Author: Administrator

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Great Lakes Dredge reports record results

Sand berm building after the Deepwater Horizon spill helped Great Lakes Dredge & Dock Corporation (NASDAQ:GLDD) achieve record  financial results for the quarter and year ended December 31, 2010. Great Lakes is

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Fourth quarter red ink at Frontline

John Fredriksen controlled tanker giant Frontline Ltd. reported a loss of $11.8 million for the fourth quarter of 2010, equivalent to a loss per share of $0.15, compared with net income of

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Maersk orders ten 18,000 TEU Triple-E containerships

It’s official Maersk Line has signed a contract with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build ten 18,000 TEU containerships, with an an option for an additional 20 vessels.