Industry Sectors:Offshore

Offshore

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…
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.
OSV provider Vallianz saw its third quarter profit plunged by 84.9% year-on-year on the back of the protracted downturn in the global offshore marine industry.
Embattled Swissco Holdings has announced it will file for an interim judicial management by next week, after the company failed to receive support from its major lenders.
Lloyd’s Register has acquired RTAMO Ltd and intends rolling out the Scottish company’s signature Real Time Adaptive Maintenance Optimisation (RTAMO) software to commercial shipping.
Cosco Shipyard Group (CSG) is continuing to announce delivery delays with further year delay for a newbuild semi-submersible tender assist drilling rig.
Royal Boskalis Westminster (Boskalis) closed the third quarter of 2016 in line with expectations.
Italian shipbuilder Fincantieri is looking to take Singapore-listed offshore vessel building arm Vard private.
The world’s largest ethane carrier has been delivered to India’s Reliance Industries Limited.
Malaysian oil and gas player UMW Oil & Gas (UMW-OG) continues to tick over picking up small deals to keep its assets employed, the latest being a contract for the…