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Earnings News

Carnival Corp. posts $4.4 billion loss, starts selling ships to cut costsCarnival Corp. posts $4.4 billion loss, starts selling ships to cut costsCarnival Corporation & plc., the world’s largest cruise company, suffered a multibillion-dollar loss in the quarter ended May 31, 2020, due to the suspension of cruise operations related to COVID-19.20 June 2020 Saturday 15:11
GC Rieber takes impairment diveGC Rieber takes impairment diveGC Rieber Shipping has seen its quarterly loss widened on Subsea & Renewables fleet impairment as a result of current market.16 May 2020 Saturday 12:35
Baleària’s earnings rise in 2019Baleària’s earnings rise in 2019Spanish shipping company Baleària wrapped up 2019 with turnover and EBITDA growth of 19 per cent.16 April 2020 Thursday 13:35
Cruise Shipbuilding Boosts Fincantieri’s RevenuesCruise Shipbuilding Boosts Fincantieri’s RevenuesItalian shipbuilding group Fincantieri closed 2019 with record revenues driven by a significant increase in cruise ship production volumes.02 April 2020 Thursday 14:15
Tsakos: We Are in Uncharted Territory, but We Are Experts in Navigating ThingsTsakos: We Are in Uncharted Territory, but We Are Experts in Navigating ThingsThe first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN).26 March 2020 Thursday 11:55
MOL Sounds the Alarm on 2019 ResultsMOL Sounds the Alarm on 2019 ResultsJapanese shipping major Mitsui O.S.K. Lines expects to record an extraordinary loss on its consolidated and non-consolidated financial statements for the fiscal year of 2019.25 March 2020 Wednesday 13:52
OOIL Ready for Potential HeadwindsOOIL Ready for Potential HeadwindsCOSCO-owned transport and logistics company Orient Overseas (International) Limited (OOIL) wrapped up 2019 with a significant earnings growth despite market uncertainties.24 March 2020 Tuesday 13:30
HHLA Forecasts Strong Fall in Earnings from Coronavirus ImpactHHLA Forecasts Strong Fall in Earnings from Coronavirus ImpactGerman terminal operator Hamburger Hafen und Logistik AG (HHLA) expects its revenue and operating result for 2020 to fall considerably below figures reported last year amid major downfall in container transport caused by the coronavirus pandemic.20 March 2020 Friday 11:49
Strategic Acquisitions Spur DP World’s Revenue GrowthStrategic Acquisitions Spur DP World’s Revenue GrowthDubai-based port operator DP World posted 36.1 percent revenue growth and a 4.6 percent higher profit for the full year of 2019 compared with the previous year.12 March 2020 Thursday 11:15
TORM Bullish on Outlook despite COVID-19, Oil Price CrashTORM Bullish on Outlook despite COVID-19, Oil Price CrashDanish carrier of refined oil products TORM is reaping fruits from one of the strongest starts of a year for the product tanker market recorded in over a decade.11 March 2020 Wednesday 13:20
CEVA Takeover Affects CMA CGM’s Bottom LineCEVA Takeover Affects CMA CGM’s Bottom LineFrench container shipping major CMA CGM ended 2019 with significantly increased revenues due to the acquisition of CEVA but also a bigger net loss.10 March 2020 Tuesday 11:39
Diamond S Kicks Off USD 50 Mln Share Repurchase ProgramDiamond S Kicks Off USD 50 Mln Share Repurchase ProgramNew York-listed owner and operator of crude and product tankers Diamond S Shipping Inc. has decided to initiate a share repurchase program of up to USD 50 million.06 March 2020 Friday 17:30
Teekay Returns to BlackTeekay Returns to BlackThe fourth quarter of 2019 marked a return to profitability for Teekay Corporation, as the company booked a consolidated adjusted net income of USD 31 million compared to an adjusted net loss of USD 2 million in the same period of the prior year.28 February 2020 Friday 14:32
Finnlines Reports Stable Result Despite Lower VolumesFinnlines Reports Stable Result Despite Lower VolumesLast year was profitable for Grimaldi’s RoRo and passenger company Finnlines despite a decline in cargo volumes.27 February 2020 Thursday 14:46
Pacific Basin Eyes Further Second-Hand Acquisitions, Staying Clear of NewbuildsPacific Basin Eyes Further Second-Hand Acquisitions, Staying Clear of NewbuildsHong Kong-based dry bulk shipping company Pacific Basin is keen on enlarging its fleet, but is staying clear from ordering newbuilds keeping a focus on smaller second-hand bulkers.27 February 2020 Thursday 14:27
Flex LNG Enjoys ‘Best-Ever’ Financial ResultsFlex LNG Enjoys ‘Best-Ever’ Financial ResultsBermuda-based LNG carrier owner Flex LNG announced its best-ever financial results with a net income of around USD 24 million for the fourth quarter of 2019.26 February 2020 Wednesday 16:24
GoodBulk Offloads Capesize Duo, Points to Pick Up in DemolitionsGoodBulk Offloads Capesize Duo, Points to Pick Up in DemolitionsDry bulk vessel owner and operator GoodBulk sold two older Capesize vessels in January 2020.20 February 2020 Thursday 14:27
MISC Reports Revenue Rise due to More LNG Carriers in OperationMISC Reports Revenue Rise due to More LNG Carriers in OperationMISC Group, a Malaysia-based provider of energy-related maritime solutions and services, wrapped up 2019 with both profit and revenue increases.20 February 2020 Thursday 13:16
Slowing World Trade Impacts Port of Rotterdam VolumesSlowing World Trade Impacts Port of Rotterdam VolumesThe Port of Rotterdam’s freight throughput remained flat in 2019, as growth in international trade lost momentum.18 February 2020 Tuesday 15:25
Royal Caribbean Books Stronger Full Year Results in 2019Royal 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
ONE Reels In Profit for Third Consecutive QuarterONE Reels In Profit for Third Consecutive QuarterOcean Network Express, the merged container shipping business of Japanese trio NYK Line, K Line and MOL, reported USD 5 million profit for the 3rd quarter of its 2019 fiscal year, remaining in the black for three consecutive quarters.01 February 2020 Saturday 14:45
MOL in Restructuring ModeMOL 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 UsUllman: 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 ManagementSignal 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 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 QuarterZIM 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 NewbuildsFlex 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 StrengthensSovcomflot’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
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