Tidewater to file for Chapter 11 bankruptcy

MAY 12, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) plans to file for Chapter 11 bankruptcy protection by May 17. The company said today that it has entered into an

U.S. maritime groups slam CBP U turn on Jones Act letters

MAY 11, 2017 — The Shipbuilders Council of America today joined the Offshore Marine Services Association (OMSA) and the American Maritime Partnership (AMP) in responding the announcement by U.S. Customs and Border

CBP does a U turn on Jones Act letter revocations

MAY 10, 2017 — U.S. Customs and Border Protection has withdrawn a January 18 revocation notice that was widely welcomed by the U.S. domestic marine industry as promising to restore American jobs

OSV fleet’s DCF value is 2.5 times its market value

MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue

HOS reports red ink first quarter

MAY 4, 2017 — Covington, LA, headquartered Hornbeck Offshore Services, Inc. (NYSE:HOS) yesterday reports results for the first quarter ended March 31, 2017. The company recorded a net loss for the first

Environmentalists file suit to block Trump offshore order

MAY 3, 2017 — Conservation and Alaska Native groups today filed a lawsuit against President Trump in federal district court in Alaska. It challenges his decision to eliminate a permanent ban on new

Zinke inks orders implementing Trump offshore plan

MAY 3, 2017 —Secretary of the Department of the Interior Ryan Zinke yesterday used the floor of the OTC event to sign two secretarial orders aimed at unleashing America’s offshore energy potential

New Harvey MPSV: Jones Act debate ender

MAY 2, 2017 — Harvey Gulf International Marine today announced the delivery of the first of two, large capacity Multi Purpose Support Vessels (MPSV) built by Eastern Shipbuilding, Panama City, FL. Harvey

How to make risk assessments more dynamic

MAY 2, 2017 — DNV GL has launched a position paper showing how risk assessments can be made more dynamic, to provide improved and real-time decision support during operations. Static quantitative risk

ABS partners with Hanjin on 25,000 cu.m FSRU concept

MAY 1, 2017 — Classification society ABS reports that it has been working with Korean shipbuilder Hanjin Heavy Industries and Construction Co., Ltd. (HHIC) as it completed a new Floating Storage and

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