Bourbon signs up 100 OSVs for Inmarsat Fleet Xpress

Marseille, France, headquartered offshore services giant Bourbon has signed a contract committing more than 100 offshore support vessels to Inmarsat’s Fleet Xpress maritime broadband service. The deal is a breakthrough offshore services

Tidewater board elects Larry Rigdon as its Chairman

Tidewater Inc. (NYSE: TDW) has elected Larry T. Rigdon as Chairman of its Board replacing Dr. Thomas R. Bates, Jr., who recently resigned from the board, as did Steven L. Newman. The

Heads roll at Tidewater

Houston headquartered offshore services specialist Tidewater Inc. (NYSE: TDW) announced today that it has reached agreements with Jeffrey A. Gorski, Executive Vice President and Chief Operating Officer, and Bruce D. Lundstrom, Executive

Tidewater makes leadership change

Houston headquartered offshore services provider Tidewater Inc. (NYSE: TDW) reports that its board of directors has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, effective immediately. John T. Rynd

With over $1 billion in liabilities, Bourbon files for court protection

French offshore services giant Bourbon Corporation said today that it has filed to enter court supervised reorganization proceedings (redressement judiciaire) to the Commercial Court of Marseilles. This came after the court rejected

Two Topaz Energy vessels

DP World acquires Topaz Energy in $1.1 billion deal

Dubai headquartered global port operator DP World has acquired Topaz Energy and Marine Limited from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital in a deal valued at $1,079 million. Topaz,

Tidewater on track with vessel disposals

Offshore services giant Tidewater Inc. (NYSE:TDW) today reported revenue for the three-months ended March 31, 2019, of $122.1 million and a net loss for the same period of $21.7 million (or $0.58

Damen delivers two FCS 2206 Fast Crew Suppliers

Dubai based offshore services specialist Seaways International has taken delivery of two Damen Fast Crew Suppliers (FCS) 2206 in a hand-over ceremony held March 4 at Damen Shipyards Singapore. Seaways International, which

Tidewater: Red ink quarter, red ink year, but cash flow positive

Offshore services giant Tidewater Inc. (NYSE:TDW) today reportedrevenue for the three-months ended December 31, 2018, of $110.2 million and a net loss for the same period of $90.5 million (or $2.83 per

Bourbon to suspend payments of loans and debt

JANUARY 3, 2019 — Marseille, France, headquartered offshore services provider Bourbon says it has renewed a general waiver with its leasers and debt holders representing the majority of the group’s debt, thus