Bourbon Suspends Payments on Debt as it Seeks ‘Balanced Solution’ with Lenders
French offshore services provider Bourbon says it has reached a deal with its lenders to temporarily withhold payments and servicing of its debt as the group
Mike Schuler is the Managing Editor of gCaptain, where he has led editorial operations since June 2008. He oversees daily news coverage on global shipping, maritime security, offshore energy, and industry policy, and has built a reputation for delivering timely and insightful maritime news—often breaking key stories that influence industry discussions. Mike holds a Bachelor of Science in Business Administration with a focus on Financial Management from The Catholic University of America, and a certificate in Data Analytics and Visualization from the University of Arizona. Before joining gCaptain, he held positions at Intrawest Hospitality Management and Union Beer Distributors. His expertise spans supply chain and logistics, energy policy, global trade dynamics, and maritime security. Mike's reporting is known for its clarity, accuracy, and ability to explain complex maritime topics to broad audiences.
French offshore services provider Bourbon says it has reached a deal with its lenders to temporarily withhold payments and servicing of its debt as the group
Bollinger Shipyards says it will build the U.S. Coast Guard’s new icebreakers at its facilities in Tampa, Florida if it is eventually selected as the main
Norwegian ship designer Havyard Design & Solutions has been awarded a contract to the two new cargo vessels for Greenland’s exclusive shipping
Norwegian shipbuilder Ulstein has secured a contract from French cable company Nexans to construct a large, DP3 cable laying vessel to support the growing
Norwegian technology group Kongsberg has entered into an agreement to acquire Rolls-Royce’s struggling commercial marine business in a GBP 500 million
Two people were killed when a vessel’s mooring line snapped at the Port of Longview in southwestern Washington state last Thursday. The accident occurred as
The adrift M/V Thorco Lineage has been taken under tow in French Polynesia after a week-long ordeal. According to officials, the tugboat Aito Nui arrived
https://www.youtube.com/watch?v=4OSijRM8mCU The tall ship in this video is the German ship Mare Frisium. A version of the video was uploaded to Youtube by a
The general cargo ship Thorco Lineage has been towed off of the atoll in French Polynesia where it ran hard aground last Saturday, but as of Thursday, the ship
Check out this video that has emerged showing an SM-2 missile misfire aboard a Germany warship. The test fire took place June 21 aboard the German Navy vessel
The Norwegian NGO who brought us How to Dock Like a Boss and How to Launch Like a Boss is back with its third commercial reminding viewers that “docking
Netherlands-based KOTUG has demonstrated what it says is the first sailing of a remotely controlled tugboat from a long-distance location. For the
International shipping groups are calling for greater cooperation on a policy for migrants rescued at sea following Italy’s move to refuse ships carrying
The initial clean up of a large heavy fuel oil spill at the port of Rotterdam after a tanker struck a jetty over the weekend is expected to last
The NGO Shipbreaking Platform is accusing the shipping industry of using ‘scaremonger’ tactics and ‘fake news’ in order to get South
The subsea search for 79 missing containers that fell from the containership YM Efficiency earlier this month is set to kick off in the next few days, the
The master of a Netherlands-registered cargo ship was drinking prior to when his vessel ran aground in Northern Ireland last October, the UK Marine Accident
French shipping group CMA CGM has signed to acquire Finland’s Containerships from Container Finance Ltd Oy. Containerships specializes in the
Minnesota’s Duluth Harbor was briefly shut on Sunday after a large laker ran aground just short a breakwall. The 990-foot M/V American Spirit was
The Indian Coast Guard has rescued all 22 crew member of a containership following a major fire aboard the vessel while about 50 miles off the coast of India
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