Financials News

Qatar Gas Transport Company Q.P.S.C. (Nakilat) announced its financial results for the third quarter of 2025 which ended September 30, 2025, with a net profit of USD$360 million (QAR 1.31 billion), compared to USD$352 million (QAR 1.28 billion) for the same period in 2024, an increase of 3.0%. This result underscores Nakilat’s strong operational resilience and strategic discipline in a dynamic global LNG shipping environment.Key financial highlights for the third quarter of 2025:Achieved a net profit of USD$360 million (QAR 1.31 billion)…

Royal Caribbean forecast fourth-quarter profit below expectations on Tuesday, as the cruise operator faces higher costs, sending its shares down about 8% in early trading.The company raised its forecast for annual profit but that too fell short of expectations, tempering a strong year that saw shares rise about 38%.Increased fuel costs amid escalating global tensions and expenses related to drydocking, ship deliveries and maintenance have hit the company.Royal Caribbean forecast fourth-quarter adjusted profit per share to be in the range of $2.74 to $2.79…

EXMAR NV has reported net profits of USD$44.4 million for the first half of 2025, compared to USD$69.5 million a year earlier. Results were supported by resilient shipping operations, strong performance in engineering, and a one-off USD$15 million gain from the reversal of a warranty provision on the Marine XII project in Congo.Key Financials (proportionate consolidation, H1 2025 vs. H1 2024):Revenue: USD$168.9m (down from 237.4m)EBITDA: USD$100.4m (104.3m)Adjusted EBITDA: USD$100.4m…

Global freight forwarder Expeditors International of Washington reported second-quarter profit and revenue above Wall Street estimates on Tuesday, helped by higher airfreight and ocean container volumes and bigger custom fees.Airfreight tonnage and ocean container volume increased 7% each year-over-year for the quarter ended June 30, as companies rushed to import before new U.S. tariffs kick in.The company also benefited as increasingly complex trade policies allowed it to charge shippers higher processing fees.U.S.

Fugro’s results in the first half year were significantly impacted by geopolitical and economic uncertainties. For the second half of 2025, the company expects a strong recovery resulting in a full-year EBIT margin of 8-11%, underpinned by revenue growth in H2 of around 20% versus H1.The macro(economic) uncertainties experienced in Q1 persisted, contributing to industry-wide project delays and scope reductions, especially in the offshore wind market. This led to lower revenue…

Norwegian Cruise Line Holdings signaled a demand rebound for its cruise vacations and maintained its annual profit target, sending its shares up 12% on Thursday.The company had earlier warned that geopolitical tensions and economic uncertainty around tariffs had weakened consumer spending on its premium vacations, particularly for its longer itineraries in Europe.The 12-month forward booked position was ahead of historical levels in recent months after having softened in early April, while on-board spending was strong, CEO Harry Sommer said in a statement.The reaffirming of annual forecast was

Huntington Ingalls Industries, America’s largest military shipbuilder and a global defense technology provider, announced its second-quarter 2025 financial results, highlighting robust cash generation, strategic progress in AI-driven shipbuilding, and a record backlog of $56.9 billion.Q2 2025 Highlights:Revenue: $3.1 billion, up 3.5% YoYNet Earnings: $152 million, or $3.86 diluted EPSFree Cash Flow: $730 million, vs. negative $99 million in Q2 2024New Contract Awards: $11.9 billionRecord…

d’Amico International Shipping S.A., an international operator in the product tanker sector, announced its financial results for Q2 and H1 2025. Despite market normalization following last year’s record highs, DIS achieved solid profitability and maintained its strong financial position.Financial Highlights (H1 2025 vs H1 2024):Net Profit: US$ 38.5 million (vs USD$122.9 million)Time Charter Equivalent (TCE) Earnings: USD$129.8 million (vs USD$210.5 million)EBITDA: USD$73.4 million with a margin of 55.5%Operating Cash Flow: USD$86.2 millionNet Debt to Fleet Market Value (excl.

Royal Caribbean raised its annual profit forecast on Tuesday, banking on resilient demand for its luxury destinations, even as the cruise operator faces pressure from higher fuel costs.The company forecast current-quarter profit below estimates, sending its shares down about 7% in early trading. The stock has gained about 53% this year.Escalating Israel-Iran tensions as well as a recently announced trade deal between the U.S.

French high-tech industrial group Exail Technologies on Wednesday reported a 52% rise in second-quarter sales, as geopolitical tensions fuel military spending in Europe.The underwater drone maker reported quarterly revenue of 126 million euros ($148 million), boosted by programmes to counter mines and solid navigation system deliveries."The defense sector is making a significant contribution to commercial expansion, with the signing of numerous sovereign programs during the quarter, particularly in Europe and Asia," the group said in a statement.Exail's shares have leapt almost 500% so far thi

China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison, to BlackRock and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, the Wall Street Journal reported on Thursday, citing unnamed sources.Reuters could not immediately verify the WSJ report.CK Hutchison, MSC, BlackRock and Cosco did not immediately respond to Reuters' requests for a comment, while the Chinese government could not be immediately reached outside office hours.Chinese officials have told BlackRock…

Carnival Corp raised its annual profit forecast after beating second-quarter estimates on Tuesday, driven by the highest margins the company has achieved in nearly 20 years, sending its shares up almost 8% in morning trading.Sea-based vacations continue to be more affordable than land-based options, particularly for lower-income customers, Carnival said. This affordability has helped the company show "remarkable resilience amid heightened volatility," as more people are booking…

Norwegian state-owned utility Statkraft said on Wednesday it would cut its annual costs by around 15% or 2.9 billion crowns ($292 million) by 2027, citing increased global uncertainty, higher expenses and lower power prices.The company already announced in May that it had stopped developing new green hydrogen projects due to higher costs and uncertain demand, after it scaled back its hydrogen ambition last year."Statkraft needs to adapt to the changing market and increased geopolitical uncertainty…

Denmark-based chemical and product tanker operator Uni-Tankers reported solid financial performance for the 2024/25 fiscal year, posting a net profit of $39.5 million and a 24.4% increase in revenue, bolstered by fleet expansion, strong contract performance, and continued investment in digitalization and decarbonization.CEO Per Ekmann called the results a confirmation that the company’s long-term strategy is delivering consistent value. “It has been four years since we completed our turnaround, and for the past three years we’ve reported steady profits.

A climate ratings firm created at French business university EDHEC has become the first to estimate projected financial losses for thousands of infrastructure assets under various climate change scenarios, its founder and chief executive said.Better understanding the potential costs of climate change is increasingly important as political pressures have led to rollbacks in environmental policies and climate change targets in some countries including the United States."We saw a critical disconnect.

HII today reported results for the first quarter of fiscal 2025.First quarter 2025 revenues of $2.7 billion were down 2.5% from the first quarter of 2024, driven by lower volume at Newport News Shipbuilding, Ingalls Shipbuilding and Mission Technologies.Operating income in the first quarter of 2025 was $161 million and operating margin was 5.9%, compared to $154 million and 5.5%, respectively, in the first quarter of 2024. The increases were primarily driven by a more favorable operating FAS/CAS adjustment…

AS Tallink Grupp has published its unaudited financial results for the first quarter of the current financial year to the stock exchange. The net loss for the period amounted to USD$37.7 million (EUR 33.2 million).“The first quarter was undoubtedly challenging for the company. Consumer and business confidence remains low, with the economic situation in our home markets and ongoing global geopolitical tensions setting the tone. Additionally, extended docking periods and four idle vessels had a significant impact on our results,” said Paavo Nõgene, CEO of AS Tallink Grupp. “On the other hand, if we exclude the impact of the four idle vessels, our results are in line with those of the first quarter of 2019.

Due to market uncertainty, overall sale and purchase levels for Bulkers have fallen year on year, with a decrease of c.58% and just 77 reported this year to date, compared to 182 for the same period last year. Since the US proposed fees to Chinese-built vessels entering US ports in February, sale and purchase levels for Chinese-built Bulkers has fallen by c.58% with just 62 transactions reported since February, compared to 146 for the same period last year.Sales for Bulkers built in China fell from c. 42% in Q4 2024 to c. 33% in Q1 2025, falling below Japan who ranked first, representing c.

U.S. shipbuilding group Conrad Industries, Inc. announced its second quarter and six months ended June 30, 2024 financial results and backlog at June 30, 2024.For the quarter ended June 30, 2024, Conrad had net income of $2.2 million and earnings per diluted share of $0.44 compared to net loss of $5.9 million and loss per diluted share of $1.18 during the second quarter of 2023. The company had net income of $3.7 million and earnings per diluted share of $0.75 for the six months ended June 30…

Cadeler A/S published its interim financial report for the first half of 2023 presenting a positive result exceeding the guidance projected for the fiscal year 2023. Revenue in the first six months of 2023 was EUR 68 million, which is an increase of 57% against the same period last year. Adjusted EBITDA for the first half of 2023 was EUR 44 million, which is a EUR 21 million increase compared to the same period last year. EBITDA for H1 2023 was EUR 42 million. Profit for the period is EUR 29 million, which is EUR 19 million higher than the same period in 2022.

Pain in the containershipping sector is not uncommon in 2023, and Israel's ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) is no exception, today reporting 2Q and six month results:Net loss for the second quarter was $213 million, negatively impacted by a non-cash after tax item of $51 million related to the redelivery of certain vessels.Operating loss (EBIT) for the second quarter was $168 million, compared to operating income of $1,764 million in the second quarter of 2022Revenues for the second quarter were $1…

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18.8 million (+162% with respect to 3Q2020), Sales totaled $192.6 million…