OSV fleet’s DCF value is 2.5 times its market value
MAY 8, 2017 — The global OSV fleet’s Discounted Cash Flow (DCF) value is currently $79.9 billion, or 2.5 times higher than its current market value of $30.9 billion, according to VesselsValue
offshore services
Bourbon lenders agree extension of debt maturities
MARCH 9, 2017 — Paris headquartered offshore services provider Bourbon reports that it has signed an agreement with its financial partners providing for the rescheduling of the maturities of a large part
Tidewater shares plummet after bankruptcy warning
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
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
REM and Solstad agree to merge
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
First National funds Nigeria shipyard offer
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,
Otto Marine gets acquistion offer, wins shipbuilding contract
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
Esvagt orders Havyard 832 MPV to support Hess contract
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
Bourbon puts ethane ambitions on back burner
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
NetWave signs 36-vessel VDR fleet agreements
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