GSA Auctions Perfect Storm Rescue Vessel
A former U.S. Coast Guard cutter whose heroic rescues garnered notice in the movie, The Perfect Storm, made its debut on the U.S. General Services Administration auction Web site…
Rowan Completes Long-Term 5.88% Refinancing of Gorilla VI Debt
Rowan completed the refinancing of its $156.8 million of outstanding floating-rate Gorilla VI debt through the issuance of a 5.88% fixed-rate note maturing in March 2012.
World’s Biggest Oil Rig Is Sinking
The world's biggest offshore oil rig, hit by blasts that apparently killed 10 people, may sink in the next two days, the rig's Brazilian owners said on Friday, raising fears of environmental damage.
FGH’s Convertible Note Interest Payment Status
Friede Goldman Halter, Inc. announced that it has not made the semi-annual interest payment on its outstanding 4 1/2% convertible subordinated notes due 2004. The…
UK Hopes Navy Deal To Save Navy Jobs
The U.K. Ministry of Defense hopes a new contract with naval shipbuilder Vosper Thornycroft would save 450 workers from the company's planned 650 job cuts announced in December.
Wall Street Worries About Cruise Fleet Pricing
The big cruise lines have been steadily filling their rapidly expanding fleets with passengers looking to escape an especially harsh North American winter, but as…