Financials News

Vantage Drilling International Ltd. reported a net income attributable to shareholders of approximately $67.2 million or $4.97 per diluted share for the three months ended September 30, 2025, based on the weighted average shares outstanding, as compared to a net loss attributable to shareholders of approximately $10.6 million or $0.80 per diluted share for the three months ended September 30, 2024.As of September 30, 2025, Vantage had approximately $197.4 million in cash, including $35.0 million in pre-funding for upgrading the Tungsten Explorer…

ZIM Integrated Shipping Services reported third-quarter 2025 earnings that, while sharply lower year-on-year, demonstrate the carrier’s ability to generate meaningful profit and cash flow in an increasingly volatile global container market. Revenues fell 36% to $1.78 billion as freight rates continued to normalize from 2024 highs, and net income dropped to $123 million, compared with $1.13 billion a year ago. Still, ZIM delivered an Adjusted EBITDA of $593 million—underscoring the value of its cost-efficient…

Star Bulk Carriers reported a weaker third quarter amid softening dry bulk markets, lower charter rates and a smaller operating fleet, while continuing to reshape its fleet through vessel sales, refinancing and newbuilding acquisitions.The company posted net income of $18.5 million for Q3 2025, down sharply from $81.3 million in the same period last year. Voyage revenues also fell to $263.9 million, versus $344.3 million a year ago, reflecting reduced TCE rates and a drop in the number of vessels on the water.

Conrad Industries, Inc. announced its third quarter and nine months ended September 30, 2025 financial results and backlog at September 30, 2025.For the quarter ended September 30, 2025, Conrad had net income of $5.5 million and earnings per diluted share of $1.09 compared to net income of $7.5 million and earnings per diluted share of $1.49 during the third quarter of 2024. The Company had net income of $15.2 million and earnings per diluted share of $3.02 for the nine months ended September 30…

Flex LNG Ltd. reported steady third-quarter results for 2025, with a continued focus on maintaining its modern fleet of 13 large LNG carriers at peak operational and financial efficiency.Vessel operating revenues held firm at $85.7 million, with an average Time Charter Equivalent (TCE) rate of $70,921 per day across the fleet. The company reported net income of $16.8 million and adjusted EBITDA of $61.2 million, reflecting stable performance despite a sluggish start to the winter LNG shipping season.Fleet activity remained high during the quarter.

Fincantieri reported strong financial and commercial performance through the first nine months of 2025, with revenue up 20% year-over-year to €6.7 billion and EBITDA rising 40% to €461 million. The company’s orderbook surged to record levels, underscoring continued momentum across cruise, naval and specialized vessel programs.The total workload reached €61.1 billion, equivalent to about 7.5 times 2024 revenues, while the firm’s backlog grew 32% to €41 billion. New orders of €16…

Enbridge missed third-quarter profit estimates on Friday, pressured by higher financing costs from capital investments including U.S. gas utility acquisitions, sending its shares down nearly 2% in premarket trading.The Calgary-based pipeline operator had bought three Dominion Energy utilities last year — East Ohio Gas, Questar Gas and Public Service Co of North Carolina — in a $14 billion deal, including debt.It reported adjusted core profit of C$2.31 billion ($1.65 billion) from its liquid pipelines unit…

Seadrill Limited announced its third quarter 2025 results.Quarterly Highlights:Secured contract awards across five rigs, adding over $300 million to Order Backlog.West Gemini, Sonangol Libongos and Sonangol Quenguela secured an estimated 1,000 days of incremental work in Angola, extending the longevity of the Sonadrill joint venture.West Vela was awarded two contracts in the U.S. Gulf, adding over four months in firm term, securing the rig into the second half of 2026.Sevan Louisiana received an award in the U.S.

DOF Group ASA's revenue for 3rd quarter totals USD 501 million and EBITDA totals USD 205 million. The operating profit (EBIT) is USD 138 million. Net financial cost amounts to USD -1 million, including unrealized currency gain of USD 20 million. The result after taxes is USD 107 million. The Group’s net interest-bearing debt is USD 1,332 million. The equity is USD 1,978 million giving an equity ratio of 46%.Key Highlights in the 3rd quarter:The Group delivered EBITDA of USD 205 million…

Great Lakes Dredge & Dock Corporation (Nasdaq: GLDD), the largest U.S. dredging contractor, reported third-quarter 2025 earnings that topped profit estimates but came in just shy of revenue expectations, reflecting steady operations amid a cooling federal project environment and a shrinking backlog.The company reported revenue of $195.2 million, a modest 2% increase from last year’s $191.2 million but below analyst estimates of around $200 million. Net income rose to $17.7 million…

St. Catharines, Ontario–based Algoma Central Corporation (TSX: ALC) reported a solid third quarter for 2025, marked by fleet milestones, steady revenue growth across segments, and ongoing investment in next-generation vessels.For the quarter ended September 30, Algoma posted revenue of C$228 million, up from C$205 million a year earlier, and EBITDA of C$89.7 million, a 19% increase year-over-year. Net earnings came in at C$39.4 million or C$0.97 per share, essentially flat compared to Q3 2024.“This quarter marked a milestone for Algoma with the delivery of the Algoma Legacy…

Norwegian Cruise Line Holdings NCLH.N forecast fourth-quarter profit below expectations on cost pressures and subdued appetite for sea-based vacations as travelers curb spending, sending its shares down about 15% on Tuesday.Persistent inflation, tariff-driven uncertainty, and the fallout of the prolonged U.S. government shutdown on port activity have clouded demand heading into the crucial holiday season.Volatile fuel prices due to geopolitical tensions, and expenses related to drydocks…

Ocean Network Express (ONE) has released its financial results for FY2025 2nd quarter (July 2025 to September 2025).The revenue for FY2025 2nd quarter was $4.455 billion, with net profit of $285 million."Our FY2025 2Q results underscore ONE’s resilience and stability in a challenging market. Despite the market fluctuations driven by geopolitical uncertainties, we delivered positive results and secured profitability for the first half of the fiscal year," said Jeremy Nixon, CEO of Ocean Network Express. "We maintain a cautious outlook for the full year given current market dynamics.

Financially, 2024 was a positive year for Damen Shipyards Group. Revenue remained just above USD$3.47 billion (3 billion euros). Net profit rose from USD$49.8 million (43 million euros) to USD$67.1 million (58 million euros). The order book was filled with a record USD$6.83 billion (5.9 billion euros) in new orders, rising to USD$12 billion (10.4 billion euros). In 2024, Damen delivered no fewer than 146 new vessels to clients. This included the Volta 1 and the Bu Tinah. The former is Europe's first fully electric tug, which has been put into service by the Port of Antwerp-Bruges in Belgium.

HII reported results for the third quarter of fiscal 2025.Highlights:Third quarter revenues were a record $3.2 billionThird quarter net earnings were $145 million or $3.68 diluted earnings per shareCompleted builder’s sea trials for guided missile destroyer Ted Stevens (DDG 128)Completed initial sea trials of Virginia-Class Submarine Massachusetts (SSN 798) in early OctoberThird quarter 2025 revenues of $3.2 billion were up 16.1% from the third quarter of 2024, driven by growth at Newport News Shipbuilding…

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.