Gulfmark Offshore Receives Unsolicited Merger Offer from Harvey Gulf, Throwing Wrench in Planned Tidewater Deal

Houston-based GulfMark Offshore (NYSE:GLF) today confirmed that it has received a non-binding, unsolicited proposal from competitor Harvey Gulf International Marine to combine the companies in an all-stock merger in which GulfMark would acquire Harvey Gulf. Under the Harvey Gulf proposal, GulfMark stockholders would own 41.2% of the combined company and it would remain … [Read more...]

Harvey Gulf International Marine Emerges from Chapter 11

New Orleans-based offshore supply company Harvey Gulf International Marine announced Monday that it has completed its financial restructuring and emerged from Chapter 11 bankruptcy after completing a court-approved Plan of Reorganization. Under the reorganization, Harvey Gulf has shed approximately $1 billion in debt and emerges with a "dramatically de-leveraged balance … [Read more...]

Harvey Gulf Files for Chapter 11 Bankruptcy

By Tom Hals WILMINGTON, Del., March 8 (Reuters) - A U.S. marine transportation company that pleaded for the Trump administration to protect its industry filed for bankruptcy on Wednesday, according to court records, the latest sign of struggles in the offshore energy services business. Louisiana-based Harvey Gulf International Marine LLC, which has more than 50 vessels in … [Read more...]

Harvey Gulf’s New MPSVs Named 2017 ‘Boat of the Year’ at Workboat Show

Harvey Gulf's two new large capacity Multi-Purpose Support Vessels (MPSVs) were named 'Boat of Year' at an award ceremony at the International Workboat Show in New Orleans last week. The two new sister vessels, Harvey Sub-Sea and Harvey-Blue, were built at Eastern Shipbuilding for New Orleans-based Harvey Gulf International Marine. With their delivery in June and November … [Read more...]

Wärtsilä to Equip First LNG Bunkering Barge in United States

Finnish technology group Wärtsilä has been selected to provide the liquified natural gas systems for a new ocean-going LNG bunkering barge for the U.S. cruise ship market. The articulated tug and barge (ATB) will be used to supply the LNG fuel to gas-powered cruise ships that are headed the east coast of Florida.  The 4,000 m3 capacity ATB is being built at the … [Read more...]