 billion in Q2 2014 […]

  • 13 August 2015
    Business & Finance

    The Shipping Corporation of India (SCI) has more than tripled its net profit for the quarter ended June 30 due to the rally in tanker markets aided by the continued slide in world crude oil prices. SCI posted a net profit of INR 163.54 crore (USD 25.2m) for the quarter ended June 30, as against a […]

  • 21 March 2019
    Business & Finance

    Sif has reported that offshore wind accounted for approximately 83% of revenues and 69% of total contributions in the company’s 2018 financial year figures. Sif saw a 28% loss of revenue in 2018, amounting to EUR 235.1 million, and a 45% loss in contribution, amounting to EUR 74.3 million. The gap in the production schedule and […]

  • 14 August 2015
    Business & Finance

    Hong Kong-listed Sinotrans Shipping ended the first half of 2015 with USD 18.3 million net loss, as compared to USD 2.3 million net profit for the same period a year earlier, due to a dip in revenues from operations of the company’s dry bulk and container shipping segments. The company’s overall revenue dropped by 19% to […]