Search results for: GulfMark

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  • 1 March 2016

    More and more offshore vessels are being sold, stacked or scrapped with offshore vessel owners aiming to cut costs amid the lack of demand caused by the low oil prices. GulfMark offshore, for example, sold three older vessels during 2015, in order to “high-grade” their fleet. Quintin Kneen, President and CEO, said: “We continued to […]

  • 17 May 2017
    Business & Finance

    U.S.-based offshore support vessel owner GulfMark Offshore has reached an agreement with certain noteholders on a comprehensive financial restructuring, which will allow the company to cut its debt through Chapter 11 bankruptcy filing.  Holders of approximately 47% of the company’s unsecured 6.375% senior notes due 2022 have signed a restructuring support agreement (RSA) that, when […]

  • 18 October 2018

    The U.S. offshore vessel owners Tidewater and GulfMark Offshore have sent a joint letter to their respective shareholders urging them to vote for the previously proposed merger of the two companies.

  • 16 March 2016

    GulfMark Offshore, a provider of offshore support vessels, on Tuesday announced that a settlement has been reached in the dispute resolution proceedings with a U.S. shipyard over two delayed platform supply vessels.  Back in 2012, GulfMark ordered two new 300-Class Green DP2 PSVs from BAE Systems shipyard in Mobile, Alabama. These two vessels were originally scheduled for […]

  • 26 October 2017
    Equipment

    Finland’s Wärtsilä has successfully tested the remote control of ship operations using a combination of dynamic positioning (DP) and manual joystick control. Wartsila, in collaboration with vessel provider for the project Gulfmark Offshore, carried out the test on August 21 off the North Sea coast of Scotland. Even though the test vessel was in the […]

  • 12 February 2018

    GulfMark Offshore has entered into a partnership with a Mexican company with an aim of expanding business activities in Mexico.

  • 16 March 2017
    Business & Finance

    U.S.-based offshore support vessel owner GulfMark Offshore is facing a default on its $13.7 million interest payment, which was due on March 15, after not making the payment on time.  The company’s board decided not to pay on its due date the $13.7 million interest payment on its 6.375% senior notes due 2022. By doing this, the company has […]

  • 5 April 2017
    Business & Finance

    GulfMark Offshore, an offshore support vessel provider, has received a continued listing standard notice by the New York Stock Exchange (NYSE).  The company was notified on March 27, 2017, by the NYSE that the trading price of its Class A common stock is not in compliance with the exchange’s continued listing standard, which requires a minimum […]

  • 23 February 2018
    Business & Finance

    GulfMark Offshore, a U.S.-based marine transportation services provider, has named a new chief financial officer (CFO).

  • 16 November 2018
    Business & Finance

    Houston-based offshore support vessel owner Tidewater has completed its business combination with its compatriot GulfMark Offshore.

  • 13 April 2017
    Business & Finance

    U.S.-based offshore support vessel owner GulfMark Offshore has been delisted from the New York Stock Exchange (the NYSE) and started trading in the Pink Sheets.  The company in late March had received a notice from the NYSE that the trading price of its Class A common stock was not in compliance with the exchange’s continued listing standard giving […]

  • 26 January 2017
    Business & Finance

    Offshore support vessel provider GulfMark Offshore has entered into new long-term contracts for a pair of platform suppliers, both in the UK.  The first is a two-year plus options contract for the M/V Highland Prince. ASCO Marine has chartered the 2010-built Highland Prince, a high specification PSV, equipped with diesel electric, fuel efficient propulsion, dynamic […]

  • 16 November 2018
    Business & Finance

    Tidewater, GulfMark Offshore completed their business combination, creating the industry’s largest OSV owner.

  • 16 July 2018
    Business & Finance

    U.S.-based OSV operator Tidewater and its compatriot GulfMark Offshore have decided to combine.

  • 3 December 2013

    Simek shipyard A/S (Norway) launched the 2nd platform supply vessel last Saturday, based on GulfMark Offshore’s ST-216 Arctic Design, the Yard No. 130. This state-of-the-art PSV provides the latest marine technologies – from an ergonomic bridge design and more comfortable crew accommodations to a hull shape that delivers significant fuel savings. In addition, the vessel […]

  • 7 August 2018

    Harvey Gulf International Marine, the New Orleans-based LNG-fueled PSV owner and LNG bunkering pioneer, put in a merger proposal to GulfMark Offshore. 

  • 6 August 2018

    U.S. offshore vessel Harvey Gulf International has launched a merger offer for GulfMark Offshore, a company in the process of being merged with Tidewater.

  • 7 August 2018

    U.S. offshore vessel owner Harvey Gulf is urging GulfMark to accept its merger offer

  • 15 November 2017
    Business & Finance

    GulfMark Offshore has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code.

  • 17 July 2018
    Business & Finance

    Tidewater and GulfMark Offshore have received the green light from their boards of directors to merge.

  • 7 September 2010
    Business & Finance

    GulfMark Offshore, Inc. announced that Bruce A. Streeter, the Company’s President & Chief Executive Officer, will present at the Barclays Capital CEO Energy-Power Conference in New York City on Thursday, Sept 16, 2010at 9:45 AM. The presentation and webcast will be made available in the Investor Relations section of GulfMark’s website on the day of […]

  • 22 April 2014
    Business & Finance

    GulfMark Offshore, Inc. today announced its results of operations for the three-month period ended March 31, 2014. For the first quarter ended March 31, 2014, revenue was $119.6 million, and net income was $16.6 million, or $0.63 per diluted share. Quintin Kneen, President and CEO, said, “I am excited about what 2014 has in store […]