26/05/2014at 10:54

Songa Offshore delivers best operating result in three years

Norwegian-Cypriot Songa Offshore delivered a net result of USD 1.4 million following a major impairment in the first quarter of the year. A strong quarter, says CEO.

by DANIEL LOGAN

Offshore company Songa Offshore achieved a revenue of USD 154.7 million in the 1st quarter 2014, and the company presented an operating profit (EBITDA) of USD 65.3 million, according to the company's interim report, published Monday.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Norwegian rig companies sued again for night pay
For subscribers
New Statoil discovery in the Barents Sea
For subscribers
New investments in Norwegian offshore for USD 69.5 billion
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Carriers

Car carriers have rarely seen such profits: "We are probably at an all-time high"

After a difficult time during the pandemic, 2022 has exceeded all expectations for car carriers, says chief exec of Höegh Autoliners. Low capacity and electric cars out of China are main factors in elevating prices.

For subscribers

Container

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

For subscribers

Foto: Ints Kalnins/Reuters/Ritzau Scanpix/REUTERS / X02120

Tanker

Fredriksen now owns nearly as many Euronav shares as the Saverys family

For subscribers

”Blue Water wants to grow – but it will be with a focus on profitable growth, and we will hold on to our strong values, unique customer focus and high level of satisfaction among both customers and personnel,” states Kurt Skov, founder and departing chair at Blue Water Shipping. | Foto: Carsten Andreasen/Ritzau Scanpix

Logistics

Blue Water founder promises future "focus on profitable growth"

For subscribers

Foto: Tatiana Meel/Reuters/Ritzau Scanpix

Regulation

EU considers capping Russian fuel prices at USD 100 a barrel

For subscribers

Offshore

Borr Drilling raises USD 400m to pay off debt

For subscribers

Semco to upgrade crane capacity on two Cadeler jack-ups

Danish contractor Semco Maritime is awarded new contract for modifications on two crane ships for offshore carrier Cadeler.

For subscribers

Offshore

Offshore carrier goes bankrupt after major claim and dispute among owners

World Marine Offshore has filed for bankruptcy. Deficits, conflict among owners, and a large claim in the US all play a part, says the insolvency administrator, who is now searching for a buyer of the Danish carrier.

For subscribers

"We are currently reviewing a few transactions within the platform supply vessels sector and anchor handling segments and I hope we can conclude some business within the first six months of this year", says Head of Shipping with HCOB Jan-Philipp Rohr. | Foto: Hcob

Offshore

Energy crisis prompts strategy changes: German bank commits to offshore financing

Germany’s urgent need for new energy suppliers prompts Hamburg Commercial Bank to return to fossil investments after having rid its portfolio of oil and gas loan deals.

For subscribers

Latest news

See all

Jobs

See all jobs

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
ShippingWatch

Songa Offshore delivers best operating result in three years

Read the whole article

With your free trial you get:

Get full access for you and your coworkers

Related articles:

Norwegian rig companies sued again for night pay

New Statoil discovery in the Barents Sea

New investments in Norwegian offshore for USD 69.5 billion

Sign up for our newsletter

Front page now

Car carriers have rarely seen such profits: "We are probably at an all-time high"

Maersk rebrands Hamburg Süd and several other well-known subsidiaries

Fredriksen now owns nearly as many Euronav shares as the Saverys family

Blue Water founder promises future "focus on profitable growth"

EU considers capping Russian fuel prices at USD 100 a barrel

Borr Drilling raises USD 400m to pay off debt

Further reading

Semco to upgrade crane capacity on two Cadeler jack-ups

Offshore carrier goes bankrupt after major claim and dispute among owners

Energy crisis prompts strategy changes: German bank commits to offshore financing

Latest news

Jobs

Jobs