Ezra Holdings files for Chapter 11 bankruptcy
MARCH 19, 2017 — The Board of Singapore based Ezra Holdings Limited says that on March 18, the company, together with its wholly-owned subsidiaries, EMAS IT Solutions Pte Ltd and Ezra Marine
Oil & Gas
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
VT Halter to Ezra: Pay $3.2 million or face winding up
MARCH 10, 2017 — Singapore based Ezra Holdings Limited reports that it has received a statutory demand from shipbuilder VT Halter Marine for payment of a sum of US$3,207,663.36 together with accruing
Bourbon lenders agree extension of debt maturities
MARCH 9, 2017 — Paris headquartered offshore services provider Bourbon reports that it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part
Six new Fast Supply Vessels delivered for Brazil
MARCH 8, 2017—The final six in a series of twelve 48m DP-1 monohull Fast Supply Vessels (FSVs) were recently delivered by Brazilian shipyard ETP Engenharia for operation in Brazil, according to the
VesselsValue: 2017 to see record OSV deliveries
MARCH 8, 2017 — Figures from VesselsValue indicate that the oversupply of vessels in the offshore services industry is set to get a lot worse. VesselsValue says that 2017 will be a
DOF sells 2001-built UT755L
FEBRUARY 28, 2017 — DOF ASA has sold its 71.9 m UT755L PSV vessel Skandi Waveney, delivered by the shipyard in 2001, to a company outside Norway and not engaged in the
Farstad Shipping vessels win charter contracts
FEBRUARY 27, 2017 — Norway’s Farstad Shipping ASA has been awarded a number of charter contracts that, says CEO Karl-Johan Bakken, show its ability to to efficiently and safely return vessels from
Environmental regulations to shape tanker market
FEBRUARY 25, 2017—Over the next five years, international environmental regulations will have a major impact on the tanker market, according to a recent report by marine transport advisors McQuilling Services, LLC. In
McDermott acquires former Ceona flag ship
FEBRUARY 21, 2017 — McDermott International, Inc. (NYSE:MDR) has emerged as the new owner of the former flagship of the now defunct U.K. SURF and heavy subsea construction contractor Ceona. When news