Tidewater, too, hit by crew change crisis; Construction underway on another new dredge for Callan Marine

Marine Daily
Glosten
Tidewater, too, hit by crew change crisis

Offshore services giant Tidewater Inc. yesterday reported more red ink for the three and six months ended June 30, 2020, but said performance for the quarter was consistent with its revised 2020 outlook and noted that it, too, had been hit by the crew change crisis. Full Article

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NCP
Construction underway on another new dredge for Callan Marine

New 28-inch dredge is being built by Hagler Systems at the Halimar Shipyard in Morgan City, La. It will focus on brown water division projects and is suited for both maintenance and capital dredging projects. Full Article

NAG Marine
Fincantieri brings in a banker as GM

Reporting a loss of EUR 137 million (about $162 million) for the first half year, Italian shipbuilding giant Fincantieri has appointed a banker, Fabio Gallia, as its new General Manager. Until 2018, he was CEO and General Manager of Cassa Depositi e Prestiti, a state controlled investment institution that is Fincantieri’s largest shareholder. Full Article

Thordon Bearings
Kirby earnings and revenue take a hit

Houston-headquartered barge transportation specialist reported reduced net earnings and revenues for the quarter ended June 30, 2020, compared with the 2019 second quarter and said it was taking cost-cutting measures that include a 40% reduction in capital expenditure. Full Article

Boksa
Sale of FSG to investment group takes a step forward

A rescuer looks to have been found for troubled German shipbuilder Flensburger Schiffbau Gesellshaft (FSG) in the shape of Lars Windhorst, founder of investment company Tennor Holding. Full Article

CMA
Burger Boat launches its third vessel for Chicago tour boat operator

Chicago’s Emerald Lady is a 98-foot steel vessel that can carry up to 250 passengers and that shares the classic look of other vessels in the Chicago’s First Lady fleet. Full Article

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