Day: February 27, 2024

SummaryThe fright revenues in the fourth quarter were NOK 148 million, an increase of NOK 5 million compared to the corresponding period last year. Three vessels were sold and delivered to the new owner after the lenders demanded that the vessels be sold in accordance with the current restructuring agreement. Freight revenues is reduced by NOK 22 million compared to the third quarter. Operating expenses were NOK 89 million in the fourth quarter, a reduction compared to the fourth quarter last year and the previous quarter of NOK 33 million and NOK 30 million, respectively. Havila Shipping ASA achieved an operating income before depreciation of NOK 73 million in Q4 2023, compared with NOK 50 million in Q4 2022. Based on the market development, income expectations have increased, and have resulted in the reversal of previous write-downs...

ORLANDO, Fla., Feb. 27, 2024 (GLOBE NEWSWIRE) — Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”) is a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products. The company is proud to announce the official expansion of its technology division, ABL Tech. This strategic move not only signifies growth but also a rebranding and evolution from the well-respected LMA Technologies. For years, LMA Technologies has been at the forefront of serving the life insurance sector, offering institutional investors comprehensive solutions including death audit tracking, valuation services, and critical data insights. ABL Tech is set to build on this legacy, redefining the technological landscape within the pension fund and financial services industry with...

THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) — Gulf Island Fabrication, Inc. (NASDAQ: GIFI) (the “Company”), a leading steel fabricator and service provider to the industrial and energy sectors, announced today that it has completed the sale of certain excess property that was part of the Company’s facilities located in Houma, Louisiana for net cash proceeds of approximately $8.5 million. “A key aspect of our strategic transformation has been to improve our resource and facility utilization and the sale of this property at our Houma facility is consistent with this objective,” said Richard Heo, Gulf Island’s President and Chief Executive Officer. “The sale of this under-utilized property has no impact on our existing Fabrication operations and in no way limits our ability to pursue future growth opportunities, including...

Travis Hill, Counsel, Hunton Andrews Kurth LLPTravis Hill, Counsel, Hunton Andrews Kurth LLPRICHMOND, Va, Feb. 27, 2024 (GLOBE NEWSWIRE) — Hunton Andrews Kurth LLP is pleased to announce that Travis G. Hill, former CEO of the Virginia Alcoholic Beverage Control Authority (ABC) and former Deputy Secretary of Agriculture and Forestry, has joined the firm’s Global Economic Development, Commerce and Government Relations (GECON) Group as Counsel. Hill is a Virginia-licensed attorney who will utilize his many years of senior leadership roles in the public and private sector to provide clients with both legal and non-legal services across a range of industries. “In just a few short years, Hunton Andrews Kurth’s public affairs consultancy has grown into a valuable resource for clients,” said Randall S. Parks, Chairman of the Hunton...