Wednesday, July 2, 2014
oceanographia osa goliath vessel

The Idle Goliath Off Aruba is Quietly Making Millions for Bondholders

Drifting five miles off the Aruba coast, the 591-foot-long oil-servicing ship OSA Goliath has no projects to work on or contracts to fulfill. Yet in its idle state, the ship is generating a windfall for holders of a Mexican corporate bond that went bad.

July 2, 2014
Total Views: 215

Saturday, March 15, 2014

Creditors Seize Ship Tied To Mexican Oil Company Probe

Creditors to Oceanografia, a Mexican oil services company at the center of an alleged fraud that forced Citigroup to cut its 2013 profit, have seized a ship that was used as collateral for debt issued by the company.

March 15, 2014
Total Views: 9