coastal

All American launches first of two distinctive excursion vessels

All American Marine, Inc. (AAM) has launched the first of two 80 foot x 27 foot aluminum catamarans for Great Western Attractions (GWA). The second sister ship is set to launch in June.

Designed by Teknicraft in Auckland, New Zealand, the identical Subchapter T certified vessels will operate as passenger excursion vessels in Puget Sound and are under construction at All American Marine’s state-of-the-art 57,000 square foot facility on Bellingham Bay.

They will combine innovative design features...

https://www.marinelog.com/coastal/all-american-launches-first-of-two-distinctive-excursion-vessels/

Kirby reports red ink first quarter

Despite taking a one-time tax benefit of $50.8 million from the CARES (Coronavirus Aid, Relief, and Economic Security) Act barge giant Kirby Corporation (NYSE: KEX) reported a net loss of $248.5 for the first quarter ended March 31, 2020, compared with earnings of $44.3 million for the 2019 first quarter. Excluding one-time items in the 2020 first quarter, net earnings were $35.3 million per share. Consolidated revenues for the 2020 first quarter were $643.9 million compared with $744.6 million...

https://www.marinelog.com/coastal/tugs-barges/kirby-reports-red-ink-first-quarter/

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