Banks Close to Hiring Adviser for Debt Talks with Abu Dhabi’s Gulf Marine Services – Sources

By Davide Barbuscia and Hadeel Al Sayegh DUBAI, Aug 27 (Reuters) - Creditors of Abu Dhabi-based Gulf Marine Services (GMS) are close to hiring an adviser to help them renegotiate debt terms, two sources familiar with the matter said. London-listed GMS, which provides support vessels for offshore oil and gas and other energy installations, has been hurt by a downturn in the … [Read more...]

Atlantic Towing Orders Hybrid Battery-Powered PSV

Canada-based Atlantic Towing has entered into a contract with Norwegian ship technology group Havyard for the purchase of a state-of-the-art hybrid battery-powered platform supply vessel for delivery in April 2020. Designed and built by Norway’s Havyard Ship Technology, the Havyard 833 WE-design vessel, named Atlantic Harrier, will be 89.7-meter vessel with more than 1,000 … [Read more...]