Offshore

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

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

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

COSL takes delivery of Wartsila designed AHTS duo

OCTOBER 3, 2016 — China’s Wuchang Shipbuilding Industry Group recently delivered two new Wärtsilä designed Anchor Handling Tug Supply (AHTS) vessels to China Oilfield Services Ltd (COSL), the owner of China’s largest