Finance Working News

Award to be presented March 14, 2018 at the conclusion of the CMA’s Shipping 2018 Annual Conference and Exposition. Ms. Sabrina S. M. Chao, Executive Chairman of Wah Kwong Maritime Transport Holdings Ltd. has been named as the Connecticut Maritime Association (CMA) Commodore for the year 2018. Ms. Chao follows a long succession of influential maritime industry leaders as Commodore. The 2018 Commodore Award will be presented on March 14, 2018 at the Gala Dinner marking the conclusion of the annual Connecticut Maritime Association conference and trade exposition, at the Hilton Hotel in Stamford, Connecticut, USA. The Award is given each year to a person in the international maritime industry who has contributed to the growth and development of the industry.

Great Lakes Dredge & Dock Corporation (GLDD) informs that Marinko joins the Company to fill the role vacated in April 2014 and held in interim by the Vice President and Controller, Katherine Hayes. The Company adds that it would like to thank Ms. Hayes for her leadership in managing the transition to the new CFO who will report to the Chief Executive Officer, Jonathan Berger. GLDD explains that Mark Marinko starts at Great Lakes with a strong background in operations and finance working for TransUnion, LLC through August 2013, where he was most recently President of the Consumer Services division at TransUnion leading the direct to consumer and business market, customer service, consumer compliance and marketing for the credit information company. Mr.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced financial and operating results for the second quarter ended June 30, 2009. The company recorded net income of $16.3m, or $0.38 basic and diluted earnings per share, for the three months ended June 30, 2009. Net income, adjusted for a $4.2m gain from sale of vessels, was $12.1 million, or $0.29 basic and $0.28 diluted earnings per share. For purposes of comparison, the Company reported net income of $9.9 million, or $0.23 basic and diluted earnings per share, for the three months ended June 30, 2008. The weighted average basic and diluted shares outstanding for the three months ended June 30, 2009 were 42,576,830 and 42,728,588, respectively.

Aegean Marine Petroleum Network Inc. ANW announced financial and operating results for the first quarter ended March 31, 2009. •    Increased sales volumes by 23.6% to 1,310,037 metric tons in Q1 2009, compared to 1,060,134 metric tons for Q1 2008. •    Expanded net revenues to $40.0 million. •    Recorded operating income of $8.3 million. •    Reported net income of $4.4 million, or $0.10 basic and diluted earnings per share. o    Expanded Greek operations to the market of Patras. o    Acquired or took delivery of five double-hull bunkering tankers, including two newbuildings. •    Secured a new senior secured revolving credit facility for a period of two years. •    Entered into strategic alliance with Gulf Oil for the marketing and distribution of marine lubricants.

Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced financial and operating results for the third quarter and nine months ended September 30, 2008. •    Increased sales volumes to 1,338,914 metric tons in Q3 2008 and 3,631,486 metric tons for the nine months ended September 30, 2008. •    Generated gross spread on marine petroleum products of $44.4 million in Q3 2008 and $115.3 million for the nine months ended September 30, 2008. •    Recorded operating income of $15.1 million in Q3 2008 and $36.0 million for the nine months ended September 30, 2008. •    Reported adjusted net income, which excludes certain special items including $0.9 million relating to a tax accrual and $0.2 million relating to the automatic vesting of shares belonging to our deceased Director…