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Visit One News Page for Marine news from around the world, aggregated from leading sources including newswires, newspapers and broadcast media. Search millions of archived news headlines. This feed provides the Marine news headlines.

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  • 01/11/19--12:55: Ship traffic, January 14
  • Ship traffic Due to arrive today SHIP FROM PORT Cape Kortia Los Angeles OAK CMA CGM Amazon Los Angeles OAK Dallas Express Vancouver, B.C. OAK Manoa Seattle OAK Mol Brilliance Long Beach OAK President Eisenhower San Pedro, L.A. County OAK Due to depart today SHIP TO PORT Cap Patton Lazaro Cardenas, Mexico OAK Cape Town Highway Lazaro Cardenas BNC Hamburg Bridge Tokyo OAK Hyperion Highway Lazaro Cardenas BNC Istra Ace San Diego RCH Libra Leader Toyohashi, Japan BNC Morning Menad Port Unknown BNC Orion Bay Port Unknow SFO Southern Highway Chiba, Japan BNC YM Maturity Keelung, Taiwan OAK Source: S.F. Marine Exchange Reported by SFGate 16 hours ago.

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    KEMP, Texas, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and industrial equipment sectors, announced the release of a high intensity infrared natural gas heater. This natural gas heater is for indoor use and produces a powerful 70,000 BTUs of heat output while operating on 115V single-phase 60 Hz.The GAU-NIC-70K-115V metallic high intensity infrared natural gas heater contains a circular spot lens for focused and accurate heating applications. This heater runs on natural gas and is compact for tighter indoor applications weighing only 38 lbs. The heat that is produced inside this durable natural gas heater is pushed out as infrared energy.

    Larson Electronics’ powerful and compact natural gas infrared heater is energy efficient and can warm objects, as opposed to a convention heater that just warms the air. Suitable applications for this natural gas infrared heater include indoor applications only, such as buildings on construction sites, inside warehouses, in commercial spaces and industrial buildings, inside schools and barns, and more.

    “Infrared heaters are very efficient and more cost effective than regular convection heaters,” said Rob Bresnahan, CEO of Larson Electronics LLC. “These heaters are also capable of warming objects as well as the air.”

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*

    Rob Bresnahan, President and CEO
    Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/d0713dde-b33d-4a64-be31-fb73fccafcd6 Reported by GlobeNewswire 16 hours ago.

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    MONACO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:· a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 30, 2018 to January 29, 2019;
     
    · a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from October 30, 2018 to January 29, 2019.

    Each dividend will be paid on January 30, 2019 to all shareholders of record as of January 23, 2019 of the Series C Preferred Shares and of the Series D Preferred Shares, respectively. Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30^th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year.

    This is the nineteenth consecutive cash dividend declared on the Company’s Series C Preferred Shares and the eighteenth cash dividend declared on its Series D Preferred Shares, since their commencement of trading on the New York Stock Exchange.

    The declaration and payment of dividends, if any, will always be subject to the discretion of the Board of Directors of the Company, and will depend on, among other things, the Company’s earnings, financial condition and cash requirements and availability, the Company’s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the restrictive covenants in the Company’s existing and future debt instruments and global economic conditions.

    *About Safe Bulkers, Inc.*
    The Company is an international provider of marine dry-bulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine dry-bulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.

    *Forward-Looking Statements *
    This press release contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

    *For further information please contact:*

    *Company Contact:*
    Dr. Loukas Barmparis
    President
    Safe Bulkers, Inc.
    Tel.: +30 2 111 888 400
           +357 25 887 200
    E-Mail: directors@safebulkers.com 

    *Investor Relations / Media Contact:*
    Nicolas Bornozis, President
    Capital Link, Inc.
    230 Park Avenue, Suite 1536
    New York, N.Y. 10169
    Tel.: (212) 661-7566
    Fax: (212) 661-7526
    E-Mail: safebulkers@capitallink.com Reported by GlobeNewswire 16 hours ago.

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  • 01/11/19--13:37: dynaCERT Announces New CFO
  • TORONTO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- *dynaCERT *Inc. (TSX VENTURE: DYA) (OTCQB: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that its Board of Directors has appointed Mr. Carmelo Marrelli as the new Chief Financial Officer of the Company. Mr. Marrelli is a Chartered Professional Accountant (CPA, CA, CGA) and serves as Chief Financial Officer of a number of other Canadian public companies including some listed on the Toronto Venture Exchange and the Toronto Stock Exchange. The Company has also engaged Marrelli Support Services of Toronto, a company affiliated with Mr. Marrelli, to provide certain accounting services.dynaCERT is also pleased to announce that its Board of Directors has appointed Mr. Jean-Pierre Colin, a Director of the Company since December 2016, as the new Corporate Secretary of the Company. Mr. Colin has a background in investment banking, corporate and securities law and strategy consulting.

    dynaCERT thanks Mr. Terrence MacDonald, the previous Chief Financial Officer and Corporate Secretary of the Company, for his 22 months of service with dynaCERT and wishes him well in his future endeavors.

    *About dynaCERT Inc.*
    dynaCERT Inc. manufactures, distributes, and installs Carbon Emission Reduction Technology for use with internal combustion engines. As part of the growing global hydrogen economy, our patent-pending technology creates hydrogen and oxygen on-demand through electrolysis and supplies these through the air intake to enhance combustion, resulting in lower carbon emissions and greater fuel efficiency. Our technology is designed for use with all types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment, marine vessels and railroad locomotives. Website: www.dynaCERT.com

    *READER ADVISORY
    *Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, forward-looking information in this press release includes, but is not limited to the potential expansion into new markets, industries and segments, such as diesel-powered use of any the dynaCERT products and sales. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

    Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

    The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

    *Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.*

    *On Behalf of the Board
    Murray James Payne, CEO*

    *For more information, please contact:*

    Jim Payne, CEO & President
    dynaCERT Inc.
    #101 – 501 Alliance Avenue
    Toronto, Ontario M6N 2J1
    (416) 766-9691 x 2
    jpayne@dynaCERT.com

    Investor Relations
    dynaCERT Inc.
    Nancy Massicotte
    (416) 766-9691 x 1
    ir@dynaCERT.com Reported by GlobeNewswire 16 hours ago.

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    This Cool Blog Compares David Bowie’s Style to Colorful Sea Slugs David Bowie may no longer be with us, but his style legacy lives on. The musician’s eccentric fashion taste even inspired one fan, who also loves marine life, to make a creative blog […]

    The post This Cool Blog Compares David Bowie’s Style to Colorful Sea Slugs appeared first on Geek.com. Reported by geek.com 15 hours ago.

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    Hank McGregor has made good on his promise to start the 2019 Marine Surfski Series with a bang. Reported by News24 1 day ago.

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    KEMP, Texas, Jan. 12, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and industrial equipment sectors, announced the release of an explosion proof emergency stop switch rated for Classes I, II and III hazardous locations. This 20-amp SPDT red push-button switch is protected by a NEMA 4X rated enclosure ideal for use in corrosive or harsh environments where combustible materials may be present.The EPCS-PB20-600V-AXC explosion proof emergency stop switch provides accurate control of machines, devises and processes in hazardous locations rated Class I, Divisions 1 and 2, Groups B, C, and D; Class I, Zones 1 and 2, Groups IIB+H2 and IIA; Class II, Divisions 1 and 2, Groups E, F and G; and Class III. This unit also has NEMA 3, 4 and 4X ratings and a voltage rating of 600 volts. The enclosure protects the switch from sleet, rain, snow, splashing water, and solid foreign objects.

    Larson Electronics’ explosion proof emergency switch features a red mushroom head switch for easy visibility and is mounted with mounting lugs This unit allows operators to connect to low-voltage auxiliary contacts. This unit can be reset via a push-and-pull action and is offered in a feed-through or dead-end configuration.

    This stop switch is made of durable cast copper-free aluminum featuring a grey powder polyester painted exterior. Suitable indoor and outdoor applications for this durable explosion proof emergency stop switch include hazardous locations, industrial facilities, warehouses, manufacturing plants, and more.

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, President and CEO
    Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com 

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/9bf4a955-0384-49a6-a434-439892084e8c Reported by GlobeNewswire 21 hours ago.

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    Read the rest of this entry » Reported by Mediaite 20 hours ago.

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    KAILUA-KONA, Hawaii (AP) — An annual humpback whale count in Hawaii will take place despite the federal government shutdown. West Hawaii Today reported Friday that volunteers from the National Marine Sanctuary Foundation will coordinate this season’s Ocean Count, a community citizen science project that occurs during the peak of whale season. The survey is usually […] Reported by Seattle Times 15 hours ago.

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    KEMP, Texas, Jan. 12, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting sector, announced the release of an LED flood light replacement kit for John Deere 9600 combines. This kit features a set of six, 45-watt LED headlights that are low voltage and have low and high beam settings emitting a bright white light with a color temperature rating of 6000K. A chrome reflector ensures maximum illumination in dark or hazy outdoor conditions.The LLP-JD-CMB-9600 LED flood light replacement kid for John Deere 9600 combines features six LED light, each with a polycarbonate lens and IP67 waterproof protection reinforcing the exterior of the LED lamp, enabling it to withstand light impacts. Each 45-watt LED light in this kit operates on 10-30V DC, including 12V DC and 24V DC. The LEDs lights emit 1,800 lumens on the low beam setting and 2,600 lumens on the high beam setting and have a 50,000-hour lifespan. Nine total LEDs are inside each fixture, which are made of durable die-cast aluminum.

    Larson Electronics’ LED spotlight replacement kit features a breathable design to support proper air flow, which keeps the units from fogging up in harsh conditions. This LED kit has an ambient operating temperature range of -20˚C to 60˚C and can replace a wide range of automotive lighting systems, including trucks, cars, tractors and industrial equipment. The fixtures can be mounted easily into 4” x 6” sealed beam installation holes on John Deere 9600 combines.

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:*
    Rob Bresnahan, President and CEO
    Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com 

    Photos accompanying this announcement are available at:

    http://www.globenewswire.com/NewsRoom/AttachmentNg/689b311f-234b-4f3d-a8dd-1382f921030b

    http://www.globenewswire.com/NewsRoom/AttachmentNg/2d36a695-755d-4681-9aa7-f26a312b8e7e

    http://www.globenewswire.com/NewsRoom/AttachmentNg/9d9b0bd1-ef82-4714-819c-c96be1eced46 Reported by GlobeNewswire 16 hours ago.

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    Seals on roads, seals in driveways, seals at front doors: A Canadian town faces a marine invasion Roddickton-Bide Arm is a quaint coastal town on the northern peninsula of the island of Newfoundland, Canada.It is also a community facing a menacing threat, one that, in the telling of a local newspaper, is reminiscent of Alfred... Reported by New Zealand Herald 13 hours ago.

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    NARATHIWAT: Members of the Southern Marine Task Forces on Sunday morning resumed the search for a 6-year-boy feared to have drowned along with his aunt off Narathat beach in Muang district on Saturday. Reported by Bangkok Post 7 hours ago.

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    NARATHIWAT: Members of the Southern Marine Task Forces on Sunday found the body of a 6-year-boy who drowned, along with his aunt who tried to rescue him, off Narathat beach in Muang district on Saturday. Reported by Bangkok Post 3 hours ago.

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    KEMP, Texas, Jan. 13, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting sector, announced the release of a no-drill magnetic steel mounting plate for 2018 Toyota Tundra pickup trucks. This high mount plate is for any type of light with a magnetic mounting base and requires no drilling. This plate can support up to 12 lbs. of light equipment and features a 24” x 8” magnetic mounting surface.The MMP-V5-TYT-TND-2018 no-drill magnetic mounting plate for 2018 Toyota Tundra pickup trucks is made up of a durable aluminum frame and brackets with a steel mounting plate surface. The magnetic mounting plate is installed via the 3^rd brake light on 2018 Toyota pickup trucks (all trim packages) between the truck cab body and the light. This durable unit weighs only eight pounds, features a weatherproof seal, and has a highway-speed windload capacity.

    Larson Electronics’ no-drill magnetic mounting plate for 2018 Toyota Tundra pickup trucks is suitable for any light with a magnetic mounting plate, including spotlights, flood lights, beacons, strobe lights, warning and signal lights, flashers, turn signals, brake lights, hunting and fishing lights, off-roading lights, and more. This unit is suitable for other applications such as for use during construction activities, for security situations, property management, farming operations, and more.

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:
    *Rob Bresnahan, President and CEO
    Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com

    A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/df2a63f6-1577-4b76-8342-31c1447b3e5d Reported by GlobeNewswire 21 hours ago.

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    PARIS (AP) — French far-right party National Rally has launched its campaign for the European Parliament election, which nationalist, anti-immigration movements like hers hope to dominate. During a speech in Paris on Sunday, party leader Marine Le Pen urged voters to seize the May 26 vote as a chance to “beat” French President Emmanuel Macron […] Reported by Seattle Times 19 hours ago.

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    Public Filings Fall for Second Consecutive Year but Looming Debt Issues and More Trouble in Retail Point to Uptick in 2019

    Boston, MA (PRWEB) January 13, 2019

    The number of public companies and assets filing for bankruptcy protection in 2018 fell for the second year in a row, with the volume of pre-petition assets* halving from the year before to its lowest level since 2013, analysis by New Generation Research’s BankruptcyData shows.

    However, most experts believe that this trend of falling bankruptcy filings will reverse in 2019, as a combination of the retail sector’s continuing woes, tightening debt markets, and large volumes of lower quality bond and bank debt coming due take their toll on the health of corporate America. “We expect to see the pace of bankruptcy filings pick up even more as we go into 2019,” predicts George Putnam, founder and publisher of The Turnaround Letter, Distressed Company Alert and BankruptcyData. Putnam continues:

    “As we have discussed before, a huge amount of lower quality bond and bank debt—approximately $1.7 trillion principal amount—comes due over the next five years. Until recently, the debt markets were very forgiving, suggesting that much of the debt could be refinanced fairly easily. However, the recent market volatility has spooked not only the equity markets, but the debt markets as well. As a result, high yield debt issuance dwindled to almost nothing in November and December.”

    “Moreover, high yield bond investors are now realizing that the relatively low interest yields they have been receiving do not adequately compensate them for the risk of future defaults. Unless the debt markets return to the blissful, carefree ways of the last few years—which we think unlikely—many of the debt issues coming due in 2019 will not get refinanced and will end up defaulting. Should the Federal Reserve raise interest rates further or the economy soften, defaults and bankruptcies will pile up even faster.”

    BankruptcyData analysis shows that public** company bankruptcy filings last year fell by 18.3% from 2017 to 58—a slowdown from the 28.3% decline experienced in 2017. This deceleration belied the huge fall in the size of pre-petition assets in these bankruptcies, which fell to $52.056 billion, down 51.3% from the $106.931 billion for the 71 bankruptcies in 2017.

    In 2018 among the 58 public bankruptcies there were a total of three conversions (Erin Energy, JRjr33 and Encompass Compliance) and two dismissals (Worthington Energy and BioAmber). There were 13 public companies that filed a petition in 2018 and emerged from bankruptcy in 2018. The shortest stay was Rand Logistics, Inc. who filed January 29, 2018 and had a plan effective date of March 1, 2018. This bulk shipping company prides itself on speed.

    Interestingly, 11 of the year's major filings were Chapter 22s, the majority in Retail. Repeat offenders included Nine West, Brookstone, and Samuels Jewelers. (Westmoreland Coal, Winn-Dixie and Furniture Brands all filed Chapter 33s.)

    Just as in 2017, last year’s top 10 public company Chapter 7 and Chapter 11 filings were dominated by the oil & gas/energy and retail/supermarket sectors, with these two comprising 70% of the filings. The other sectors represented in the top 10 were telecommunications (with the largest 2018 bankruptcy of iHeartMedia with almost $13 billion of pre-petition assets), steel & metals, and mining. It’s important to note that a Chapter 15 found its way to the top 10, Noble Group Limited filed in the Southern District of New York with just under $5 billion in pre-petition assets.

    Looking at energy, the oil price plunge beginning in 2014 has forced hundreds of North American producers, mid-streamers and oilfield services companies to seek bankruptcy protection and this continued in 2018. Big names in this sector filing Chapter 11 in 2018 included Aegean Marine Petroleum Network, EV Energy Partners, Parker Drilling Company, and EXCO Resources, representing over $10 billion in pre-petition assets. Though there seemed some relief for the sector earlier in 2018 as the oil price steadily rose above $80 per barrel, a precipitous fall in prices towards the end of the year presages further hard times ahead in 2019.

    Haynes and Boone, a global law firm which has tracked 160 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015, notes in a recent report that while exploration and production (E&P) bankruptcy filings decreased significantly in 2017 and 2018 compared with 2016, the debt administered in last year’s E&P filings is substantial.

    “The total amount of debt administered in E&P filings during the first three quarters of 2018 surpasses the total amount of debt administered by filings during the entirety of 2017,” said Haynes and Boone, adding that the total amount of debt administered in oilfield services bankruptcy cases over the last three years is approximately $56.4 billion, giving an average debt in these cases of about $320 million.

    Retail, unsurprisingly, fared badly again in 2018, as major retailers that are riddled with debt from leveraged buyouts continued to fall like dominos as consumers take more of their business online.

    Three of the year’s largest top 10 public bankruptcies were in retail: Sears Holdings Corporation, Claire’s Stores, and Bon-Ton Stores, representing around $11 billion in pre-petition assets; other notable retail names included Mattress Firm, Nine West Holdings, Walking Company Holdings, and David’s Bridal. In all, there were 14 (8 public and 6 private) retail bankruptcy filings in the US in 2018. This represented 10% of the year’s total public and notable private bankruptcies, compared with 11% in 2017.

    Few expect much of a let-up in 2019, with names like Neiman Marcus seen in danger of being forced to seek protection. Neiman Marcius has been on our radar since its first reporting of a low rating in 2009 with distress coverage picking up immensely in 2018. Other name brands like J.C. Penney Company, Inc., GNC Holdings, Inc., Rite Aid Corporation, and many others have multiple distress indicators that were touched upon this past year.

    Healthcare & Medical continued to suffer in 2018, representing 9% of the total public and private bankruptcies, as regulatory changes, technological advances, and the rise of urgent-care centers combined to create a “perfect storm” for the sector. The three largest public bankruptcies were Great Basin Scientific, Hooper Holmes, and Orion HealthCorp.

    A recent report by Am Law 100 firm Polsinelli shows how healthcare has decoupled from the general US economy, with eight of the past eleven quarters registering a jump in the industry’s economic distress. “The Indices… detail that more than 20 hospitals have filed for bankruptcy since 2016, and 75% of them are in rural areas where reimbursement rates are falling, and the uninsured population is growing. The southwestern states are being hit the hardest with a significant number of rural health care facilities closing and additional Medicare expansion troubles,” said Polsinelli in a press release accompanying the report.

    “While many of these cases are not the mega cases with the mega fees that receive a lot of attention, the distressed healthcare bankruptcies are the core of national, regional and, local bankruptcy practices in 2018. I am a convert. The hype is real,” Chris Ward, Partner at Polsinelli, told Petition.

    Ben Schlafman, Chief Operations Officer at New Generation Research, Inc. comments, “The influx of healthcare and medical companies filing bankruptcy is real. A simple run of numbers over the last few years on the BankruptcyData platform shows 2018 holds yet another increase in this sector. The tally has been steadily increasing since 2016.”

    In 2018 there were seven pre-packaged or pre-negotiated public company Chapter 11 restructurings, or 10% of the total, which was down from the 23% employing this technique in 2017. This expedited and less-costly bankruptcy approach is possible when a company and its creditors can agree on the key terms of a plan of reorganization before the company files its Chapter 11 petition. Given that bankruptcy is an expensive business—the total paid to professionals during Toys "R" Us’ 15-month-long bankruptcy process now exceeds $375 million—such an approach is viewed as an increasingly favored, though sadly not always possible, alternative.

    Jim Hammond, Chief Executive Officer at New Generation Research, Inc. states, “2019 we will see more small and mid-sized companies filing bankruptcy, these companies will retain professionals that are actively working in the larger cases. Pre-packaged filings in the mid-size private company arena will continue to grow as it is a more cost and time effective effort to deriving a post-bankruptcy solution.”

    In general, while BankruptcyData does anticipate an increase in bankruptcies in the coming year, George Putnam does not expect to see a sharp spike up in defaults like the one experienced in 2008-09 (which was followed by an almost equally sharp decline in defaults in 2009-10). “Rather, we expect the growth in bankruptcies to be more gradual and probably extend over several years. If we are correct, this will create a very favorable environment for turnaround and distressed securities investors for a number of years to come,” he concludes.· Asset figures are pre-petition and taken from each debtor's most recent Annual Report filed with the Securities and Exchange Commission (SEC).

    ** BankruptcyData defines publicly traded as those companies with common stock and/or bonds that are publicly traded on U.S. markets.

    ABOUT BANKRUPTCYDATA
    BankruptcyData is a division of George Putnam's New Generation Research, Inc. BankruptcyData hosts the industry's most comprehensive business bankruptcy database that allows subscribers to monitor all new business bankruptcies across the U.S. and perform in depth research on all public company bankruptcy filings dating back to the mid-1980s. BankruptcyData also collects business bankruptcy case data directly from the 94 U.S. Bankruptcy Courts and appends key demographic data to each record. For additional information on corporate bankruptcies, visit http://www.bankruptcydata.com.

    Disclaimer: BankruptcyData collects its information from the U.S. Bankruptcy Court and the SEC. Although sources are believed to be reliable, accuracy cannot be guaranteed. New Generation Research thoroughly analyzed and audited all bankruptcy figures and statistics; however, certain details may require adjustment pending untimely SEC reporting and/or delayed U.S. Bankruptcy Court docketing.

    News media are welcome to reproduce information provided in this release, with appropriate sourcing. Additional statistics and/or queries are available upon request.

    New Generation Research, Inc.
    88 Broad Street, Fl. 2, Boston, MA, 02110, (617) 573-9550
    http://www.bankruptcydata.com | http://www.turnaroundletter.com| Reported by PRWeb 19 hours ago.

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    Marine Le Pen launched her campaign for the European Parliament election with an appeal to the Yellow Vest protesters. Reported by euronews 17 hours ago.

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    KEMP, Texas, Jan. 13, 2019 (GLOBE NEWSWIRE) -- Larson Electronics, a Texas-based company with over 40 years of experience spearheading the industrial lighting and industrial equipment sectors, announced the release of an explosion proof portable evaporative cooling system suitable for use in Class I, Division 1 and 2 hazardous locations. This cooling system is a galvanized air chiller that combines a non-sparking fan and dry mist technology to cool commercial and industrial areas.The EPF-AC-30-220V.50HZ-GLVD portable explosion proof evaporative cooling unit is rated for Class I, Divisions 1 and 2, Group D; Class II, Divisions 1 and 2, and Groups E, F and G hazardous work locations. This unit measures 36” wide by 39” deep by 66” tall and can reach an evaporation zone of five to 10 feet. This cooling system features a 30” fan and eight spray nozzles and shuts off automatically when the water reservoir becomes empty.

    Larson Electronics’ explosion proof cooling system has an ambient temperature rating of 10˚C to 65˚C and runs at 8,723 RPM enabling spaces to experience a temperature drop of 20˚F to 30˚F. This unit weighs 175 lbs. and operates with a 30” spark-proof blade cooling areas up to 3,500 square feet with an eight-hour operating time on a single tank of fuel. This durable cooling system comes equipped with 20 feet of 16/3 chemical and abrasion resistant SOOW cord fitted with a 250V NEMA 6-20, 20-amp straight blade plug for use with 220V to 240V explosion proof outlets.

    This galvanized unit features 6” pneumatic wheels for easy transportation and operates on 220V AC 50 Hz. This 34-gallon-fuel-tank unit features two separate water filters to cool a work area and is suitable for use in hazardous locations, including at construction sites, on oil rigs, and for tank cleaning applications.

    *About Larson Electronics LLC: *Larson Electronics LLC is a manufacturer of industrial lighting equipment and accessories. The company offers an extensive catalog of industry-grade lighting and power distribution products for the following sectors: manufacturing, construction, food processing, oil and gas, military, marine and automobile. Customers can benefit from the company’s hands-on, customized approach to lighting solutions. Larson Electronics provides expedited service for quotes, customer support and shipments.

    *For further information, please contact:
    *Rob Bresnahan, President and CEO
    Toll-free: 1-888-351-2363
    Int’l: 214-616-6180
    Fax: 903-498-3364
    E-mail: sales@larsonelectronics.com

    Photos accompanying this announcement are available at
    http://www.globenewswire.com/NewsRoom/AttachmentNg/346d6f3a-c5e2-4051-9c71-e6cddd968507
    http://www.globenewswire.com/NewsRoom/AttachmentNg/5bb6a3da-0108-41d6-8c49-097ecde9a411 Reported by GlobeNewswire 17 hours ago.

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    French far-right leader Marine Le Pen launched her campaign for the May 26 European Parliament election on Sunday with an appeal to the broad "yellow vest" protest movement that has rattled the government. Reported by CBC.ca 16 hours ago.

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    Someone is going to tell them, right?

    Flat Earthers from around the [DEL: globe :DEL] disc are planning an all-out cruise for the 2020 Flat Earther International Conference. Promised to be the "biggest, boldest, best adventure yet," the cruise will bring like-minded people together who all believe the planet is a disc protected by an ice wall barrier. There's only one tiny hole in this plan — the cruise ship relies on navigational equipment based on a spherical Earth. 

    SEE ALSO: NASA responds to moon landing truther Steph Curry

    “Nautical charts are designed with that in mind: that the Earth is round," former cruise ship captain Henk Keijer told The Guardian. Keijer captained cruise ships for 23 years and is now a forensic marine expert.  Read more...

    More about Cruise, Flat Earth, Culture, and Web Culture Reported by Mashable 16 hours ago.

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