• 2017 February 17 10:26

    Huntington Ingalls reports 4Q, full year 2016 results

    Revenues of Huntington Ingalls Industries (NYSE:HII) in the fourth quarter 2016 rose 0.9% from 4Q 2015 to $1.9 billion. Operating income in the quarter was $268 million and operating margin was 13.9 percent, compared to $144 million and 7.6 percent, respectively, in the fourth quarter of 2015. Diluted earnings per share in the quarter was $4.20, compared to $1.06 in the same period of 2015, the Company said in its press release.

    For the full year, revenues of $7.1 billion increased 0.7 percent over 2015. Operating income in 2016 was $858 million and operating margin was 12.1 percent, compared to $769 million and 11.0 percent, respectively, in 2015. Diluted earnings per share for the full year was $12.14, compared to $8.36 in 2015. Cash from operations in 2016 was $822 million and free cash flow1 was $537 million, compared to $861 million and $673 million, respectively, in 2015.

    New contract awards for 2016 were approximately $5.2 billion, bringing total backlog to $21.0 billion as of Dec. 31, 2016. Major contract awards in 2016 included the detail design and construction contract for the amphibious transport dock Fort Lauderdale (LPD 28); a fixed-price incentive contract to build a ninth Legend-class National Security Cutter (unnamed); the planning, advanced engineering and procurement of long-lead material contract for the amphibious assault ship Bougainville (LHA 8); and the continued advance planning contract for the refueling and complex overhaul (“RCOH”) of the aircraft carrier USS George Washington (CVN 73).

    Huntington Ingalls Industries (HII) is an American shipbuilding company formed on March 31, 2011 as a spin-off of Northrop Grumman. Formerly known as Northrop Grumman Shipbuilding (NGSB), it was created on 28 January 2008 by the merger of Northrop Grumman's two shipbuilding sectors, Northrop Grumman Ship Systems and Northrop Grumman Newport News. The Company designs, builds and maintains nuclear and non-nuclear ships for the U.S. Navy and Coast Guard and provides after-market services for military ships around the globe. For more than a century, HII has built more ships in more ship classes than any other U.S. naval shipbuilder. Employing nearly 38,000 in Virginia, Mississippi, Louisiana and California, its primary business divisions are Newport News Shipbuilding and Ingalls Shipbuilding.




2017 June 22

18:04 CMA CGM announces FAK rates from United Arab Emirates to East Africa
17:55 Throughput of port Kaliningrad in Jan-May'17 grew by 3% to 5.41 mln t
17:33 Throughput of port Vyborg up 10% to 501,400 t in 5M’17
17:16 Rudiger Grube named as new Chairman of HHLA’s Supervisory Board
17:04 Kalmar wins an order of six RTGs from Ports America Chesapeake in Baltimore, USA
16:37 Increase in cruise calls as sector grows at ABP South Wales
16:05 HHLA holds AGM, OKs distribution of € 46.7M to shareholders for the 2016FY
16:04 The world’s largest container ship makes its maiden call at Hutchison Ports Port of Felixstowe
15:45 Throughput of port Primorsk in 5M’17 is flat, year-on-year, at 27.46 mln t
15:44 MABUX: No upward drivers on global bunker market so far
15:24 Gasum increase its shareholding in Skangas
15:03 BIMCO, INTERCARGO, ICS and INTERTANKO unite to propose ambitious Co2 reduction objectives to IMO
14:33 TTS Group signs historical contract for Syncrolift® and transfer system
14:03 CMA CGM announces Overweight Surcharge from Italian ports to all Eastbound trades
13:38 IMO treaty covering removal of wrecks was under discussion at dedicated seminar in London
13:31 Kieler Woche draws cruise ships
13:15 Throughput of port Vysotsk up 15% to 7.73 mln t in Jan-May'17
13:11 Sweden’s Port of Kapellskär gets five modern quay-berths and a larger port area
12:53 Throughput of port Ust-Luga up 12% to 42.05 mln t in 5M’17
12:16 Throughput of Big Port St. Petersburg up 7% to 21.47 mln t in 5M’17
12:01 Sanmar constructs the world’s first remotely operated commercial vessel
11:24 Northwest Seaport Alliance handles record May international container volume
11:19 Africa Maritime cooperation centre holds first workshop
10:47 Maximum number of ships received by Passenger Port of Saint-Petersburg
10:20 SBM Offshore awarded turnkey and lease and operate contracts for the ExxonMobil Liza FPSO
10:11 Brent Crude futures price down 0.09% to $44.78, Light Sweet Crude – down 0.05% to $42.51
09:45 Port of Gdansk participates in Polish Days of the Sea in Slovakia
09:36 New car-and-passenger ferry deployed at Kerch Strait ferry line (photo)
09:18 Baltic Dry Index down to 844 points

2017 June 21

20:10 Combi Lift calls on Damen with 19 vessel order
20:05 Damen’s UK Sales Manager receives Lifetime Achievement Award
18:12 Icebreaker pier in Katajanokka (Helsinki) reinforced and extended for IB Polaris
17:51 ABP donates £1,500 to Felixstowe Volunteer Coast Patrol Rescue Service
17:30 Russian-Greek joint commission for maritime navigation held its first session
17:06 Eighty-seven Crowley vessels honored with Jones F. Devlin Awards recognizing 670 combined years of safe operations
16:47 GMN maritime technology project seeks stakeholder participation
16:25 Ha Noi will host Vietship 2018 on January 24-26
16:04 Diana Shipping announces time charter contract for m/v Protefs with Hudson
15:46 IMO’s Chris Trelawny was speaking at the Port Security Technology conference in London
15:34 Ulstein Verft earns ISO9001 certificate
15:04 14,000 TEU Tampa Triumph vessel makes maiden call at Gulftainer’s Northern Container Terminal in Saudi Arabia
14:52 Ukraine’s water transport carried 0.1 mln passengers in Jan-May'17, up 4.9%, Y-o-Y
14:33 Port of Grangemouth orders new Liebherr ship-to-shore crane
14:15 Sergei Khramagin re-elected as Director General of State Transport Leasing Company (photo)
14:03 Evergreen rolls out sea freight services for Alibaba.com members
13:51 Siem Offshore's subsidiary signs 2-year contract for anchor handling tug supply vessels
13:10 IAA PortNews offers a photo release from the ceremony for awarding of Ust-Luga Cup winners
13:02 Hapag-Lloyd to increase rates from East Asia to South America EC
12:52 Pacific Bulk Terminal will build state-of-the-art transshipment facility in Primorye
12:31 Incheon Port’s America Sea Route PS1 to commence the call at Tacoma Port
12:01 Teekay’s first LNG newbuilding carrier built in China completes sea trials
11:49 KOTUG expands fleet with 5th infield support vessel
11:25 Rosmorport long-term development program approved
11:00 ABS issues Approval in Principle for Chiyoda’s floating LNG power plant concept
10:40 DNV GL’s global network of verification experts to support major new contract with Maersk Oil
10:33 Cargo transportation by Ukraine’s water transport down 8.2% to 1.7 mln t in 5M’17
10:08 Brent Crude futures price down 0.26% to $45.90, Light Sweet Crude – down 0.14% to $43.45
09:40 IMO training workshop held in Durban focused on introduction of energy-efficient shipping on the curriculum
09:14 Baltic Dry Index down to 847 points

2017 June 20

18:36 CMA CGM RUS has moved