Golar is ready to breakout of its current range when Q-3 earnings are released. There is a shortage of vessels suitable for transporting LNG around the globe, and Golar stands to benefit. The fundamentals are good now, and look to improve over the next several years. Investors should carefully consider this company for growth. READ… Read More
It has been a rough year for Caterpillar (CAT) and the shareholders in it. Concerns over the current trade war being waged by the Trump Administration, rising interest rates that could slow growth, and general economic conditions in various parts of the world have all acted to punish investors in the company and to generate… Read More
CAT’s stock price has fallen dramatically amidst market calamities. In spite of short-term headwinds, CAT possesses significant long-term upside potential. For long-term investors, CAT remains a formidable and lucrative investment opportunity. As Caterpillar (CAT) is caught amidst an escalating trade war and broader market cool-down, the company’s valuation has become more reasonable allowing value investors… Read More
In 1995, the U.S. Army Corps of Engineers did a study that identified the entrance channel as a potential dredging project. You know, the pollock fishery was soundly going at that point — and the containerized cargo. Delta Western had fuel tankers and all those things going on. And it really didn’t slow down. So… Read More
Good morning, everyone, and welcome to Wartsila’s Interim Report January to September 2018 Presentation. We have a very familiar concept, so I will give a short presentation and then you have the possibility for questions. And with me here this morning, I have the whole board of management; and Natalia Valtasaari, Head of Investor Relations…. Read More
Caterpillar (CAT -6.1%) ticks off its lows of the day after CEO Jim Umpleby said the company expects its businesses to continue improving into 2019 as demand remains strong in most of its end markets. In this morning’s earnings conference call, Umpleby said CAT is starting to see an impact from its mid-year price increases…. Read More
THIRD QUARTER HIGHLIGHTS – Order intake stable at EUR 1,372 million (1,354)– Net sales increased 13% to EUR 1,330 million (1,175)– Book-to-bill 1.03 (1.15)– Comparable operating result increased to EUR 141 million (131), which represents 10.6% of net sales (11.2)– Earnings per share increased to 0.17 euro (0.14) – Cash flow from operating activities decreased… Read More
Caterpillar Inc. (NYSE: CAT) today announced third-quarter 2018 sales and revenues of $13.5 billion, compared with $11.4 billion in the third quarter of 2017, an 18 percent increase. Third-quarter 2018 profit per share of $2.88 was a third-quarter record. Profit per share was $1.77 in the third quarter of 2017. Excluding restructuring costs and a… Read More
Caterpillar (NYSE:CAT) reports a 21% increase in worldwide machine retail sales for the rolling three-month period ending in September, slightly lower than in the prior three months. The North American region sported the strong growth rate for the period, rising 28% Y/Y after rising 29% in the prior three-month period, while Latin America sales jumped… Read More
A lawsuit was filed against the Humboldt Bay Harbor Recreation and Conservation District by the Humboldt Fishermen’s Marketing Association and Trinidad Bay Fishermen’s Association. The two fishing groups are suing over a long list of allegations that include alleged dredging failures and money management issues among other things. The lawsuit was filed in September. “Our… Read More
As beachside communities begin rebuilding in the wake of two catastrophic hurricane impacts on the United States, they should ask whether beach nourishment offers enough protection from erosion and flooding. Hurricane Michael recently struck Florida’s panhandle as a devastating category 4 storm packing 155mph winds. Barely a month earlier, Hurricane Florence flooded North Carolina when… Read More
In addition to the wastewater public service delegation contract for Greater Bordeaux recently signed by the city’s mayor Alain Juppé and Antoine Frérot, Veolia Eau France (Paris:VIE) has won a new series of contracts with new municipalities. From Côte de Nacre to Dinan, and Givors to Cannes Pays de Lérins, these successes represent cumulative revenue… Read More
This article appeared in The Baltimore Sun on October 11, 2018. The success in renegotiating NAFTA offers a useful opportunity to look back over 25 years to its first passage and its impact on one Baltimore company, Ellicott Dredges. Ellicott, which was already a 100-plus year old manufacturer and exporter of dredging equipment (its dredges… Read More
There’s something apocalyptic about this pond on the east side of San Francisco Bay, California. The legacy of a salt industry that has moved elsewhere, it has subsided a couple of meters below the level of neighboring marshland. Algae paints red swirls in the brown water, and the pond’s edge is crusted hard with sparkling… Read More
In the first nine months of 2018, the Port of Corpus Christi reached a new milestone, setting a new tonnage record of 79.3 million tons. This surpasses the previous record of 77.9 million tons set in the first nine months of 2015, while also eclipsing the same period in 2017 by 4 million tons, an… Read More