Ultrapetrol files for Chapter 11
FEBRUARY 7, 2017— Ultrapetrol (Bahamas) Limited and a number of its subsidiaries yesterday filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York yesterday. Ultrapetrol
offshore
Profits down, Keppel closes three yards, mothballs two
JANUARY 26, 2017 — As part of a continuing painful “rightsizing,” Keppel Offshore & Marine is to close three Singapore shipyards and mothball two overseas yards. Parent Keppel Corporation Limited today reported
Boutique shipping bank open for business in Oslo
DECEMBER 22, 2016 — Back in February 2014 we reported that a niche Norwegian merchant bank providing mortgage based lending to the maritime and offshore industries planned to start operations in April
Maersk Supply sheds two more
DECEMBER 14, 2016 — Maersk Supply Service is halfway to meeting the divestment goal it announced back in August, when it said it planned to shrink its fleet by up to 20
Eidesvik brings seismic duo out of lay-up
NOVEMBER 14, 2016 — Norway’s Eidesvik Offshore is bringing two seismic vessels out of lay-up. Eidesvik has been awarded two contracts from CGG for the seismic vessels Vantage and Veritas Viking. They
Siem set to take a stake in Farstad Shipping
NOVEMBER 4, 2016 — Kristian Siem, founder and Chairman of Siem Industries, is often referred to as “Norway’s Warren Buffet,” thanks to a successful strategy of making long term investments in undervalued
VIDEO: Converting a vessel for a new market in days
OCTOBER 12, 2016 — Ulstein Design & Solutions AS is offering shipowners a way to mobilize vessels for new markets within a few days and without modifying the ship structure. It is
Maersk Supply to cut shoreside jobs
OCTOBER 3, 2016 — Back in August Maersk Supply Service said it was shedding up to 20 vessels from its legacy fleet and making around 400 crew members redundant. Today, the other
OOS International orders two SSCVs in China
AUGUST 4, 2016 — In what it calls a “quantum leap within the offshore & heavy lift industry,” Serooskerke, Netherlands, headquartered Holding OOS International Group B.V. yesterday confirmed that it has signed
Mystery buyer orders three mystery ships at Vard
JULY 29, 2016 —Fincantieri subsidiary Vard Holdings Limited has disclosed that it has secured a contract worth a total $70 million for the design and construction of three vessels of undisclosed type