According to German online newspaper, Handelsblatt, Oaktree Capital, the US-based investment firm owning a 49.5 percent stake in Beluga, has sent documents to the Bremen prosecutor revealing that Beluga’s leadership had grossly exaggerated earnings and had created fictitious invoices indicating millions of dollars of false orders between 2009 and 2010. Beluga’s order books on 15 June 2010 indicated there were $800MM in orders between 2010 and 2011, when in reality, the number appears to be closer to $58MM.
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What (Acting) Secretary Hung Cao’s First Five Months Tell Us About the Job Ahead By Bruce Kimbrell (Policy Op-Ed) President Trump has nominated the Honorable Hung Cao to become the...
https://www.youtube.com/watch?v=YcZ8-MtcZrE Here’s another example of a crane taking on more than it can handle. This incident reportedly happened someplace in Russia. While things do not look good for the boat...
Dutch marine company Boskalis has completed an impressive dual vessel float-over operation of the Aasta Hansteen topside in Norway. Over the last several of years, Boskalis, through its subsidiary Dockwise,...
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