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Firm approves bond issuance to expand fleet

Firm approves bond issuance to expand fleet The Punch Published 13 July 2021 The shareholders of Global Spectrum Energy Services Plc have approved the issuance of a bond to finance the company’s expansion plans. GSES, a firm operating in the midstream sub-sector of the oil and gas industry, supplies security vessels, platform supply vessels and others to independent oil companies in the Gulf of Guinea. The company said during its recently completed 14th Annual General Meeting, its shareholders gave the nod to acquire fresh capital to expand its fleet of vessels. According to a statement, the company has been previously funding its operations entirely with its revenues, prompting the move by the shareholders.

Arenas in Portland, Bangor still poised to see action as field hospitals

While COVID-19 vaccination sites are trending go-to spots these days, two formerly crowded Maine venues could regain popularity if the pandemic worsens. The state’s largest indoor stadium, the Cross Insurance Arena in Portland, this week modified plans for serving as a temporary hospital if coronavirus cases spike in Maine. In Bangor, the Cross Insurance Center is ready to fill a similar role. In April 2020, Gov. Janet Mills tapped both facilities to serve as alternate care sites, handling overflow patient loads from the state’s health care providers if necessary. Under arrangements worked out over the summer, the MaineHealth system would run a field hospital in the Portland arena, while Northern Light Health would operate a hospital at the Bangor site.

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