Prnewswire News

General Maritime Corporation (NYSE: GMR) today reported its financial results for the three months ended March 31, 2011. Excluding the $3.3 million non-cash loss relating to the disposal of vessels and vessel equipment as well as the $1.8 million impairment of goodwill and $0.1 million other income, the Company recorded a net loss of $26.5 million or $0.31 basic and $0.31 diluted loss per share for the three months ended March 31, 2011, compared to net loss of $9.3 million or $0.17 basic and $0.17 diluted loss per share for the three months ended March 31…

General Maritime Corporation (NYSE: GMR) announced today that it has completed the syndication of an Amendment of its 2005 revolving credit facility of $550 million and $200 million payment-in-kind toggle floating rate secured notes ("Secured Notes") with Oaktree Capital Management L.P. ("Oaktree"). Together, the Secured Notes and the amended revolving credit facility are expected to enable the Company to improve its liquidity and operational flexibility, while reducing its near-term cash requirements.

HOUSTON, May 9, 2011 /PRNewswire/ -- Hyperdynamics Corporation (NYSE Amex: HDY) announced today that AGR Peak Well Management Ltd. (AGR) has signed an extension to a letter of intent on behalf of Hyperdynamics with Jasper Drilling Pte. Ltd. of Singapore regarding the Jasper Explorer drill ship for exploration drilling in Hyperdynamics' concession offshore the Republic of Guinea.  The letter of intent has been extended until May 20, 2011 in order to provide sufficient time for the parties to finalize negotiations of the contract terms. Source: http://www.hyperdynamics.com

Genco Shipping & Trading Limited (NYSE: GNK) ("Genco" or the "Company") today reported its financial results for the three months ended March 31, 2011. The following financial review discusses the results for the three months ended March 31, 2011 and March 31, 2010. * Continued time charter strategy of fixing vessels on short term or spot market related contracts with options to convert to fixed employment contracts while market remains soft.

Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the first quarter of 2011 on Wednesday, May 4, 2011 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the first quarter ended March 31, 2011 on Tuesday, May 3, 2011 after the close of market trading. Wednesday, May 4, 2011 at 8:30 a.m.

PIRAEUS, Greece, April 18, 2011 /PRNewswire/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced it has been awarded a 20-year concession by the Panamanian Maritime Authority (PMA) to operate onshore storage facilities in the ports of Cristobal and Balboa in Panama on an exclusive basis. The award is subject to the fulfillment of certain conditions by the Company and completion of definitive documentation with the appropriate Panamanian authorities. In addition…

COVINGTON, La., April 21, 2011 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its first quarter 2011 financial results at approximately 6:00 a.m. Eastern on Thursday, May 5, 2011. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 5, 2011 at 10:00 a.m. Eastern (9:00 a.m. Central). Thursday, May 5, 2011 at 10:00 a.m. Eastern (9:00 a.m.

HOUSTON, April 18, 2011 /PRNewswire/ -- Trico Shipping AS (the "Company"), a subsidiary of Trico Marine Services, Inc. (Pink Sheets: TRMAQ) ("Trico Marine"), announced today that it has extended the expiration date of its out-of-court exchange offer (the "Exchange Offer") to the holders ("Noteholders") of its 11 7/8% senior secured notes due 2014 (the "Notes") and the solicitation of consents to the governing indenture (the "Consent Solicitation") to 5:00 p.m. Eastern Time on April 20, 2011. Withdrawal rights under the Exchange Offer will not be extended by the new expiration date.

LOS ANGELES, March 31, 2011 /PRNewswire/ -- Northrop Grumman Corporation (NYSE: NOC) today announced that it has completed the previously announced spin-off of its subsidiary Huntington Ingalls Industries, Inc. (NYSE: HII). Northrop Grumman stockholders of record at the close of business of the New York Stock Exchange (NYSE) on March 30, 2011, received one share of HII common stock for every six shares of Northrop Grumman common stock held. Stockholders will receive cash in lieu of fractional shares of HII.

LONDON, March 29, 2011 /PRNewswire/ -- Northrop Grumman Corporation's (NYSE: NOC) Sperry Marine business unit has signed a full production contract for the Integrated Navigation Bridge System (INBS) for the U.K. Ministry of Defence's (MoD) Queen Elizabeth Class (QEC) Aircraft Carrier Programme. The company also signed a design phase contract for the Navigation Lights, Shapes and Sounds (NLSS). Terms of the contracts were not disclosed. Northrop Grumman Sperry Marine will build and deliver the complete INBS, including electronic chart display and information system (ECDIS-N (U.K.)) for the new aircraft carriers. The system will include navigation planning, electronic charts and radar displays, as well as a comprehensive set of sensors and software.

FMC Technologies (NYSE: FTI) announced today that it has received a $125 million order from Petrobras (NYSE: PBR, PBRA), Brazil's national oil company, to supply equipment for use in their oil and gas developments offshore Brazil. The order, for 32 subsea trees, represents the remaining equipment under a 107-tree frame agreement that was announced in February of 2010. Equipment deliveries are scheduled to begin in 2013. "We have been a key supplier to Petrobras for decades and have delivered over 300 subsea trees for their projects in Brazil…

The Smithsonian's National Museum of American History opened "On the Water: Stories from Maritime America," a new, permanent exhibition designed to engage the public in an exploration of America's maritime heritage. The 8,500 sq ft exhibition builds on the Smithsonian's National Watercraft Collection of rigged ship models, patent models, documents and images to bring the sights, sounds and stories from the oceans, inland rivers and coastal communities to the museum's millions of visitors.

Holland America Line will hold the official naming ceremony for it's first Signature-class ship, ms Eurodam, July 1, 2008, in Rotterdam, the city where the 135-year-old Dutch company was founded. Naming ceremonies will be held near the company's original headquarters, which now operates as the Hotel New York. Numerous events and activities are being planned to showcase the vessel to key stakeholders, including past guests, travel agents, former employees, local dignitaries, media and others. The ship arrives Jun. 29 to begin four days of celebrations and departs Jul. 2 for a three-day prelude cruise with its first guests. In the days leading up to the naming, the Eurodam will sail from Venice, Italy, to Southampton, England, before arriving in Rotterdam.

International investment firm Babcock & Brown (ASX: BNB - News), announced it has entered into a definitive agreement to acquire Bluewater Wind Delaware LLC and its parent holding companies, including Bluewater Offshore Holdings LLC and Bluewater Wind Holdings, LLC, in an effort to expand its portfolio of wind energy projects and contribute to its goal of developing offshore wind. Hunter Armistead, head of Babcock & Brown's North American Energy Development Group added that Bluewater will continue with negotiations with Delmarva Power toward executing a Power Purchase Agreement (PPA), in a process that is being overseen by the Delaware Public Service Commission and three state agencies. [Source: PRNewswire]