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U.S.-flag tank vessel operator Overseas Shipholding Group, Inc. (NYSE: OSG) reported second quarter results that included net income of $6.4 million, compared with a net loss of $1.7 million for the second quarter of 2019. Shipping revenues were $114.5 million, up 29.5% compared with last year’s second quarter 2019. Time charter equivalent (TCE) revenues were… Read More
American Commercial Barge Line (ACBL) and its board of directors have named Mike Ellis, as the company’s new CEO and a member of its board of directors, effective August 17, 2020. The announcement follows an earlier announcement that Mark Knoy will retire from his positions as president and CEO and member of the board. “Following… Read More
Norwegian Cruise Line Holdings Ltd. (NYSE: NCLH) today reported financial results for the second quarter ended June 30, 2020. The company’s second-quarter GAAP net loss was $715.2 million or $2.99 per share compared to net income of $240.2 million or $1.11 per share in the prior year. Adjusted net loss was $666.4 million or $2.78… Read More
Director Sullivan bought 10,000 shares of common stock at $2.90 per share on August 7 and now owns 154,168 shares of the Company. Orion SEC filing Source: oriongroupholdingsinc
Source: linkedin
Author: Dan Ginolfi WaterLog August 2020 Source: waterlog.net
IHC America, continues to expand its market in N. America with the multiple deliveries of refurbished & customized Dragheads. These pictured refurbished Dragheads were recently delivered to two N. American customers who commented that IHCA delivered their Dragheads back like new, with superior quality and timely delivery. Dragheads are of critical importance to the entire… Read More
Source: linkedin
Offshore drilling contractor Noble Corporation has filed for Chapter 11 bankruptcy protection to restructure its debt following a “severe downturn in commodity prices which has been compounded by the Covid-19 pandemic”. Noble Corporation said that it entered into a restructuring support agreement with two ad hoc groups of the largest holders of the company’s outstanding… Read More
U.S.-based Fieldwood Energy has filed for Chapter 11 bankruptcy as part of its efforts to restructure the company. Fieldwood said on Tuesday that it filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the Bankruptcy Court for the Southern District of Texas. The Gulf of Mexico-focused oil and… Read More
Underwater laser scanner and imaging systems specialist 2G Robotics has said that its founding chief executive officer Jason Gillham is stepping down from his role at the company this August. He will remain available to the board of directors and to parent company Sonardyne Group during the leadership transition period. As a result, Chris Gilson,… Read More
Subsea protection specialist Tekmar said that James Ritchie-Bland has resigned as CEO and stepped down from the board. He plans to leave the business before the end of the current financial year. Alasdair Macdonald (Ally), currently non-executive chairman of the Group, has assumed the role of executive chairman. Tekmar noted that a formal process to… Read More
Veit, a specialty contracting firm, found themselves in need of a more visual, 3D software solution dedicated to clamshell dredging, that would represent the clamshell’s position and progress in real time on an upcoming project on Superior Bay in Duluth, Minnesota. Veit is a long-time Trimble user, but was looking for a more visual, 3D… Read More
CDMCS is pleased to announce that Curtin Maritime of Long Beach, California has joined the nation’s unified safety voice for dredging and marine construction. Founded in 1997 Curtin Maritime is a leading American-owned and -operated marine solutions company providing a wide range of quality maritime services for each phase of a project, from design to… Read More
OAK BROOK, Ill., Aug. 04, 2020 (GLOBE NEWSWIRE) — Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD), the largest provider of dredging services in the United States announced that the Board of Directors has authorized a share repurchase program pursuant to which the Company may repurchase up to $75 million of its common stock. Lasse Petterson, Chief… Read More