ILWU files for Chapter 11 bankruptcy
The ILWU dockworkers union said Friday that it has commenced a Chapter 11 case under Subchapter V of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of
bankruptcy
DOF ASA: New board, new restructuring proposal
Leading Norwegian offshore services provider DOF ASA is to make another attempt at getting a restructuring plan in place. This is the latest development in the chain of events set in motion
Bankruptcy ahead for major Norwegian offshore player?
Norway’s DOF Group, which has a fleet of more than 60 offshore service vessels, now faces either a forced restructuring under the Norwegian Reconstruction Act, or bankruptcy. At an extraordinary general meeting
Eluding arrest, Crystal Symphony puts passengers on ferry from Bimini
Faced with the prospect of arrest on its scheduled January 22 arrival in Miami, Crystal Cruises’ Crystal Symphony made a sharp change of course and headed to Bimini. Webcam images posted on
Judge orders removal of Morton Bouchard as Bouchard Transportation CEO
In the most recent developments in the Bouchard Transportation Co, Inc. bankruptcy case, in an order signed February 26, U.S. Bankruptcy Judge David S. Jones ordered that Morton S. Bouchard, III “shall
TTB: What to do when the bottom falls out: Everything you hope you’ll never need to know about restructuring
In the past year, the tug and barge industry has seen one of its biggest names wind up in a bankruptcy case that’s been anything but a neatly prepackaged restructuring. Others have
Bouchard Transportation: What went wrong?
A filing in the Bouchard Transportation Co. Chapter 11 bankruptcy case paints a sobering picture of how one of America’s longest established maritime companies found itself plunged into a liquidity crisis, falling
Hermitage Offshore vessels sold in bankruptcy auction
Scorpio Group controlled Hermitage Offshore Services Ltd. (HOFSQ:OTC), which filed for Chapter 11 bankruptcy on August 11, has announced the winning bidders in the bankruptcy auction of its remaining fleet. It says
Bouchard Transportation files for Chapter 11 bankruptcy
Privately-held Bouchard Transportation Co., Inc., the largest independently-owned ocean-going petroleum barge company in the U.S., said today that it and certain of its subsidiaries have filed voluntary petitions to restructure under Chapter
Hornbeck Offshore emerges from Chapter 11 bankruptcy
Covington, La., headquartered Hornbeck Offshore Services, Inc. reports that on September 4, 2020 it emerged from Chapter 11 pursuant to its joint prepackaged Chapter 11 plan of reorganization. The plan implements a