Gulf Navigation Holding’s FY 2009 NI fell by 82% YoY to AED26.55 mn ($7.2 mn) from AED148.22 mn in FY 2008, while FY 2009 Sales fell by 15% YoY to AED338.16 mn versus AED395.93 mn in FY 2008. Lower sales were explained by lower freight rates, said the company.  Operating Profits Before Depreciation and Interest [...]

Shipping Corporation of India (SCI) saw fiscal 3Q 2009 NI decline by 52.8% YoY to INR874.4 mn from INR1,854.3 mn in 3Q 2008, while fiscal 9M 2009 NI declined by 67.4% YoY to INR2,410.6 mn from INR7,399.1 mn in 9M 2008. Fiscal 3Q 2009 Net Sales came to INR8,454.3, down 24% YoY from INR11,131.3 mn [...]

China Shipbuilding Industry Corp said FY 2009 gross income rose 17% YoY to CNY 120.9 bn and profit rose by 18.5% YoY to CNY7.39 bn ($1.08 bn).
The Beijing-based company, parent of China’s largest maker of equipment for vessels, said the company is now able to manufacture 180,000-dwt bulkers, 320,000-dwt oil tankers, 13,000-TEU containers as well [...]

Port operator DP World, a unit of state-owned conglomerate Dubai World, blamed a decline in container volumes for the expected decline in full year pretax profit. Container volumes in 1H 2009 fell 8% YoY to 25.6 mn TEUs (twenty foot equivalent units) across its 28 consolidated terminals.