Wednesday, July 20, 2011
Hyundai Heavy Industries shipyard
Engineering News

Hyundai Heavy 2Q Net Down 17% On Year At KRW538.8 Bln

Image (c) Hyundai Heavy Industries SEOUL (Dow Jones)–Hyundai Heavy Industries Co. (009540.SE), the world’s largest shipbuilder by orders, said Wednesday its second-quarter net profit fell 17% on year as high...

July 20, 2011
Total Views: 1

Tuesday, July 19, 2011
British Progress BP VLCC Very Large Crude Carrier
finance

ASIA TANKER: VLCC Rates May Firm; Summer Demand Supports Clean Product Shipping

Image (c) BP p.l.c. SINGAPORE (Dow Jones)–Asia’s crude tanker market may begin to recover due to declining availability of vessels in early August, while increased gasoline demand during summer is also supporting ships carrying...

July 19, 2011
Total Views: 3

Monday, July 18, 2011
Yangzijiang Shipbuilding
Engineering News

Yangzijiang Shipbuilding: Confident Of At Least 30% Growth In 1H Net

SINGAPORE -Yangzijiang Shipbuilding (Holdings) Ltd. (BS6.SG) said Tuesday it expects “not less than” 30% growth in net profit in the first half of the year when it announces its earnings on Aug....

July 18, 2011
Total Views: 73

Maritime News

Drewry to launch World Container Index in September

Drewry Shipping Consultants and The Cleartrade Exchange have announced that the World Container Index (WCI), the first Europe-based assessment of container freight rates and index production, is scheduled for launch...

July 18, 2011
Total Views: 0

Thursday, July 7, 2011
stolt nielsen
finance

Stolt-Nielsen 2Q Net Pft $32.4M Vs $27.5M, Maintains Outlook

Norwegian shipping and seafood company Stolt-Nielsen Ltd. (SNI.OS) Thursday announced a second quarter net profit of $32.4 million, from $27.5 million, boosted by exceptional items including a tanker sale, value adjustment of...

July 7, 2011
Total Views: 8

Friday, June 17, 2011
Offshore News

Fresh Start For Tony Hayward

“Most hated man in America”, Tony Hayward, gets a fresh start with successfull initial public offering of new investment vehicle, Vallares PLC Eight months after the Deepwater Horizon disaster chased...

June 17, 2011
Total Views: 4

Wednesday, May 18, 2011
Maritime News

Final Bids For V Ships Due June 16

LONDON (Dow Jones)–Final bids for V Ships, a ship-management business owned by Exponent Private Equity, are due June 16, a person familiar with the situation told Dow Jones Newswires Monday....

May 18, 2011
Total Views: 3

Wednesday, May 11, 2011
Maritime News

Maersk’s Profit Builds Up Steam, Soars 85% in Q1

A.P. Moller-Maersk A/S, owner of the world’s biggest container-shipping line, reported an unexpectedly strong increase of 85% in first-quarter profit, buoyed by a strategy of aggressive cost management that analysts...

May 11, 2011
Total Views: 0

Thursday, May 5, 2011
Offshore News

Transocean’s Q1 Profit Drops 54% On Lower Utilization

HOUSTON—Transocean Ltd.’s first-quarter profit dropped 54% as the driller’s utilization rate continued to slide, and results missed Wall Street expectations. Transocean is among the oil-and-gas companies contending with a web...

May 5, 2011
Total Views: 0

Monday, May 2, 2011
Maritime News

Horizon Lines Gets Break On Charter Payments From CSX

Horizon Lines Inc. (HRZ) received a break on some of its expenses from former parent company CSX Corp. (CSX), which agreed to reduce Horizon’s charter payments on three leased vessels...

May 2, 2011
Total Views: 2

Thursday, April 28, 2011
Maritime News

Horizon Lines Gets Reduced Fine That Will Help Dodge Default

Horizon Lines Inc. (HRZ) said a federal court has agreed to reduce the company’s fine related to a conspiracy to fix rates and surcharges for marine freight transportation over a...

April 28, 2011
Total Views: 1

Monday, April 11, 2011
Engineering News

Samsung Heavy To Continue Hedging 100% Of FX Exposure

SEOUL (Dow Jones)–Samsung Heavy Industries Co. (010140.SE) plans to continue its policy of fully hedging its exposure to foreign exchange risks arising from the fact it receives most of its...

April 11, 2011
Total Views: 53

Wednesday, March 30, 2011
Maritime News

Horizon Lines could face bankruptcy

Image credit: Flickr user JAXPORT NEW YORK (Dow Jones)–Shares of Horizon Lines Inc. (HRZ) plunged as much as 48% Tuesday after the company said it expects not to be in...

March 30, 2011
Total Views: 9

Thursday, February 24, 2011
Engineering News

UOB Kay Hian Securities Bullish On Shipyards; Upgrades Keppel

UOB KayHian (Thailand) says jack-up rig orders are “roaring” while containership ordering has begun. The house upgrades Keppel Corp. (BN4.SG) to Buy from Sell, raises its target to S$13.00 from...

February 24, 2011
Total Views: 10

Wednesday, February 23, 2011
Maritime News

Maersk nets $26.46 billion in 2010, increases investmests in 2011

A.P. MOLLER-MAERSK A/S (MAERSK-B.KO), the world’s biggest container-shipping company, Wednesday said it returned to profit in 2010 due to streamlined costs and a rebound in the container-shipping industry, but earnings...

February 23, 2011
Total Views: 3

Friday, February 11, 2011
Engineering News

MARKET TALK: Citigroup Keeps Bullish View On Korea Shipbuilders

[Dow Jones] Citigroup reiterates its bullish view on Korean shipbuilders; “we view the recent price correction as an enhanced buying opportunity.” The house says unfavorable rotational buying into laggards and...

February 11, 2011
Total Views: 0

Friday, December 5, 2008
Uncategorized

Marine Finance 101: Buying A Cruise Ship

Photo by Crusair Eurodam News, a blog following the construction of the brand new Holland America Lines’ cruise ship M/V Eurodam, recently featured a very interesting post by the company’s...

December 5, 2008
Total Views: 10

Tuesday, July 1, 2008
finance

Questions For A Trader

gCaptain has recently expanded into the web design and development business. We recently completed an overhauld of Northeast Maritime Institute‘s website and our latest venture is a site redesign for...

July 1, 2008
Total Views: 1

Monday, June 9, 2008
Uncategorized

A Surge At The Baltic Exchange

Photo by Timothy Hamilton The NYTimes reports: Since mid-2006, a confluence of powerful forces — from a shortage of ships to the seemingly unquenchable thirst by China for raw materials...

June 9, 2008
Total Views: 0

Thursday, January 31, 2008
Uncategorized

Mariner Finance 101 – 401k

  Mariners, Take Full Advantage of Your 401K   By Capt. Ben Dinsmore As shipping companies continue to phase out defined pension plans for an ever increasing number of mariners,...

January 31, 2008
Total Views: 2