Island Offshore to restructure finances
NOVEMBER 15, 2016 — The Island Offshore group, which is majority owned by the Ulstein and Chouest families, is taking steps to restructure its financing. An Oslo Stock Exchange announcement today says:
Offshore
Eidesvik brings seismic duo out of lay-up
NOVEMBER 14, 2016 — Norway’s Eidesvik Offshore is bringing two seismic vessels out of lay-up. Eidesvik has been awarded two contracts from CGG for the seismic vessels Vantage and Veritas Viking. They
Seacat to introduce new breed of offshore wind support cat
NOVEMBER 14, 2016 — Isle of Wight, U.K. energy support vessel operator, Seacat Services, is introduing a new category of vessel for the offshore wind market, designed to provide both rapid crew
Lenders give Tidewater more time
NOVEMBER 11, 2016 — Offshore service vessel giant Tidewater Inc. (NYSE: TDW) has gotten another reprieve from its lenders — until January 27, 2017. It has been in ongoing discussions with its
Damen delivers fast crew supplier for Abu Dhabi operations
NOVEMBER 9, 2016 — Allianz Middle East Ship Management and Maritime Craft Services (MCS) have taken delivery of the MCS Allianz Venus, a Damen Fast Crew Supplier 2610. Demonstrating the cooperative relationship
Siem set to take a stake in Farstad Shipping
NOVEMBER 4, 2016 — Kristian Siem, founder and Chairman of Siem Industries, is often referred to as “Norway’s Warren Buffet,” thanks to a successful strategy of making long term investments in undervalued
Tidewater shares plummet after bankruptcy warning
OCTOBER 25, 2016 — Shares in offshore services giant Tidewater Inc. (NYSE: TDW) plunged yesterday after the company reported after markets closed Friday that discussions with its principal lenders and noteholders had
GTT to supply containment systems for two LNG carriers
OCTOBER 24, 2016—French engineering company GTT has received an order from Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) for the NO96 cryogenic membrane containment systems to equip two new Liquefied Natural
Second delay for Havyard subsea newbuild
OCTOBER 18, 2016 — Back in July 2015 Norwegian shipbuilder Havyard announced it had signed a NOK 700 million contract with an undisclosed “international shipping company” for a subsea vessel to be
Jurong and North Atlantic Drilling extend West Rigel delay
OCTOBER 4, 2016 — Sembcorp Marine Ltd says that its Jurong Shipyard Pte Ltd subsidiary has agreed to continue its standstill agreement with John Fredriksen backed North Atlantic Drilling Ltd for the