Embattled Ezra Holdings woes continue to mount with another claim related to EMAS Chiyoda Subsea (ECS) for $4.45m and liability for two bareboat charters by EMAS Offshore Ltd (EOL) that…
The floating production sector has “turned the corner” according to analyst Energy Maritime Associates.
Offshore vessel owner Bourbon reported a hefty loss of EUR279.6m ($299.1m) for 2016 in what it characterised as the “most acute crisis” for marine services in 40 years.
A proposed Chapter 11-like bankruptcy code for Singapore would bode well for the debt restructuring market, especially at a time when offshore companies are struggling to stay afloat under mounting…
When the subject turns to infrastructure investment in the States and the potential impacts on deepsea and domestic shipping, the booming energy markets are now receiving increased attention.