Transcoastal Marine Third Quarter Results Reported

Friday, November 19, 1999
TransCoastal Marine Services, Inc. reported revenues of $25.7 million for the quarter ended September 30, 1999 compared to revenues of $44.9 million for the same quarter in 1998. The company also reported a net loss for the same quarter of $5.5 million or $.49 a share. This compares to net income of $964,000 or $.10 per share for the third quarter of 1998. Third quarter 1999 results include a special pretax charge of about $1.7 million related to severance costs for management reductions and expenses related to facilities reductions in the company's Fabrication & Offshore Group. These results were also impacted by margin pressure due to highly competitive pricing.

Ship Repair & Conversion

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

Damen, Evoqua Team for Innovative BWTS Solution

Two innovators in delivering unique solutions for the maritime sector, Damen Green Solutions and Evoqua Water Technologies will launch the DAMEN BALCON EC 1500

MN100: Conrad Shipyard

The Company: Conrad Shipyard was established in 1948 and is headquartered in Morgan City, Louisiana. The company designs, builds and overhauls tugboats, ferries,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0548 sec (18 req/sec)