Jones Act

Great Lakes Provides an Update to Q4 2022

Retrieved on: 
Tuesday, December 20, 2022
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HOUSTON, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced an update on its fourth quarter 2022 operations.

Key Points: 
  • HOUSTON, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Great Lakes Dredge & Dock Corporation (“Great Lakes” or the “Company”) (NASDAQ: GLDD), the largest provider of dredging services in the United States, announced an update on its fourth quarter 2022 operations.
  • In addition, Great Lakes is fully engaged in expanding its core business into the rapidly developing offshore wind energy industry.
  • Great Lakes cautions investors that any forward-looking statements made by Great Lakes are not guarantees or indicative of future performance.
  • Great Lakes' future financial condition and results of operations, as well as any forward-looking statements, are subject to change and inherent risks and uncertainties.

Overseas Shipholding Group Announces Charter Option Extensions for Vessels Leased from American Shipping Company

Retrieved on: 
Thursday, December 8, 2022
Maritime, Other Energy, Transport, Oil, Gas, Energy, Other Transport, OSG, Overseas Shipholding Group, Synthase, Risk, Jones Act, NYSE, Suezmax, AMSC, Oslo Stock Exchange, Safety, American Shipping Company, Flag of the United States, Airline, Oil, Security (finance)

Overseas Shipholding Group, Inc. (NYSE: OSG) (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S.
  • Flag markets, today announced that it has exercised options to extend its bareboat charter agreements with American Shipping Company ASA (Oslo Stock Exchange: AMSC / OTCQX: ASCJF) for six vessels.
  • With these extensions, seven vessels will continue on lease from AMSC six with maturity dates aligned to end in December 2026 and one with a maturity of 2025.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group Announces Share Repurchase

Retrieved on: 
Tuesday, November 15, 2022
Maritime, Transport, Oil, Gas, Manufacturing, Energy, Other Manufacturing, Overseas Shipholding Group, Flag of the United States, Risk, Jones Act, NYSE, Suezmax, Safety, EBITDA, Health, Synthase, OSG, Security (finance)

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that it has agreed to purchase five million shares of the Companys common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) today announced that it has agreed to purchase five million shares of the Companys common stock from Cyrus Capital at a price of $2.86 per share for a total of $14,300,000.
  • The purchase is expected to be completed today, and will be paid out of OSGs excess cash.
  • The price paid in this share purchase equates to an enterprise value of roughly 4.5 times expected 2022 adjusted EBITDA, an implied valuation which we consider to be very attractive.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

Overseas Shipholding Group to Announce Third Quarter 2022 Results on November 4, 2022

Retrieved on: 
Wednesday, October 26, 2022
Other Transport, Oil, Gas, Energy, Maritime, Transport, Synthase, Overseas Shipholding Group, NYSE, Access, Flag of the United States, Company, OSG, Suezmax, Safety, Jones Act, Video game, Oil

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release third quarter results before market opens on Friday, November 4, 2022.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release third quarter results before market opens on Friday, November 4, 2022.
  • The Company will host a conference call to discuss its third quarter 2022 results at 9:30 a.m. Eastern Time (ET) on Friday, November 4, 2022.
  • To access the call, participants should dial (844) 200-6205 for domestic callers and (929) 526-1599 for international callers and enter Access Code 947417.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

MATSON ANNOUNCES PRELIMINARY 3Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 3Q22 EARNINGS CALL DATE

Retrieved on: 
Monday, October 17, 2022
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Expects 3Q22 net income and diluted EPS to be $257.3 to $262.0 million and $6.67 to $6.79, respectively

Key Points: 
  • Expects 3Q22 net income and diluted EPS to be $257.3 to $262.0 million and $6.67 to $6.79, respectively
    Announces third quarter earnings call date on November 2, 2022
    HONOLULU, Oct. 17, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary third quarter financial results, provides a business update and announces that its third quarter earnings call will be held on November 2, 2022.
  • During the third quarter of 2022, Matson contributed $565.0 million in cash to the Capital Construction Fund.
  • During the third quarter of 2022, Matson repurchased approximately 1.1 million shares for a total cost of $88.4 million.
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.

Historic Christening of the First New U.S.-flagged Great Lakes Bulk Carrier in Nearly 40 years

Retrieved on: 
Wednesday, August 31, 2022
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"This American-made vessel is not only a veritable Great Lakes success story, it is a Cleveland ship, through and through," says Chairman James R. Barker.

Key Points: 
  • "This American-made vessel is not only a veritable Great Lakes success story, it is a Cleveland ship, through and through," says Chairman James R. Barker.
  • Referred to by many as the First Lady of Great Lakes shipping, Congresswoman Kaptur is the longest serving woman in congressional history.
  • Great Lakes shipping, which supports nearly 150,000 jobs and represents $35 billion in economic impact, is the most efficient and environmentally responsible form of transportation.
  • ABOUT THE M/V MARK W. BARKER: The new River-Class, self-unloading bulk carrier is believed to be the first ship for U.S. Great Lakes service built on the Great Lakes since 1983.

Atlantic Wind Transfers Orders Six Chartwell EPA Tier 4 Compliant Crew Transfer Vessels

Retrieved on: 
Tuesday, August 30, 2022
Alternative Energy, Maritime, Energy, Transport, Transfer, Block Island Wind Farm, Partnership, Chartwell, Jones Act, Technology, Safety, Wind, CTV, USCG, AWT, Carbon footprint, O&M, Multimedia, CTV News, TP, Growth, Industry, Environment, Aquaculture, Renewable energy, Shipbuilding, Atlantic Wind Connection, Coastal Virginia Offshore Wind

Atlantic Wind Transfers (AWT), the first US offshore wind farm support company, has ordered six Crew Transfer Vessels (CTV) designed by UK-based based Chartwell Marine.

Key Points: 
  • Atlantic Wind Transfers (AWT), the first US offshore wind farm support company, has ordered six Crew Transfer Vessels (CTV) designed by UK-based based Chartwell Marine.
  • AWT currently owns and operates two crew transfer vessels servicing the Block Island Wind Farm since 2016 and Coastal Virginia since December 2020.
  • View the full release here: https://www.businesswire.com/news/home/20220830005751/en/
    Atlantic Wind Transfers Orders Six Chartwell EPA Tier 4 Compliant Crew Transfer Vessels (Photo: Business Wire)
    AWTs order comprises six CTVs to be constructed by St. Johns Ship Building Inc. at its shipyard in Palatka, Florida.
  • Through its continued partnership with Chartwell Marine, AWT demonstrates its commitment to the growth of the US offshore wind market.

Tribeca Capital Group, LLC, Introduces New Program to Help Employees Injured on Land or at Sea

Retrieved on: 
Thursday, August 4, 2022
Federal Employers Liability Act, Bankhead–Jones Act of 1935, Program, LLC, Jones Act, LOS, Life, Injury, Tribeca, CEO, FELA, Income, Insurance

LOS ANGELES, Aug. 4, 2022 /PRNewswire-PRWeb/ -- Tribeca Capital Group, LLC, which specializes in legal funding for clients in pending lawsuits, now offers assistance to workers adversely affected either on or off land.

Key Points: 
  • LOS ANGELES, Aug. 4, 2022 /PRNewswire-PRWeb/ -- Tribeca Capital Group, LLC, which specializes in legal funding for clients in pending lawsuits, now offers assistance to workers adversely affected either on or off land.
  • The new program is aimed at plaintiffs suing under the Jones Act or the Federal Employer Liability Act ( FELA ).
  • Both federal laws allow workers injured on the job to claim their employers were negligent and sue for damages.
  • With this program from Tribeca Capital Group, these plaintiffs can receive much-needed funds with a partial advance on their eventual settlement compensation package.

Overseas Shipholding Group to Announce Second Quarter 2022 Results on August 8, 2022

Retrieved on: 
Monday, August 1, 2022
Other Transport, Oil, Gas, Energy, Maritime, Transport, Access, NYSE, Flag of the United States, Synthase, Overseas Shipholding Group, Access code, OSG, Company, Jones Act, Safety, Video game, Oil

Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release second quarter results before market opens on Monday, August 8, 2022.

Key Points: 
  • Overseas Shipholding Group, Inc. (NYSE: OSG) (the Company or OSG) announced today that it plans to release second quarter results before market opens on Monday, August 8, 2022.
  • The Company will host a conference call to discuss its second quarter 2022 results at 9:30 a.m. Eastern Time (ET) on Monday, August 8, 2022.
  • To access the call, participants should dial (844) 200-6205 for domestic callers and (929) 526-1599 for international callers and enter Access Code 445428.
  • Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S.

MATSON ANNOUNCES PRELIMINARY 2Q22 RESULTS, PROVIDES BUSINESS UPDATE AND ANNOUNCES 2Q22 EARNINGS CALL DATE

Retrieved on: 
Tuesday, July 19, 2022
PIN, View, Lists of disasters, Violence, NYSE, SEC, Government, Information technology, Private Securities Litigation Reform Act, Transport, Climate change, Matson, Inc., Failure, Consummation, Income, Island, Safety, COVID-19, Multimedia, CCF, GAAP, News, CCX, Ocean transportation intermediary, CAX, FEU, Share repurchase, Company, Jones Act, Title, Annual report, Rail transport by country, EPS, MATX, Renewable energy, Shipbuilding, MV Transpacific (T-1), Logistics

Expects 2Q22 net income and diluted EPS to be $373.3 to $377.9 million and $9.31 to $9.42, respectively

Key Points: 
  • Expects 2Q22 net income and diluted EPS to be $373.3 to $377.9 million and $9.31 to $9.42, respectively
    Announces second quarter earnings call date on August 1, 2022
    HONOLULU, July 19, 2022 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX) today announces preliminary second quarter financial results, provides a business update and announces that its second quarter earnings call will be held on August 1, 2022.
  • However, in recent weeks we have seen a gradual decline in the Transpacific freight rate environment off the highs experienced earlier this year.
  • To this end, we continue to expect to operate the CCX service through at least the October peak season this year."
  • Matson provides a vital lifeline to the domestic non-contiguous economies of Hawaii, Alaska, and Guam, and to other island economies in Micronesia.