Seacor Holdings Posts Q1 Loss of $1.10/Share
SEACOR Holdings Inc.today announced its results for its first quarter ended March 31, 2015, wherein the company experienced losses during this period. The net loss attributable to SEACOR Holdings Inc. was $19.6 million, or $1.10 per diluted share. For the preceding quarter ended December 31, 2014, net income attributable to SEACOR Holdings Inc.
Jones Act Tanker Chartered for Airline Refinery
Delta Air Lines Inc's refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy. Monroe Energy LLC, the Delta subsidiary that runs the airline's 165,000 barrel per day (bpd) Trainer refinery…
US Tankers Built on Spec Face Choppy Waters
U.S. shipbuilders are making a $500 million bet on robust domestic demand for crude oil from newly-tapped shale fields by building new tankers without having lined up customers to lease them. Philly Tankers AS, majority-owned by Aker Philadelphia Shipyard is building four ships on spec, and Seabulk Tankers Inc…
