Survitec has restructured its offshore division and introduced new offerings to prepare for an anticipated growth in the offshore market.

Embattled OSV builder Nam Cheong has urged noteholders to support the company’s financial restructuring involving approximately $220m of unsecured debts.

Engineering and fabrication shipyard Triyards Holdings has voluntarily suspended its shares trading on the Singapore Exchange (SGX) as the company revealed deeper financial troubles and is seeking to restructure its debts.

Atlantic Navigation Holdings (Singapore) Limited has reached agreements with its principal banker to revise the repayment and to extend the tenure of term loans and revolving credit facilities of $46m.

Israel’s Zim Line has revealed the details of the final phase of its restructured network, which will begin in April 2017. 

Alternative investment firm Uni-Asia Holdings, which operates dry bulk vessels via shipowning arm Uni-Asia Shipping, has proposed an internal restructure by way of a scheme of arrangement.

Bankrupt Sinopacific Offshore & Engineering (SOE) has announced that it is looking for investors to help restructure the company.

Norway’s OSV owner Island Offshore has started talks with its finance providers with an aim of restructuring its balance sheet, and temporarily halted all payments of amortization to its secured finance providers.

South Korea’s Hyundai Heavy Industries (HHI) will be divided into six companies as part of its restructuring plan aimed at improving efficiency and raising competitiveness.

China Merchants Group and Sinotrans & CSC Group have held a meeting in Beijing on Wednesday regarding the merger of the two organisations, outlining the broad objectives of the reorganised structure going forward, the local media reported.

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