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  • 24 August 2017
    Business & Finance

    The weaker spot market for chemical tankers has pushed Norwegian shipping and tank terminal company Odfjell SE to a net loss in the second quarter of 2017. However, Odfjell said that its contract portfolios in both chemical tankers and terminals continue to soften the impact of the challenging markets. The company swung to a net loss […]

  • 18 May 2017
    Business & Finance

    Bermuda-headquartered shipping company Teekay Corporation reported consolidated GAAP net loss attributable to shareholders of USD 45.3 million, and consolidated adjusted net loss of USD 35.7 million in the first quarter of 2017. The net loss edged down when compared to the corresponding period when the corporation booked USD 48.7 million loss, but is considerably higher […]

  • 24 February 2016
    Business & Finance

    Norwegian Cruise Line Holdings Ltd. has reported thirtieth consecutive quarter of adjusted EBITDA growth thus closing a pretty successful year. The company generated adjusted net income of USD 117.3 million in the Q4, compared to USD 77.6 million in the prior year. On a GAAP basis, net income was USD 38.3 million, compared to a loss of […]

  • 6 July 2017
    Business & Finance

    Oslo-listed Stolt-Nielsen Limited posted second quarter net profit attributable to shareholders of USD 15.6 million, with revenue of USD 500.8 million. The results are in line with the levels from the first quarter this year when the company reported a net profit of USD 15.2 million, with revenue of USD 475.7 million. “SNL’s second-quarter results […]

  • 13 May 2020

    The first quarter of 2020 was above expectations for Royal Boskalis Westminster N.V. (Boskalis). In light of the worldwide developments of the COVID-19 virus, Boskalis closed a good first quarter. According to the company, a modest increase in revenue was accompanied by a higher result compared to the same period last year. The order book […]

  • 5 March 2020
    Business & Finance

    Royal Boskalis Westminster N.V. ended 2019 well after a difficult first half of the year with EBITDA of EUR 376 million, slightly above its own expectations, the company said in their today’s release. According to Boskalis, net profit came in at EUR 75 million (2018: EUR 436 million loss) and revenue increased by 2.9% compared […]

  • 8 November 2019

    Royal Boskalis Westminster N.V. (Boskalis) today reported good third quarter, maintaining the 2019 EBITDA guidance. As reported, Boskalis saw revenue increase slightly in the third quarter of 2019 compared to the quarterly average for the first half of the year. The operating result increased sharply in the third quarter compared to the weak first half […]

  • 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 […]

  • 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 […]

  • 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. […]

  • 11 November 2015
    Business & Finance

    Spanish wind energy developer, Gamesa, has doubled net profit to €126 million in the first nine months of 2015. The result is driven by improvements in revenues (+30.4%) and underlying EBIT (+67.2%), and is in line with the Business Plan 2015-17, according to the company. Gamesa experienced strong growth in wind turbine revenues (+35%) as activity surged 26% […]

  • 30 July 2015
    Business & Finance, Storage

    The French cable specialist, Nexans, has reported a net loss of EUR 58 million (profit of EUR 25 million) after taking into account 38 million euros in net cost of debt and a 10 million euro income tax expense. On the other hand, EBITDA came to EUR 167 million, up from EUR 147 million in the first six months 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 […]

  • 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 […]

  • 10 May 2017

    Royal Boskalis Westminster N.V. has just released its latest trading update, saying that the market picture for the coming period would be characterized by continued lower volumes of work and pressure on both utilization levels and margins. Compared to the same period last year, revenue declined at virtually stable fleet utilization rates. Weak market conditions resulted […]

  • 1 August 2018

    Great Lakes Dredge & Dock Corporation (GLDD) has just reported financial results for the three and six months ended June 30, 2018. For the three months ended June 30, 2018, GLDD reported revenue of $150.6 million, net loss from continuing operations of $1.0 million and Adjusted EBITDA from continuing operations of $21.4 million. During the second quarter, GLDD was awarded 46% of […]

  • 8 March 2017

    Boskalis has just announced that they achieved an operating net profit of EUR 276 million in 2016. Including non-cash impairment charges of EUR 840 million after tax the company reported a net loss of EUR 564 million (2015: net profit of EUR 440 million). Revenue declined by 20 per cent to EUR 2.60 billion (2015: EUR 3.24 billion). Adjusted for consolidation, […]

  • 8 March 2017
    Business & Finance

    Boskalis has just announced that they achieved an operating net profit of EUR 276 million in 2016. Including non-cash impairment charges of EUR 840 million after tax the company reported a net loss of EUR 564 million (2015: net profit of EUR 440 million). Revenue declined by 20 per cent to EUR 2.60 billion (2015: EUR 3.24 billion). Adjusted for consolidation, […]

  • 13 May 2020
    Business & Finance

    The first quarter of 2020 was above expectations for Royal Boskalis Westminster N.V. (Boskalis). In light of the worldwide developments of the COVID-19 virus, Boskalis closed a good first quarter. According to the company, a modest increase in revenue was accompanied by a higher result compared to the same period last year. The order book […]

  • 26 October 2015
    Business & Finance

    Hong Kong-based container terminal operator Cosco Pacific Limited, part of Cosco Group, saw a weaker than expected container throughput in the first nine months of 2015  due to ”slower global economic growth and negative growth in China’s exports and imports,” the company said in its report on financial and operational highlights in 2015. For the three months […]

  • 22 August 2019
    Business & Finance

    Royal Boskalis Westminster N.V. today released half-year results for the period ending 30 June 2019, reporting total revenue of €1.27 billion. The company realized a net profit of €1.3 million in the first half of the year (H1 2018: negative €361.4 million). According to Boskalis, revenue in the first half of the year increased 8.6% compared […]

  • 16 August 2018

    The operating results of Royal Boskalis Westminster N.V. (Boskalis) decreased in the first half of the year compared to the first half 2017, the company reported. According to Boskalis, this decline was mainly due to a sharp drop in the result of the Offshore Energy division where the transport activities at the low end of […]