Earnings News
Royal Caribbean Books Stronger Full Year Results in 2019Global cruise vacation company Royal Caribbean Cruises reported US GAAP net income of USD 1.9 billion for the full year of 2019, up from the 2018’s equivalent of USD 1.8 billion.05 February 2020 Wednesday 14:25
MOL in Restructuring ModeJapanese shipping major Mitsui O.S.K. Lines (MOL) has unveiled a number of new restructuring measures effective April 1, 2020.01 February 2020 Saturday 10:44
Ullman: The Tanker Boom Is Now With UsThe long-awaited recovery of the tanker market finally materialized at the end of 2019, across all market segments, according to the CEO of Concordia Maritime, Kim Ullman.31 January 2020 Friday 09:40
Signal Maritime, Heidmar Partner Up on Tanker ManagementShip manager Signal Maritime Services and tanker operator Heidmar have entered into a partnership for the commercial management of a tanker fleet.08 January 2020 Wednesday 10:21
Golden Ocean CEO Steps DownGolden Ocean Group Limited’s (GOGL) CEO Birgitte Ringstad Vartdal is stepping down from her role as chief executive on November 30, 2019, the Norwegian dry shipping company said.21 November 2019 Thursday 14:35
ZIM Retains Profit in Third QuarterIsraeli shipping company ZIM has reported a net profit of USD 5 million for the third quarter of 2019, after returning to black in the second quarter of the year.21 November 2019 Thursday 10:55
Flex LNG Secures USD 629 Mn Loan for Five NewbuildsBermuda-based LNG carrier owner Flex LNG will obtain a new USD 629 million financing for the five newbuilds scheduled for delivery in 2020.20 November 2019 Wednesday 15:10
Sovcomflot’s Profit Soars as Tanker Market StrengthensRussian shipping major Sovcomflot (SCF Group) closed the third quarter of this year with a significant increase in net profit year over year, aided by a stronger tanker market.18 November 2019 Monday 16:39
d’Amico Shrinks Loss, Bullish on Tanker Market RecoveryBetter market conditions and cost efficiencies helped the Italian tanker shipping company d’Amico International Shipping (DIS) narrow its net loss in the third quarter of 2019.16 November 2019 Saturday 10:35
Yang Ming Suffers Wider Net Loss After Returning High-Cost Chartered BoxshipsTaiwanese shipping company Yang Ming Marine Transport Corporation plunged deeper into the red in the third quarter of this year after returning several high-cost chartered vessels.15 November 2019 Friday 14:20
Okeanis Eco Tanker Earnings Hit by Scrubber RefitsScrubber retrofits on Suezmax vessels in the Okeanis Eco Tankers (OET) fleet have affected the company’s third quarter 2019 earnings.15 November 2019 Friday 14:15
Yangzijiang Secures 11 Orders in 2nd Half of 2019Singapore-listed Yangzijiang Shipbuilding secured 11 shipbuilding orders so far in the second half of 2019 as new order momentum picked up in recent months.14 November 2019 Thursday 15:01
Pangaea Sells Bulker Duo for USD 11 MnU.S.-based shipping company Pangaea Logistics Solutions has reached agreements to sell two of its vessels for a total price of USD 11 million.08 November 2019 Friday 10:44
Tankerska Next Generation Boosts Earnings in “Anaemic” Spot MarketCroatian tanker owner and operator Tankerska Next Generation has improved earnings for the third quarter of 2019 in what it described as an “anaemic” spot market in the MR sector.02 November 2019 Saturday 10:30
Royal Caribbean Continues with Record EarningsMiami-based cruise major Royal Caribbean Cruises (RCL) has reported record third-quarter earnings despite negative headwinds.31 October 2019 Thursday 11:13
Milaha’s Profit, Revenues Rise in First Nine Months of 2019Qatar-based maritime transport and logistics company Qatar Navigation (Milaha) wrapped up the first nine month of 2019 with a rise in net profit.30 October 2019 Wednesday 09:40
Euronav Cuts Net Loss in Third QuarterBelgium’s tanker shipping company Euronav managed to cut its net loss in the third quarter of 2019 amid robust crude tanker fundamentals that reflected in improving freight market.30 October 2019 Wednesday 09:28
Rising Operating Vessel Costs Push GulfNav Deeper into LossDubai-based shipping company Gulf Navigation Holding (GulfNav) closed the third quarter of this year with a widened net loss year over year (YOY).25 October 2019 Friday 14:40
DHT Reports Loss Despite Revenue GrowthBermuda-incorporated crude oil tanker company DHT Holdings ended the third quarter of this year with a net loss despite posting higher shipping revenues.24 October 2019 Thursday 13:26
Better Rates, New Ships Push Costamare’s Earnings UpGreek shipping company Costamare witnessed a surge in its earnings for the period ended September 30, 2019.24 October 2019 Thursday 11:37
Bahri’s Earnings Grow in 3rd QuarterOwner and operator of very large crude carriers Bahri witnessed a surge in its earnings in the third quarter ended September 30, 2019.22 October 2019 Tuesday 15:44
Maersk Raises 2019 Profit ForecastDanish shipping major Maersk has raised its expectations for 2019 profit based on the financials for the third quarter and the updated outlook for freight rates, volumes and bunker fuel prices for the rest of the year.22 October 2019 Tuesday 10:58
Stolt-Nielsen Repays USD 147.6 Mn BondLondon-based chemical tanker owner Stolt-Nielsen has repaid the USD 147.6 million bond.03 October 2019 Thursday 14:04
