Oil & Gas

Caustic soda spill leads to costly deck damage

MARCH 28, 2017 — The USCG Headquarters Office of Investigations and Casualty Analysis has issued a “lessons learned” circular on the hazards of chemical spills. Earlier this year several Coast Guard marine

Tidewater: Business as usual as waiver expires

MARCH 28, 2017 — Offshore service vessel provider Tidewater Inc. (NYSE: TDW) announced today that the latest waiver of covenant default from its lenders and noteholders expired in accordance with its terms

Economou’s Ocean Rig files for bankruptcy

MARCH 28, 2017 — Deepwater drilling company Ocean Rig UDW Inc. (NASDAQ:ORIG) and various subsidiaries have entered into a restructuring support agreement with creditors and have presented winding up petitions in the

ABS and industry experts tackle MODU safety issues

MARCH 15, 2017 — More than 50 participants, including delegates from major owners, designers, shipyards and ABS technical representatives, provided input at the recent ABS Special Committee Meeting on the class society’s