Tidewater emerges from Chapter 11 bankruptcy

JULY 31, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) reports that effective today, the company and its affiliated chapter 11 debtors have emerged from bankruptcy after successfully completing its reorganization

Court accepts Tidewater Chapter 11 reorganization plan

JULY 17, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW), which filed for Chapter 11 bankruptcy protection back in May, reports that the U.S Bankruptcy Court for the District of Delaware

GulfMark Offshore to file for Chapter 11

MAY 17, 2017 — GulfMark Offshore, Inc. (OTCPink:GLFM) says it will file a voluntary chapter 11 bankruptcy filing of the on or before May 21, 2017. The company said yesterday that it

Brownsville ship recycling yard has new owners and new name

MAY 2, 2017 – The Brownsville, Texas, ship recycling and scrap processing facility formerly known as ESCO Marine is reopening under new ownership. Hilco Redevelopment Partners, a unit of Hilco Global (Hilco),

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

Toisa files for Chapter 11 bankruptcy

JANUARY 30, 2017 — Toisa Limited and 23 of its affiliated vessel-owning companies announced today that it has filed voluntary petitions for reorganization under Chapter 11 of the Bankruptcy Code in the

Tidewater: Another red ink quarter

AUGUST 10, 2016 — Offshore services giant Tidewater Inc. (NYSE:TDW) reported a first quarter net loss for the period ended June 30, 2016, of $89.1 million, or $1.89 per common share, on

Morten Arntzen to take Team Tankers top spot

APRIL 8, 2015 — Morten Arntzen, who stepped down as CEO of tanker giant OSG in 2013 when it was in the midst of Chapter 11 bankruptcy restructuring, is set to become

Genco files for bankruptcy

APRIL 22, 2014 — Peter Georgiopoulos’s Genco Shipping & Trading Limited (NYSE: GNK), filed for bankruptcy yesterday. Mr. Georgiopopulos’s General Maritime Corp.filed for bankruptcy in November 2012. Its restructuring gave Oaktree Capital

IRS slashes OSG claim

DECEMBER 20, 2013 — In a filing with the SEC yesterday, battered tanker giant Overseas Shipholding Group, Inc. (OTC:OSGIQ) said that the IRS has reduced its claim for back taxes from approximately

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