Tuesday, July 3, 2018
Maritime News

Disgraced Brazilian Tycoon Eike Batista Sentenced to 30-Years for Corruption

By Brad Brooks SAO PAULO, July 3 (Reuters) – Eike Batista, the former mining and oil magnate who was once Brazil’s richest man, was convicted and sentenced to 30 years...

July 3, 2018
Total Views: 16

Monday, August 3, 2015

Deadbeat Ex-Billionaire Batista Tempts Bondholders to Seize Once-Prized Ship

  By Juan Pablo Spinetto (Bloomberg) — Out in the Atlantic Ocean, 130 miles off the coast of Brazil, an oil ship the length of New York City’s Chrysler building...

August 3, 2015
Total Views: 81

Monday, September 15, 2014

Ex-Billionaire Batista Charged with Financial Crimes in Brazil

Brazilian federal prosecutors accused Batista of financial- market crimes and are seeking to freeze his assets valued at as much as 1.5 billion reais ($641 million).

September 15, 2014
Total Views: 2

Saturday, May 17, 2014
acu shipbuilding

Batista Shipbuilder OSX Offers To Pay Debt In 25 Years

RIO DE JANEIRO, May 16 (Reuters) – Brazil’s OSX Brasil SA , the bankrupt shipbuilder controlled by former billionaire Eike Batista, presented a plan to a Brazilian judge on Friday...

May 17, 2014
Total Views: 2

Tuesday, November 26, 2013
osx logo batista

OSX Brasil Board Elects Euchério Rodrigues Chief Executive

RIO DE JANEIRO, Nov 26 (Reuters) РOSX Brazil SA, the shipbuilding company controlled by Brazilian tycoon Eike Batista, said on Tuesday that its board of directors elected Euch̩rio Lerner...

November 26, 2013
Total Views: 0

Friday, November 8, 2013

OSX Brasil Plans Bankruptcy Filing

Brazilian shipbuilder OSX Brasil SA said on Friday it will file for bankruptcy protection, another step in the decline of former billionaire Eike Batista's empire.

November 8, 2013
Total Views: 5

Tuesday, October 15, 2013
Superporto Sudeste

Mubadala, Trafigura Win Control Of Batista Port In $996 Million Deal

By Guillermo Parra-Bernal SAO PAULO, Oct 15 (Reuters) – Brazilian businessman Eike Batista ceded control of an iron ore port to Dutch energy firm Trafigura Beheer BV and an Abu...

October 15, 2013
Total Views: 6

Wednesday, October 2, 2013

Six Lessons From Blowing $30 Billion in Brazil

If OGX goes under, its largest U.S. creditors stand to lose millions in Latin America’s largest corporate default. Batista’s salesmanship and Brazil’s growth boom drew investors to his over-hyped companies. The warning signs they missed offer precious investing lessons.

October 2, 2013
Total Views: 26

Friday, August 30, 2013

Eike Batista’s Brazilian Empire Was Sunk By More Than Hubris

A look at the rise and rapid fall of Eike Batista's Brazilian empire.

August 30, 2013
Total Views: 9

Wednesday, August 28, 2013

Batista Quits As LLX Chairman

Brazilian tycoon Eike Batista quit as chairman of Brazilian port operator LLX Logística SA on Wednesday, after agreeing to sell control of the company to U.S. investment firm EIG Global Energy Partners LLC earlier this month.

August 28, 2013
Total Views: 6

Tuesday, July 16, 2013
osx 3 fpso modec

Batista’s Precious OSX-3 FPSO Departs Singapore for Brazilian Waters

July 16 (Bloomberg) — Eike Batista’s OSX-3 offshore oil- processing vessel, collateral for his shipping unit’s bonds, departed from Singapore and is heading to Rio de Janeiro. The ship anchored...

July 16, 2013
Total Views: 13

Wednesday, April 3, 2013
acu port strike

Workers End 2-Day Strike at OSX Brazil Shipyard

RIO DE JANEIRO, April 3 (Reuters) – Workers ended a two-day strike at the OSX Brasil SA shipyard at Brazil’s Port of Acu on Wednesday, after delaying construction and blockading...

April 3, 2013
Total Views: 0

acu port strike

Problems for Batista Mount as Workers Continue Strike at OSX Brazil

RIO DE JANEIRO, April 3 (Reuters) – Workers extended a strike at the OSX Brasil SA shipyard at Brazil’s Port of Acu for a second day on Wednesday, delaying construction...

April 3, 2013
Total Views: 2

Tuesday, March 26, 2013
osx brasil grupo

OSX Brazil is Stymied by the Capital Markets, Still Seeks $265 Million Loan

Brazilian shipbuilding and ship-leasing company OSX Brasil SA is in the process of raising a $265 million short-term loan due in 2014 from foreign investors to complete an oil platform...

March 26, 2013
Total Views: 0

Friday, October 26, 2012

Batista Shows You Need to Spend Money to Make Money

(Bloomberg) — Billionaire Eike Batista is pledging as much as $2 billion to shore up the finances of his oil and shipbuilding companies after drilling and output delays. The controlling investor is...

October 26, 2012
Total Views: 5

Wednesday, October 17, 2012

Batista to Pump $500 Million Into Brazil’s OSX

RIO DE JANEIRO–Brazilian businessman Eike Batista will buy $500 million in shares of shipbuilding and oilfield services company OSX Brasil S/A (OSXB3.BR) by March 2013, half of the company’s existing...

October 17, 2012
Total Views: 2

Monday, October 15, 2012

Brazil’s Acu Superport Learning That Money Actually Isn’t The Easy Part

(Bloomberg) — Billionaire Eike Batista is struggling to reach his goal of luring $40 billion to an industrial port complex in Rio de Janeiro state after Nissan Motor Co. pulled...

October 15, 2012
Total Views: 7

Thursday, July 12, 2012

Batista Loses $15 Billion as Brazil Awakes From Dream

(Bloomberg) — When Eike Batista pitched investors on $6 billion in stock offerings over the past six years, he was selling more than his personal empire of interlinking commodity startups....

July 12, 2012
Total Views: 2

Wednesday, July 11, 2012

Batista’s OSX May Win Petrobras Deal on Rival’s Ship Delays

(Bloomberg) — OSX Brasil SA, the shipbuilder controlled by Brazil’s richest man, stands to benefit from a rival’s failure to deliver vessels on time for offshore oil production. So do...

July 11, 2012
Total Views: 1

Friday, June 29, 2012

Brazil’s Batista Does The Senior Management Shuffle

SAO PAULO–Brazilian billionaire Eike Batista on Thursday reshuffled the senior management at his oil and ship-building companies, which have seen their stocks lose heavily over the last two days amid...

June 29, 2012
Total Views: 2