Bankrupt Imtech Sells Marine Unit to Investors

  By Anthony Deutsch and Toby Sterling AMSTERDAM, Aug 13 (Reuters) - Dutch engineering services company Royal Imtech has been declared bankrupt and its Marine and Nordic divisions are being sold to private investors, the company and its administrators said on Thursday. Imtech, which employs 22,000 people in 35 countries and has annual sales of roughly 4 billion … [Read more...]

Dutch Engineering Group Imtech has Completely Collapsed

  By Toby Sterling and Anthony Deutsch AMSTERDAM, Aug 11 (Reuters) - Royal Imtech, the Dutch engineering services company, filed for protection from its creditors on Tuesday, overwhelmed by accounting fraud in Germany that triggered three years of operating losses and major asset writedowns. The company's operating divisions are now owned by lenders ING Group, … [Read more...]

Imtech Investigates UAE Marine Unit

AMSTERDAM, Jan 13 (Reuters) - Dutch engineering and construction company Imtech has launched an investigation into the possible violation of export controls and sanctions regulations at its marine services business in the United Arab Emirates, it said on Tuesday. The company, which was hit by an accounting scandal in Poland and Germany in 2013, said the investigation was … [Read more...]

Imtech Marine Renews VSAT Contract with Algoma Central Corporation

This post is brought to you by Imtech Marine:  Leading Canadian shipping company Algoma Central Corporation has renewed and upgraded its VSAT Connectivity contract with technology solutions provider Imtech Marine. The agreement now provides VSAT satellite coverage and airtime connectivity to 34 vessels which are owned or managed by Algoma. Algoma Central Corporation owns … [Read more...]

Imtech Renews Focus on Service, Revives Radio Holland Brand

Imtech Marine USA re-introduces Radio Holland, focusing on Service and Nav/Com support to maritime customers One year ago Captain Eric Clarke resigned his post at Rightship, an organization that he and CEO Warwick Norman grew to world dominance within the shipping efficiency sector. Clarke remarked in a phone conversation: “I wanted to contribute more to my industry.” … [Read more...]