Monday, November 2, 2020
Wednesday, October 14, 2020
Monday, August 17, 2020
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...
Friday, July 31, 2020
Thursday, July 9, 2020
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...
Tuesday, April 14, 2020
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...
Tuesday, February 4, 2020
American Commercial Lines to File for Chapter 11 Bankruptcy
File Photo: Ken Schulze / Shutterstock.com</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...
Wednesday, January 22, 2020
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...
Monday, August 5, 2019
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...
Friday, July 26, 2019
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...
Monday, November 19, 2018
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...
Thursday, November 16, 2017
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...
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...
Monday, March 27, 2017
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...
Monday, March 20, 2017
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...
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...
Thursday, March 2, 2017
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...
Tuesday, February 28, 2017
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...
Monday, January 30, 2017
Monday, January 23, 2017
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...
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