• News

Panama Canal expansion work resumes

FEBRUARY 20, 2014 — Panama’s TVN-2 news channel today pictured workers returning to work on the Panama Canal expansion project after a dispute between the Panama Canal Authority (ACP) and contractor Grupo

  • News

Cummins names Jim Schacht GM Commercial Marine

FEBRUARY 20, 2014 — Cummins Inc. (NYSE: CMI) has named Jim Schacht as General Manager for its Commercial Marine Business. Working in close cooperation with the Cummins distributor network, Mr. Schacht will

  • News

BAE gets $15.2 million more for Virginia propulsors

FEBRUARY 20, 2014 —  BAE Systems Land and Armaments L.P., Louisville, KY, has been awarded a $15,222,617 modification to a previously awarded contract (N00024-09-C-4137) to supply long lead time materials in support

HOS earnings disappoint analysts

FEBRUARY 20, 2014 — Shares in Covington, LA, headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) were trading lower today after it reported a fourth quarter earnings increase that fell below analysts’ expectations. Net

  • News

Genco calls in Blackstone, ponders Chapter 11

FEBRUARY 19, 2014 — In an SEC filing, Peter C. Georgiopoulos-led dry bulk specialist Genco Shipping & Trading Limited disclosed that it did not make the scheduled semi-annual interest payment of approximately