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November 21, 2009         





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CMA CGM: Significant Recovery in Operations
11/19/2009 7:16:08 PM
Operating profit for the CMA CGM Group is expected to return to the breakeven point in December 2009, ahead of the company’s cautious forecasts in September 2009.
 
The savings plan applied throughout all segments of the group, combined with increasingly firm volumes and rates, is already producing its initial effects...

North P&I Club Sets Premium Rise of 5%
11/17/2009 11:25:35 PM
Shipowner directors of the ‘A’ rated, 100 million GT North of England P&I club have decided on a 5% general premium increase for protection and indemnity (P&I) cover in 2010/11, reflecting the club’s continuing financial resilience.

According to chairman Albert Engelsman...

Star Bulk Carriers Declares Dividend
11/16/2009 9:00:54 PM
Star Bulk Carriers Corp. (NASDAQ: SBLK), announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the company's common stock for the three months ending September 30, 2009. The dividend is payable on or about December 4th, 2009 to shareholders of record as of November 27th, 2009...

Euroseas Nine Months, Quarter Ended Report
11/16/2009 9:00:21 PM
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the three and nine month periods ended September 30, 2009.

Third Quarter 2009 Highlights:
- Net income of $2...

Stolt-Nielsen S.A. Interim Dividend
11/15/2009 8:03:38 PM
Stolt-Nielsen S.A. (OsloBørs: SNI) announced that the company's Board of Directors approved the payment of an interim dividend of $0.50 per Common Share on December 9, 2009 to shareholders of record as of November 25, 2009. In accordance with normal settlement practice, the shares will trade ex-dividend...

Conrad Industries Q3 2009 Results
11/15/2009 7:53:52 PM
Conrad Industries, Inc. (Pink Sheets: CNRD) announced its third quarter and nine months 2009 results.

For the quarter ended September 30, 2009, Conrad had net income of $2.8m and earnings per diluted share of $0.43 compared to net income of $4.5m and earnings per diluted share of $0.64 during the third quarter of 2008...

U.S. Shipping Partners Exits Chapter 11
11/15/2009 7:48:25 PM
U.S. Shipping Corp, formerly known as U.S. Shipping Partners L.P., announced it has emerged from Chapter 11 bankruptcy protection pursuant to the Third Plan of Reorganization approved by the U.S. Bankruptcy Court for the Southern District of New York on October 1, 2009.

"We are very...

TOP Ships Q3 Financial Results
11/12/2009 11:12:49 PM
TOP Ships Inc. (NasdaqGS:TOPS) announced its operating results for the third quarter and nine months ended September 30, 2009. For the third quarter of 2009, the company reported net income of $329,000 or $0.01 per share, compared with net income of $41,640,000 or $1.44 per share, for the third quarter of 2008...

OceanFreight Q3 2009 Report
11/11/2009 6:03:57 PM
OceanFreight Inc. (NASDAQ: OCNF), a global provider of marine transportation services, announced its financial results for the quarter ended September 30, 2009.
 
Financial Highlights
For the three-month period ended September 30, 2009, the Company reported Net Loss of $13.3 million or basic and diluted loss per share of $0...

Bourbon Q3 Report
11/10/2009 10:07:15 PM
Bourbon's third-quarter revenues came to 246.8 million euros, up 3.1% compared with the same period in 2008 (-2.8% at constant exchange rates), due to satisfactory growth in the Offshore Division which offset a sharp decline in the Bulk Division.

In the first nine months of the year, Bourbon posted revenue growth of 8...

Nordic American Tanker Shipping Q3 Report
11/9/2009 9:34:48 PM
On or about December 4, Nordic American Tanker Shipping (NAT) will pay a dividend for the 49th consecutive quarter since the first three vessels were delivered to the company in the autumn of 1997 when the company commenced operations. Since then a total of $39.89 per share has been paid in dividend...

Seanergy Maritime Q3 Results
11/6/2009 6:34:20 PM
Seanergy Maritime Holdings Corp. announced its operating results for the third quarter and nine month period ended September 30, 2009.

Third Quarter 2009 Financial Highlights:
-- Net Revenues of $22.4 million
-- EBITDA of $23.1 million for the three months ended September 30, 2009...

Hornbeck Offshore Q3 2009 Results
11/5/2009 9:28:03 PM
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the third quarter ended September 30, 2009.

Third quarter 2009 revenues decreased 17.4% to $90.1 million compared to $109.1 million for the third quarter of 2008. Operating income was $27.1 million, or 30.1% of revenues, for the third quarter of 2009 compared to $52...

Seaspan Reports Financial Results
11/5/2009 9:25:11 PM
Seaspan Corporation (NYSE: SSW) announced the financial results for the three and nine months ended September 30, 2009.

Third Quarter 2009 and Year-to-Date Highlights:
- Reported revenue of $74.1 million and $207.0 million, respectively, for the three and nine months ended September 30, 2009 compared to $57...

DryShips Debt Agreement
11/5/2009 9:02:39 PM
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk cargoes and off-shore contract drilling oil services, announced that it has signed an agreement with Commerzbank and West LB on waiver terms for $70 million of our outstanding debt. This agreement is subject to customary documentation...

Excel Maritime Reports Q3 Results
11/5/2009 8:56:00 PM
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and an international provider of worldwide seaborne transportation services for dry bulk cargoes, announced its operating and financial results for the third quarter and nine-month period ended September 30, 2009.

Safe Bulkers Q3 Results
11/4/2009 9:07:28 PM
Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, announced its unaudited financial results for the three- and nine-month periods ended September 30, 2009.

Summary of Third Quarter 2009 Results
Net revenue for the third quarter of 2009 decreased by 31% to $36...

Royal Caribbean Q3 Results
11/4/2009 9:05:09 PM
Royal Caribbean Cruises Ltd. (NYSE:RCL) announced earnings for the third quarter of 2009 and provided guidance for the fourth quarter and full year.
Key Highlights
•    Third quarter 2009 net income was $230.4 million, or $1.07 per share, compared to net income of $411.9 million, or $1...

Transocean Reports Q3 2009 Results
11/4/2009 9:03:06 PM
Transocean Ltd. (NYSE:RIG) reported net income attributable to controlling interest for the three months ended September 30, 2009 of $710 million, or $2.19 per diluted share, compared to net income attributable to controlling interest of $1.063 billion, or $3.30 per diluted share for the three months ended September 30, 2008...

ACL Reports Q3 Results
11/3/2009 9:28:35 PM
American Commercial Lines Inc. (NASDAQ: ACLI) (ACL) announced results for the quarter and nine months ended September 30, 2009. Revenues for the quarter ended September 30, 2009 were $216.0 million, a 31.1% decrease compared with $313.7 million for the quarter ended September 30, 2008. The decrease in...

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CG Photo: Barge Grounding at Sandbridge Nov 19 2009 7:20PM

Report on USCG ARRA Expenditures Nov 19 2009 7:20PM

Wojtaszczyk Joins Bisso Marine Nov 19 2009 7:19PM

Dockwise, $24M in Near-Term Contracts Nov 19 2009 7:18PM

EU NAVFOR Neutralize Pirate Attack Nov 19 2009 7:18PM

Edoc Systems Remains Healthy in Sour Economy Nov 19 2009 7:17PM

Bisso Marine Promotes Posik Nov 19 2009 7:16PM

CMA CGM: Significant Recovery in Operations Nov 19 2009 7:16PM

Tsakos Energy Ship Sales Nov 19 2009 7:15PM

Drydocks World – Dubai Wins Award Nov 19 2009 7:14PM

Statoil: Horton Case Closed Nov 19 2009 7:13PM

Reminder of Best Practices Following Pirate Attacks Nov 19 2009 7:13PM

This Day in Coast Guard History – Nov. 20 Nov 19 2009 7:12PM

This Day in Naval History – Nov. 20 Nov 19 2009 7:11PM

Wing Inflatables Expands Boat Series Nov 19 2009 2:42AM

Iridium Teams Up to Supply Mexico Nov 19 2009 2:41AM

USCG Deploys KVH TracPhone V7 Satellite Nov 19 2009 2:40AM

Mansuy, 2010’s Best Lawyers in America Nov 19 2009 2:39AM

Donjon Sells Interest in Port Albany Ventures Nov 19 2009 2:38AM

STX Finland Constructs South African Research Vessel Nov 19 2009 2:37AM

Atlas Elektronik Sets Up Subsidiary in Finland Nov 19 2009 2:36AM

Singapores ASL Builds Big and Complex Nov 19 2009 2:35AM

Cat Marine Power New Canadian Pilot Boats Nov 19 2009 2:34AM

ASA Members Respond to Grounded Barge Nov 19 2009 2:33AM

Euronavy ES301 Surface Tolerant Anticorrosive Nov 19 2009 2:33AM

ABS Adds to Membership Nov 19 2009 2:32AM

This Day in Coast Guard History – Nov. 19 Nov 19 2009 2:31AM

This Day in Naval History – Nov. 19 Nov 19 2009 2:30AM

Maersk Alabama Crew Repels Suspected Pirate Attack Nov 18 2009 9:18AM

Spanish Fishing Vessel Alakrana Released Nov 17 2009 11:38PM

Attempted hijacking of MV Lady Juliet Nov 17 2009 11:36PM

Hijacked Ship in the Indian Ocean Nov 17 2009 11:36PM

New Navy Contracts Nov 17 2009 11:35PM

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