Company & People News/Dredge Mining
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Hornbeck Offshore files for Chapter 11 bankruptcy

LA, United States

Hornbeck Offshore Services Inc. (OTCQB:HOSS) and 14 affiliated debtors yesterday filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code. The debtors’ bankruptcy...

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C&C Marine & Repair increases indoor fabrication facilities

LA, United States

Belle Chasse, La., based C&C Marine and Repair has acquired a 35,000-square-foot fabrication building from Versabar Inc. following the expiration of a leaseback provision in a 2018 purchase...

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Rand Logistics completes American Steamship acquisition

NJ, United States

GATX Corporation (NYSE:GATX) today announced that it has completed the sale of its American Steamship Company (ASC) business to Rand Logistics, LLC for approximately $260 million in cash proceeds,...

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Hornbeck Offshore takes another step towards Chapter 11 reorganization

LA, United States

Hornbeck Offshore Services Inc. (OTCQB:HOSS) reported yesterday that it has launched a solicitation of votes from its lenders and unsecured noteholders in support of a prepackaged Chapter 11 plan of...

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Conrad reports profitable first quarter

LA, United States

Morgan City, La., headquartered shipbuilder Conrad Industries, Inc. (OTC Pink: CNRD) reported net income of $414,000 for the quarter ended March 31, 2020, compared to a net loss of $307,000 during...

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Carnival announces layoffs, furloughs and salary cuts

FL, United States

Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) today reported a number of additional actions it is taking to strengthen its liquidity position in the event of an extended pause in cruise...

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Joachim Ebert, Arcadis US CEO, Dies at 51; Permanent Successor Named

CO, United States

Michael Dyke has been named managing director by a joint venture of U.K.-based Balfour Beatty Group Ltd. and France’s VINCI Group S.A. of two engineering projects valued at $6.2 billion on...

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Hornblower Group names new CEO

CA, United States

Kevin Rabbitt has been appointed CEO of small passenger vessel specialist Hornblower Group. He is expected to take up the role in July, while founder, Chairman and current CEO Terry MacRae will...

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German Shipbroker Expands Into Corporate Finance

Germany

A worldwide consultancy and specialist shipbroker for offshore renewable energy projects, Global Renewables Shipbrokers, is now venturing into the field of project investments and corporate...

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EdgeTech Promotes Gene Andella to Customer Service Manager

MA, United States

EdgeTech, the leader in high resolution sonar imaging systems and underwater technology, recently promoted Gene Andella to the role of Customer Service Manager. Gene has worked with EdgeTech for...

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U.S. Army Awards Crowley as Third Party Logistics Provider in Europe

FL, United States

Crowley Solutions has received a multi-year award from the U.S. Army 409th Contracting Support Brigade-Theater Contracting Command to provide transportation of personnel and cargo and procurement...

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Diamond S Shipping Inc. Reports First Quarter 2020 Results

CT, United States

GREENWICH, Conn.--(BUSINESS WIRE)--Diamond S Shipping Inc. (NYSE: DSSI) (“Diamond S”, or the “Company”), one of the largest publicly listed owners and operators of crude oil and product tankers,...

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Royal Caribbean puts focus on safety, cost cuts and liquidity

FL, United States

Royal Caribbean Cruises Ltd. (NYSE: RCL) estimates it is burning through cash in the range of approximately $250 million to $275 million per month during the present suspension of cruise operations,...

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ThayerMahan Closes on $10 Million in Financing from AE Industrial Partners

CT, United States

GROTON, Conn. and BOCA RATON, Fla., May 4, 2020 /PRNewswire/ -- ThayerMahan Inc. ("ThayerMahan"), a leading maritime technology company providing autonomous marine sensing solutions, announced that...

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International Seaways reports record first quarter

NY, United States

New York City headquartered International Seaways, Inc. (NYSE: INSW), one of the world’s largest tanker operators, reported net income for the first quarter of $33.0 million, compared to a net...