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
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
JULY 28, 2016 — As tough times in the offshore services sector continue, Norway’s Solstad Offshore ASA and REM Offshore ASA have agreed to merge. a “triangular merger” under Norwegian law, REM
JUNE 14, 2016 — First National Partners of Atlanta, GA, structured and sourced financing for Fairway Offshore, a local Nigerian marine services provider, to make an offer to acquire from foreign ownership,
JUNE 9, 2016 — Yesterday, Singapore listed offshore services provider Otto Marine said that it had received an acquisition offer for its shares and would seek a voluntary delisting. Today, the news
JUNE 6, 2016 —Esbjerg, Denmark, headquartered offshore services specialist Esvagt is ordering a newbuild Havyard 832 MPV multifunctional vessel to support an expansion in the scope of a contract with Hess. Esvagt
MAY 17, 2016 — It looks like Paris headquartered offshore services giant Bourbon won’t be reinventing itself quite so soon. At the end of March, Bourbon, which is 47.8% owned by Jaccar
APRIL 17, 2016 — Zoetermeer, Netherlands, based voyage data recorder specialist NetWave Systems B.V. reports that it has received orders from Abhu Dhabi headquartered Mutawa Marine Works LLC and another UAE offshore
The form S3 positions the offshore services company to sell up to $250 million in securities “from time to time after the effective date of this registration statement, as determined by the registrant.”
The filing says that the company “will use the net proceeds from the sale of securities sold by us for general corporate purposes, which may include the repayment of debt, acquisitions, capital expenditures and working capital. We may temporarily invest funds we receive from the sale of securities by us that we do not immediately need for these purposes.”
According to the filing, in the nine months ended September 30, 2015, Gullmark Offshore’s losses from continuing operations were $198.6 million.
AUGUST 6, 2015 — Paris headquartered offshore services giant Bourbon reported record first half 2015 adjusted revenues of €758.8 million, a 13.1% increase on the equivalent period last year, but down 6.8%
