Search results for: operating losses

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  • 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 December 2016
    Business & Finance

    The main container carriers’ average operating margins remained in negative territory with minus 7.8% in the third quarter of 2016, marking the fifth successive quarter of operating losses, according to Alphaliner. Out of the 12 main carriers surveyed by Alphaliner, only the German carrier Hapag-Lloyd and Taiwan’s shipping company Wan Hai posted positive margins, while […]

  • 26 October 2017
    Business & Finance

    The global LNG shipping fleet will make aggregate operating losses of USD 230 million in 2017 as the spot rates remain under pressure, according to shipping consultancy Drewry. Spot rates (East of Suez) for modern LNG vessels averaged USD 33,000 per day in the nine months to September 2017, representing an increase of 5% compared with […]

  • 15 May 2017
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) posted an operating loss of KRW 131.2 billion (USD 117 million) in the first quarter this year, narrowed from the previous year’s KRW 163 billion, according to the company’s stock exchange filling.  Furthermore, the shipping company’s sales were up by 13.6 percent standing at KRW 1.302 trillion when […]

  • 11 August 2017
    Business & Finance

    South Korean container carrier Hyundai Merchant Marine (HMM) managed to narrow its operating loss to KRW 128.1 billion (USD 111.8 million) in the second quarter of 2017 from KRW 254.3 billion (USD 222 million) recorded in the same period a year earlier. The company’s operating loss in container business stood at KRW 96.2 billion, improved […]

  • 12 August 2016
    Business & Finance

    The South Korean shipping company Hyundai Merchant Marine (HMM) has reported its net income for the second quarter of 2016 at KRW 215.9 billion (USD 195.2 million), compared to a net loss of KRW 165.7 billion seen in the same quarter a year earlier, due to the sale of assets and cash injections to maintain liquidity. However, the […]

  • 25 January 2017
    Business & Finance

    The South Korean shipbuilder Samsung Heavy Industries (SHI) has managed to reduce its operating loss by around 90 percent due to a stabilization in shipbuilding and offshore construction, the company said in a stock exchange filing. SHI ended the year with an operating loss of KRW 147.2 million (USD 126,200), against an operating loss of KRW 1.5 […]

  • 4 March 2014
    Business & Finance

    McDermott International announced financial results for the fourth quarter and full year ended December 31, 2013. The Company reported a fourth quarter net loss of $324 million or $1.37 per fully diluted share, and an operating loss of $316 million, of which approximately 80% relates to cash outlays that were made prior to the fourth […]

  • 26 October 2017

    The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth, before strengthening in 2019 with slowing fleet growth and strong trade.

  • 14 November 2019

    The company reduced its operating loss in the third quarter 2019 by 62.1 percent.

  • 30 October 2012

    As a result of adjusted project forecasts and cost overruns, Bergen Group Shipbuilding is expecting an operating loss (EBITDA) of around NOK 200 million (approx $34.8 Mln) in the 3rd quarter of 2012. The main reason for this is related to the following projects at Bergen Group Fosen: BN87 (cruise ferry): New project forecast show […]

  • 24 February 2015
    Business & Finance

    As forecast, the Port of Virginia in January posted an operating loss, the first one following six consecutive months of positive operating revenue reports. The operating result at the US East Coast port for January is a loss of USD 1 million, which is an improvement over the prior-year result of a USD 4.7 million operating loss, […]

  • 14 August 2012

    Because of Bergen Group Fosen’s very weak performance in Q2 2012, the group’s previously announced earnings expectation for the Shipbuilding division will not be reached. The division is expecting an operating loss (EBITDA) of NOK 70-80 million this quarter. This is mainly due to overruns regarding the estimated time usage, which is a result of […]

  • 14 October 2011
    Business & Finance

    Fairstar Heavy Transport N.V. (FAIR) released its third quarter results to the market. During the quarter Fairstar was awarded over USD 40 million in new contracts for marine transportation services in the next two years. Fairstar now has contracts in place totalling over USD 220 million in total value. The company booked an operating loss […]

  • 16 August 2016
    Business & Finance

    One of South Korea’s biggest shipbuilders Samsung Heavy Industries reported a net loss of KRW 212.3 billion (USD 194.8 million) in the second quarter of 2016, compared to a net loss of KRW 1.15 trillion reported in the same quarter of 2015. Furthermore, the shipbuilder’s net loss for the first half of the year accumulated to […]

  • 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 […]

  • 27 October 2015
    Exploration & Production

    South Korean rig builder Hyundai Heavy Industries (HHI) on Monday reported a net loss of 451.4 billion Korean won ($398 million) for the third quarter of 2015, hurt by delays in offshore projects.    The company’s sales fell to 10.9 trillion Korean Won ($9.6 billion). On a quarter-on-quarter basis, sales declined 8.7%, while operating loss […]

  • 21 November 2017
    Business & Finance

    Although the third quarter of 2017 financially saw a significant improvement over the same quarter of 2016, the financial recovery is just marginal, according to SeaIntel Maritime Analysis. During the quarter, ten of the eleven carriers that have published their results recorded a positive EBIT/operating profit, with only Hyundai Merchant Marine (HMM) ending the quarter in the red. “While […]

  • 18 July 2017
    Business & Finance

    South Korea’s shipbuilder Samsung Heavy Industries (SHI) is looking to further cut its workforce, continuing with the move earlier announced in the company’s self-rescue plan, according to Yonhap News Agency. Although the exact number of workforce which would be reduced this year was not unveiled, the shipbuilder is expected to slash a total of 5,000 […]

  • 22 November 2017
    Business & Finance

    Greek ship owner DryShips has plunged further into the red as its net and operating losses increased during the three-month period ended September 30. The company’s net loss for the three months reached USD 17.9 million, compared to a net loss of USD 5.2 million reported in the same period in 2016. While operating loss […]

  • 9 December 2011
    Business & Finance

    Ocean Power Technologies, Inc. (“OPT” or “the Company”) today announces financial results for its fiscal 2012 second quarter ended October 31, 2011. “We ended the second quarter of fiscal 2012 with further progress on PowerBuoy deployments, and a number of business development initiatives to commercialize our technology are currently underway,” said Charles F. Dunleavy, Chief […]

  • 11 December 2011
    Business & Finance, Operations & Maintenance

    Ocean Power Technologies, Inc. announced financial results for its fiscal 2012 second quarter ended October 31, 2011. “We ended the second quarter of fiscal 2012 with further progress on PowerBuoy deployments, and a number of business development initiatives to commercialize our technology are currently underway,” said Charles F. Dunleavy, Chief Executive Officer of OPT. “Given […]