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.

March 20, 2017
Total Views: 127

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

March 18, 2017
Total Views: 51

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

March 2, 2017
Total Views: 6

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

February 28, 2017
Total Views: 56

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

January 30, 2017
Total Views: 21

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

January 23, 2017
Total Views: 21

Thursday, April 14, 2016

Houston-Based Oil Explorer Energy XXI Files for Bankruptcy After $5 Billion Expansion

By Tiffany Kary and Joe Carroll (Bloomberg) — Energy XXI Ltd. filed for bankruptcy protection after spending $5 billion on acquisitions in the years

April 14, 2016
Total Views: 49

Wednesday, January 20, 2016
Maritime News

Ice-Classed Tanker Owner Primorsk International Files For Bankruptcy in New York

Primorsk International Shipping, which operates ice-class tankers, has filed for Chapter 11 bankruptcy protection with the U.S. Bankruptcy Court in New York.

January 20, 2016
Total Views: 8

Wednesday, January 6, 2016
Maritime News

China’s Shipping-Related Bankruptcies Likely to Surge in 2016

By Brenda Goh SHANGHAI, Jan 6 (Reuters) – China’s dry-bulk shipping industry will likely see a surge in bankruptcies this year as freight rates hit

January 6, 2016
Total Views: 2

Friday, September 18, 2015
Maritime News

Harvard-Linked Fund Sank More Into Ailing Global Maritime Investments Despite Losses

By Tiffany Kary and Michael McDonald (Bloomberg) — A fund linked to Harvard University kept sinking money into a dry-bulk shipping business even while

September 18, 2015
Total Views: 46

Thursday, August 13, 2015
Hercules offshore rig under tow

Hercules Offshore Files for Bankruptcy

BY Steven Church, Tiffany Kary and David Wethe (Bloomberg) — Hercules Offshore Inc., owner of the largest fleet of shallow-water drilling rigs in the

August 13, 2015
Total Views: 70

Tuesday, July 14, 2015

Signal International Settles Labor Suit After Filing for Bankrupcty

By Kathy Finn NEW ORLEANS, July 14 (Reuters) – Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the

July 14, 2015
Total Views: 34

Thursday, June 18, 2015
Hercules offshore rig under tow

Hercules Offshore to File for Bankruptcy

Hercules Offshore Inc. plans to put itself into bankruptcy next month in a creditor-supported deal that would wipe out all of its $1.2 billion of

June 18, 2015
Total Views: 37

Tuesday, May 5, 2015
Maritime News

OSG Planning $100 Million NYSE Return – Reports

Overseas Shipholding Group, one of the world’s largest tanker operators, is planning a return to the New York Stock Exchange less than a year after

May 5, 2015
Total Views: 9

Wednesday, February 4, 2015
Maritime News

Danish Bulker Owner Copenship Files for Bankruptcy

Privately-owned shipping company Copenship has filed for bankruptcy in Copenhagen after losses in the dry bulk market, its Chief Executive Michael Fenger told

February 4, 2015
Total Views: 53

Friday, November 7, 2014

OW Bunker Files for Bankruptcy

Danish marine fuel supplier OW Bunker A/S has filed for bankruptcy less than 48 hours after its world was rocked by an alleged $125 million bunker fraud

November 7, 2014
Total Views: 7

Thursday, November 6, 2014
Ship-to-ship bunkering off Singapore.
Maritime News

Shippers, Traders Scramble In Wake of OW Bunker Fraud Revelation

Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest

November 6, 2014
Total Views: 4

Maritime News

OW Bunker at Risk of Bankruptcy After Uncovering Fraud

Danish ship fuel supplier OW Bunker said it may go bankrupt after discovering fraud by unnamed senior employees in its Singapore-based subsidiary which will

November 6, 2014
Total Views: 25

Wednesday, August 6, 2014
Maritime News

Eagle Bulk Shipping Files For Bankruptcy

Eagle Bulk Shipping Inc., an operator of dry-bulk cargo ships, filed for bankruptcy protection after missing a June interest payment, as transport companies

August 6, 2014
Total Views: 186

Tuesday, July 15, 2014
vlcc british progress

Windsor Petroleum Files for Ch. 11 Protection

Windsor Petroleum Transport Corp (WPT), a Bermuda-based company that falls underneath International Tankers Corp and is 82.5 percent owned by Frontline Tankers

July 15, 2014
Total Views: 4