Search results for: loss

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  • 11 July 2017
    Business & Finance

    Singapore-based Triyards Holdings Limited informed that it expects to report a net loss for the third quarter of the 2017 fiscal year ended May 31. In the company’s profit guidance, released with respect to the unaudited consolidated financial results for the quarter, Triyards’ board said that expected quarterly net loss is mainly attributable to the continued depressed […]

  • 4 May 2016
    Business & Finance

    Miserable conditions in the dry bulk market have pushed Danish shipping company Dampskibsselskabet NORDEN A/S (Norden) to a loss of USD 5 million in the first quarter of 2016, compared to a profit of USD 27 million in the same period last year.  The company’s operating earnings also reached a loss of USD 1 million. In […]

  • 29 August 2018
    Business & Finance

    Cefor: Hull losses recorded in the first half of the year stood at their lowest level since 1996.

  • 25 March 2016
    Business & Finance

    Korea Exchange-listed shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) has reported a lower full-year loss following an audit of the company’s financial figures. The company said in an exchange filing today that its full-year loss for 2015 was cut to KRW 3.31 trillion (USD 2.83 billion), substantially lower from KRW 5.13 trillion previously announced. DSME added […]

  • 16 August 2017
    Business & Finance

    Danish energy and transportation giant A.P. Moller – Maersk sailed into a loss of USD 264 million in the second quarter of 2017, a switch from last year’s profit of USD 118 million. Maersk said the loss was due to impairments worth USD 732 million, primarily resulting from lower asset valuations in Maersk Tankers and […]

  • 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 […]

  • 21 January 2016
    Business & Finance

    The Danish shipping company Norden expects an increased operating loss in 2015 after writing down the value of its dry cargo fleet and making provision with no cash flow effect of USD 340 million. The company now predicts an operating loss of USD 297 to 277 million, compared to the previously expected USD 43 to 63 million. Norden said that the write-down […]

  • 7 March 2016
    Business & Finance

    South Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME) posted a KRW 5.13 trillion (USD 4.3 billion) worth loss for the full year of 2015.  DSME’s sales fell by 23% when compared to the previous year standing at KRW 12.97 trillion and the company’s operating loss amounted to KRW 5.51 trillion, the company said in a […]

  • 1 April 2016
    Business & Finance

    Italian shipbuilding giant Fincantieri has booked an all-time high order intake totaling in EUR 10.08 billion (approximately USD 11 bn) which comes despite the troubles in the offshore segment.  The orderbook has almost doubled when compared to figures from the previous year when it amounted to EUR 5.6 billion. The shipbuilder also reported an all-time high total backlog […]

  • 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 […]

  • 27 May 2015
    Business & Finance

    Oceanteam has posted a moderate loss of USD 0.4 million for the first quarter of 2015. The company also saw revenue fall from USD 15.1 million to USD 14.3 million in this period. Oceanteam is comprised of two operating segments, Oceanteam Shipping, which accounts for 46% of company’s revenue, and Oceanteam Solutions which contributes the […]

  • 31 March 2016
    Business & Finance

    COSCO Corporation (Singapore) Limited, a shipbuilding, marine engineering and dry bulk shipping group, suffered a net loss of SD 570 million (USD 423 million) compared to net profit of SD 20.9 million for the previous year. According to Wang Yu Hang, the Group’s Chairman, the significant net loss is mainly attributable to the continuing “depressed state of crude oil prices […]

  • 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 […]

  • 16 August 2016
    Business & Finance

    South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering (DSME) has returned to the red as it reported a net loss in the second quarter of 2016 at KRW 1.2 trillion (USD 1 billion), compared to a net profit of KRW 31.4 billion seen in the first quarter of the year. The company’s net loss widened compared to the […]

  • 17 February 2017
    Business & Finance

    Athens-based shipping firm Euroseas has seen its net loss for the year ended December 31, 2016 widen to USD 45.9 million, compared to a net loss of USD 15.6 million reported a year earlier. This loss includes a USD 1.7 million of dividend on Series B Preferred Shares, a USD 5.9 million loss on write-down […]

  • 2 March 2016
    Business & Finance

    Danish shipping company Dampskibsselskabet NORDEN A/S (Norden) recorded a full-year loss of USD 285 million, cutting the USD 416 million loss reported in 2014 for almost a half. The company’s EBIT was in line with recently announced expectations reaching USD 282 million loss. According to Norden, the results were impacted by write-down and provision for onerous contracts […]

  • 15 July 2020
    Infrastructure, Safety, Vessels

    Asian waters accounted for a third of large vessels lost at sea globally last year, even as large shipping losses are at a record low having fallen by over 20 per cent year-on-year, according to Allianz.

  • 16 August 2016
    Business & Finance

    As the global economy dragged forward in uncertainty and instability during the first half of 2016, the Hong Kong-listed Sinotrans Shipping Limited reported its loss widened to USD 40.2 million in the first half of the year compared to a loss of USD 18.2 million seen in the same period a year earlier. Sinotrans’ operating loss […]

  • 25 August 2016
    Business & Finance

    Oslo-listed BW LPG Limited has reported a loss of USD 55.6 million in the second quarter of 2016, representing a decrease of 168 percent from a profit of USD 80.7 million seen in the same period in 2015. The company said that the loss was mainly due to depressed LPG spot rates and impairment charges on certain […]

  • 8 December 2015
    Business & Finance

    Athens-based owner of drybulk carriers and offshore support vessels, DryShips Inc. has reported a net loss of USD 820 million for the third quarter ended September 30, 2015.  Included in the third quarter 2015 results are impairment charges and loss on sales on the entire drybulk fleet of USD 797.5 million. Excluding these impairment charges and losses, […]

  • 8 August 2014
    Business & Finance

    Singapore-headquartered Neptune Orient Lines Group (NOL) has still not shaken off  the effects of the low volumes in their liner sector, posting a second quarter 2014 net loss of USD 54 million. On the other hand, NOL has continued to make gains at the operating level, bringing its 2Q 2014 Core EBIT (Earnings Before Interest, Taxes and Non-Recurring Items) loss down […]

  • 5 June 2019

    Asia Pacific waters remain the top shipping loss region, accounting for 45% of losses globally in 2018.