Stanford Marine eyes growth with $45m loan and new board
Financing comes after debt buyout by Shuaa Capital gave UAE offshore vessel player a new lease of life
Stanford Marine eyes growth with $45m loan and new board Read More »
offshore
Brazil FPSO mooring job is Maersk Supply’s biggest project contract yet
Maersk Supply has won a job with a Petrobras-led consortium that is ‘large in revenue but not in ships’ as it touts a shift from chartering to projects
Brazil FPSO mooring job is Maersk Supply’s biggest project contract yet Read More »
Astrup Fearnley turns around loss in ‘stress-test’ of a year
Norwegian group’s shipbroking and financial services arms made money in challenging 2020, and even offshore desks logged positive results
Astrup Fearnley turns around loss in ‘stress-test’ of a year Read More »
Siem sells AHTS pair out of offshore sector as it cuts debt further
Norwegian shipowner offloads large vessels to reduce borrowings secured by other anchor-handling tug supply units
Siem sells AHTS pair out of offshore sector as it cuts debt further Read More »
‘Progress made’ on DOF’s $2.2bn refinancing but further payment freeze needed
Norwegian OSV owner asking bondholders and banks for more time to conclude long-term debt restructuring
‘Progress made’ on DOF’s $2.2bn refinancing but further payment freeze needed Read More »