Liftboats and a tax cut help SEACOR book a profitable quarter

MARCH 23, 2018 — Houma, LA, based offshore services provider SEACOR Marine Holdings Inc. (NYSE:SMHI) yesterday reported results for its fourth quarter and year ended December 31, 2017 that were a lot

Awash in red ink, Bourbon says it’s an ongoing concern

MARCH 15, 2018 — Paris headquartered offshore services giant Bourbon has released annual results for 2017 that show total losses reaching a whopping EUR 625.1 million (about $772 million) compared with the

Bourbon reorganizes: Will take $210 million loss on sale of 41 vessels

FEBRUARY 13, 2017 — Paris headquartered offshore services provider Bourbon Corporation is to shed 41 of its 65 oldest vessels and take an expected impairment loss of about €170 million (about $210

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

Tidewater files Chapter 11 bankruptcy petitions

MAY 18, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) reported yesterday that it and certain of its subsidiaries have now filed voluntary petitions under chapter 11 of title 11 of

Tidewater to file for Chapter 11 bankruptcy

MAY 12, 2017 — Offshore services giant Tidewater Inc. (NYSE: TDW) plans to file for Chapter 11 bankruptcy protection by May 17. The company said today that it has entered into an

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

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

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