GLDD sees bright 2015 despite loss in 1Q

US dredging contractor Great Lakes Dredge & Dock (GLDD) expects to make significant profits in 2015 despite taking a first quarter loss of USD8.4 million.
The NASDAQ-listed dredger revealed on 5 May that its 1Q15 performance was affected by losses in its environmental and remediation segment, as

OSG plots public rebirth

Overseas Shipholding Group (OSG) has registered for an initial public offering and a re-listing of its shares on the New York Stock Exchange.
Once considered a ‘blue chip’ name, OSG was delisted from NYSE in the wake of its November 2012 bankruptcy filing. The restructured entity emerged from

China, ‘Philippines Violating South China Sea Code’

By Reuters 2015-05-05 09:43:40 China has accused the Philippines of violating a 13-year-old informal code of conduct in the South China Sea with its building work on disputed islets, firing back again after repeated criticism of China’s own construction work. China and the 10-member Association of South East Asian Nations (ASEAN) signed an agreement in…