Monday, November 2, 2020

Pacific Drilling Files for Chapter 11 Bankruptcy

NYSE-listed offshore drilling contractor Pacific Drilling has filed for Chapter 11 bankruptcy in an effort to restructure $1.1 billion in bond debt. It’s the second time in three years the...

November 2, 2020
Total Views: 595

Wednesday, October 14, 2020
Maritime News

Bankrupt Hermitage Offshore Auctions Off Fleet

Bermuda-based Hermitage Offshore Services has announced the results of the auctioning off of its fleet of platform supply vessels and crew boats as part of its Chapter 11 bankruptcy proceedings....

October 14, 2020
Total Views: 353

Monday, August 17, 2020
Ocean Princess Tanker

Ocean Tankers Seeks To Reclaim $19 Million From Lim Family

by Jessica Jaganathan (Reuters) – The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm, who allegedly transferred the...

August 17, 2020
Total Views: 16

Friday, July 31, 2020
Maritime News

Offshore Driller Noble Corp. Files for Bankruptcy

By David Wethe (Bloomberg) –Noble Corp., the offshore drilling contractor, filed for bankruptcy after the crash in crude prices made undersea oil wells too expensive to compete. The Chapter 11...

July 31, 2020
Total Views: 15

Thursday, July 9, 2020
offshore drilling rig
Maritime News

Wave of North American Oil and Gas Bankruptcies to Continue at $40 Oil

By Liz Hampton July 9 (Reuters) – A wave of oil and gas bankruptcies in North America is likely to continue this year as oil prices remain depressed and a...

July 9, 2020
Total Views: 7

Tuesday, April 14, 2020
hornbeck offshore services
Maritime News

Hornbeck Offshore Services to File for Chapter 11 Bankruptcy in Pre-Packaged Restructuring Agreement

Hornbeck Offshore Services has announced it has entered into a pre-packaged restructuring agreement that involves it filing for voluntary Chapter 11 bankruptcy. The announcement comes as the COVID-19 pandemic has...

April 14, 2020
Total Views: 15

Tuesday, February 4, 2020

American Commercial Lines to File for Chapter 11 Bankruptcy

File Photo: Ken Schulze /</font> Indiana-based barge company American Commercial Lines announced Tuesday an agreement with its lenders to file for Chapter 11 bankruptcy as part of a pre-packaged...

February 4, 2020
Total Views: 33

Wednesday, January 22, 2020
McDermott International
Maritime News

McDermott International Files for Chapter 11 Bankruptcy

(Reuters) – U.S. oilfield services provider McDermott International Inc said on Tuesday it would file for prepackaged bankruptcy protection under Chapter 11, as it looks to cut debt that ballooned...

January 22, 2020
Total Views: 6

Monday, August 5, 2019
harland and wolff
Maritime News

Titanic Shipbuilder Harland and Wolff to File for Insolvency

By Ian Graham BELFAST, Aug 5 (Reuters) – Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to...

August 5, 2019
Total Views: 23

Friday, July 26, 2019
bourbon offshore
Maritime News

Insolvent Bourbon Requests Reorganization Proceedings

French offshore services company Bourbon has requested for reorganization proceedings of approximately 900 million euros in liabilities after a Chinese leasing company activated payment guarantes from the company. The request...

July 26, 2019
Total Views: 9

Monday, November 19, 2018
Maritime News

Offshore Driller Pacific Drilling Emerges from Bankruptcy

Offshore drilling contractor Pacific Drilling announced Monday it has emerged chapter 11 bankruptcy after successfully completing a more than a year-long reorganization. As a result, Pacific Drilling has raised $1.5 billion in...

November 19, 2018
Total Views: 6

Thursday, November 16, 2017
Offshore News

Highland’s Ocean Rig Bet: Fail in Caymans? Try Marshall Islands

By Tiffany Kary (Bloomberg) — A battle of so-called bankruptcy tourists is erupting in New York court. On Thursday, New York bankruptcy Judge Martin Glenn holds a hearing in the...

November 16, 2017
Total Views: 14

Tuesday, March 28, 2017

Deepwater Driller Ocean Rig Files for U.S. Bankruptcy Protection

March 28 (Reuters) – Ocean RIG UDW Inc, a Cyprus-based rig contractor, filed for Chapter 15 bankruptcy protection in a U.S. court amid a deep and prolonged downturn in the...

March 28, 2017
Total Views: 5

Monday, March 27, 2017
Maritime News

Singapore Efficiency Even Extends to Its Bankruptcy Laws

By Christopher Langner (Bloomberg Gadfly) — When it comes to matters legal or bureaucratic, Singapore is swift to act. Bankruptcy, sometimes, can be even faster. Ezra Holdings Ltd., a Singapore...

March 27, 2017
Total Views: 10

Monday, March 20, 2017
Maritime News

Ezra Bankruptcy Adds to Singapore’s Sorry Offshore Marine Story

By Aradhana Aravindan and Anshuman Daga SINGAPORE, March 20 (Reuters) – Oilfield services provider Ezra Holdings Ltd’s decision to file for U.S. bankruptcy protection gave investors another cause for concern...

March 20, 2017
Total Views: 12

Saturday, March 18, 2017

Bankrupt: Singapore’s Ezra Holdings Files Chapter 11

by Tom Hals (Bloomberg) Oilfield services firm Ezra Holdings Ltd (EZRA.SI) of Singapore filed for U.S. Chapter 11 bankruptcy on Saturday, blaming a prolonged slump in the energy industry. The...

March 18, 2017
Total Views: 2

Thursday, March 2, 2017
Maritime News

Shipping Can and Must Prevent Another Bankruptcy, FMC Chief Warns

By Gavin van Marle in Long Beach (The Loadstar) – The entire shipping industry – carriers and their customers and suppliers – need to come together to ensure that the...

March 2, 2017
Total Views: 1

Tuesday, February 28, 2017
Maritime News

Ezra Affiliate, Emas Chiyoda Subsea, Files for U.S. Bankruptcy

By Tom Hals Feb 28 (Reuters) – A subsea and offshore contractor affiliate of Ezra Holdings Ltd, a struggling Singaporean oilfield services firm, filed for U.S. bankruptcy as it ran...

February 28, 2017
Total Views: 10

Monday, January 30, 2017

Ship Operator Toisa Files for Bankruptcy

By Tom Hals WILMINGTON, Del., Jan 30 (Reuters) – Shipping company Toisa Ltd filed for U.S. Chapter 11 bankruptcy as falling demand for the Bermuda-chartered company’s oil-and-gas supply vessels left...

January 30, 2017
Total Views: 3

Monday, January 23, 2017
Giuseppe Bottiglieri Shipping
Maritime News

Italy’s Giuseppe Bottiglieri Seeks Court Protection as Downturn Bites

LONDON, Jan 23 (Reuters) – Giuseppe Bottiglieri Shipping Company, one of Italy’s biggest shipping firms, has sought court protection in the country from its creditors as it looks to restructure...

January 23, 2017
Total Views: 3