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MOL

MOL records $113.8m profit in Q1 

Mitsui OSK Lines (MOL) remained in the black in the first quarter ended 30 June 2019 with a $113.8m and has maintained its full year profit forecast. MOL reported a...

mol-announces-start-of-new-smart-shipping-office

MOL delivers $242m profit for 2018

Japanese shipping company Mitsui O.S.K. Lines (MOL) reverted to profitability in fiscal year 2018, unlike its partners in the ONE alliance. MOL delivered a profit of JPY...

Cosco shipping

COSCO shipping Ports’ profit drops as volumes rise

Despite a rise in volumes and revenue, the net profit of Hong Kong-based port operator COSCO Shipping Ports plunged in the first quarter of 2019. The company’s net...

Boeing, Green Africa Airways commit to $11.7bn aircraft deal

737 MAX: Boeing profit drops by 13.2%

The profit of Boeing has plunged by 13.2% to $2.1 billion on the back of the global grounding of its 737 MAX plane following two crashes. According to the company, in...

european-commission-approves-hapag-lloyd-uasc-merger

Hapag Lloyd operating profit spikes 32%

German container shipping giant Hapag Lloyd on Monday said increased transport volumes, improving freight rates in the second half of 2018 and ongoing cost savings after...

GMD-NNPC-Maikanti-Baru

NNPC records ₦9.85bn profit in September

The Nigerian National Petroleum Corporation (NNPC) has announced a trading surplus of ₦9.85billion for the month of September 2018, a figure which is higher than the...

IATA forecasts profit rebound for airline industry in 2019

IATA forecasts profit rebound for airline industry in 2019

  The International Air Transport Association (IATA) on Wednesday said that global airlines will see profit growth resume next year as strong demand offsets cost...

China's COSCO secures $26bn financing pledge

Cosco H1 profit falls by 98%

China’s COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs and a slide in freight rates. China’s...

Fire erupts at Schlumberger’s Angolan facility

Schlumberger profit spikes 52% on higher oil prices

Oilfield services provider Schlumberger on Friday reported an 88 percent rise in quarterly profit as rising crude oil prices encouraged its North American clients to...

Bumi Armada hit with $247m impairment on OSV fleet value

Bumi Armada’s Q1 net profit more than doubled

Bumi Armada got off to a good start with its net profit in the first quarter ended March 31 improving to RM48.1mil, from RM23.4mil achieved in the same corresponding...

Pan Ocean first quarter profit plunges 55%

Pan Ocean first quarter profit plunges 55%

Pan Ocean has reported a 55% year-on-year plunge in first quarter profit despite a rise in revenue, due mainly to the absence of a one-off gain recorded for the year-ago...

hyundai-heavy

HHI posts Q1 profit of $410m

Embattled Hyundai Heavy Industries (HHI), presently undergoing a restructuring, has posted a profit for the first quarter of 2017, making it the fifth consecutive...