Banks take control of Bourbon assets
The assets of French offshore services giant Bourbon, which filed for court protection in back in July disclosing liabilities of over $1 billion, have been sold to a group of leading banks.
offshore services
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
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