Image source: USACEDredging operations are currently underway in the Humboldt Bay area, a natural bay and a multi-basin, bar-built coastal lagoon located on the rugged North Coast of California.Under the project, the U.S. Army Corps of Engineers hopper dredger Yaquina will spend several weeks working in the Eureka interior channel, in an effort to provide improved access and operations for a U.S. Coast Guard vessel docked there.The improved depth will also make it easier for small craft vessels to safely navigate the area, said the U.S. Army Corps of Engineers’ San Francisco District in their latest announcement.Image source: USACE
U.S. engineering and construction services company McDermott International has completed its restructuring process by shedding nearly all of the company’s $4.6 billion of funded debt. McDermott alsosaid on Tuesday that it emerged from the restructuring with a newly constitutedboard of directors, which has assumed its responsibilities effectiveimmediately. McDermottsaid on Tuesday that it emerges from bankruptcy with $2.4 billion in letter ofcredit capacity and $544 million of funded debt. According to McDermott, the proceeds from the sale of Lummus Technology will repay the debtor-in-possession financing in full, as well as fund emergence costs and provide cash to the balance sheet for long-term liquidity. David Dickson, president and CEO of McDermott, said: “We are pleased to have completed this process so swiftly thanks to the dedication of our employees and the support of our new owners, customers, suppliers, and partners. It is worth reminding that the U.S. Bankruptcy Court for the Southern District of Texas confirmed McDermott’s plan of reorganization and approved the sale of Lummus Technology in mid-March. “We look forward to continued delivery on customer projects. Finally, we congratulate our Lummus colleagues, and look forward to continuing our working partnership with Lummus as we move into the future”. Exiting bankruptcy, which the company filed for back in late January 2020, was enabled through the $2.7 billion sale of Lummus technology to a joint partnership between Haldia Petrochemicals and Rhône Capital. “We will continue executing on our significant backlog, with a new capital structure to match and support the strength of our operating business, and we emerge well-positioned for long-term growth and success, even amid this period of global uncertainty. New board ofdirectors The board members include CEO David Dickson, lead director Nils Larsen, Craig Broderick, Barbara Duganier, Alan Hirshberg, Alan Hirshberg, Lee McIntire, and Paul Soldatos.
Madrid: French striker Antoine Griezmann has told Atletico Madrid he will leave them in the close season, the Spanish club said on Twitter. The 28-year-old Griezmann has a contract until 2023 with Atletico, but has a buy out clause of 120 million euros (USD 134 million) and has been the target of several approaches from La Liga rivals Barcelona.”Antoine Griezmann has told the club he will not continue as a Rojiblanco (red and white, the club’s colours) next season,” the club said on Tuesday. Within a few moments the player then posted a video explaining himself.”After speaking with Cholo (club coach Diego Simeone), then with Miguel Angel and the people in the hierarchy of the club I wanted to speak with you, the fans, who have always given me a lot of love,” said Griezmann, wearing a plain black t-shirt in front of a simple white background behind him. “I wanted to tell you I have taken the decision to leave,” said the French 2018 World Cup winner. I have had five wonderful seasons here and you will always be in my heart,” said the affable forward known for doing dances from the video game Fortnite, when celebrating his goals. The truth is it has been difficult to take this route but it is what I feel I need and I would like to thank all of you for the love you have shown me during these five years.”With 133 goals in 252 games at Atletico the attacker has been ever-present and has rarely been unfit or injured. He was a Champions League runner up in 2016, losing to arch-rivals Real Madrid. In 2018 however Atletico beat Marseille in the Europa League final. Griezmann finished third for the Ballon d’Or in 2016, after France lost in the final to Portugal at the European Championships and was a huge presence as Les Bleus romped to a memorable World Cup win at Russia 2018 after which he also finished third for the Ballon d’Or. For all the Latest Sports News News, Football News News, Download News Nation Android and iOS Mobile Apps.