Search results for: Recapitalization

107 results

A list of search results

  • 3 May 2017
    Business & Finance

    Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) expects to complete the second stage of its recapitalization by June 2017. At that time, Yang Ming will be announcing the identities of the investors who participated in this round of issuance, as well as the details of this offering. The announcement was made as the […]

  • 18 January 2018
    Business & Finance, Operations & Maintenance

    Bibby Offshore has finalized the recapitalization of its balance sheet announced in December 2017. The comprehensive agreement on the recapitalization of its balance sheet was approved by a majority of 98.7% of noteholders of the £175 million 7.5% senior secured notes, the company informed. The recapitalization was finalized on Wednesday, January 17, and is effective […]

  • 26 June 2019
    Business & Finance, Exploration & Production

    Offshore drilling company Dolphin Drilling ASA has filed for bankruptcy after failure of creditors to agree on the terms for a consensual restructuring.

  • 25 June 2019
    Business & Finance, Exploration & Production

    Norwegian offshore drilling contractor Dolphin Drilling ASA might file for bankruptcy.

  • 9 December 2019
    Business & Finance

    The European Commission has found plans to strengthen the capital position of Nord/LB to be free of any state aid.

  • 15 August 2014
    Business & Finance

    Danish-based shipping company TORM has reached an agreement in principle to extend its working capital facility and support its ongoing recapitalization efforts, as announced by TORM CEO Jacob Meldgaard. The agreement in principle was reached with the Coordinating Committee of Lenders regarding an extension of the existing Super Senior Working Capital Facility by six months […]

  • 19 May 2015

    The United States House of Representatives passed the Coast Guard Authorization Act of 2015 on Monday, May 18. Congressman John Garamendi, Ranking Member of the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation, co-authored this bipartisan legislation. “America’s Coast Guard and Merchant Marine play an indispensible role in our […]

  • 19 May 2015

    The United States House of Representatives passed the Coast Guard Authorization Act of 2015 on Monday, May 18. Congressman John Garamendi, Ranking Member of the House Committee on Transportation and Infrastructure’s Subcommittee on the Coast Guard and Maritime Transportation, co-authored this bipartisan legislation. “America’s Coast Guard and Merchant Marine play an indispensible role in our […]

  • 24 April 2017
    Business & Finance

    Taiwanese shipping company Yang Ming Marine Transport Corporation (Yang Ming) has voluntarily suspended the trading of its stock on the Taiwan Stock Exchange from April 20 to May 3, 2017. The suspension is a “standard procedure” amid the company’s recapitalization plan announced earlier this year, according to Yang Ming. The recapitalization plan is said to be […]

  • 13 December 2017
    Business & Finance

    NAT has announced an underwritten public offering of USD 100 million of its common shares.

  • 10 November 2006

    U.S. Rep. Gene Taylor will join Homeland Security Secretary Michael Chertoff for the christening of the Coast Guard’s first national security cutter during a Veterans Day ceremony at Northrop Grumman Ship Systems in Pascagoula. The 418-foot Bertholf is the first of eight deepwater cutters the Coast Guard has ordered in the largest recapitalization effort in […]

  • 23 February 2018
    Business & Finance

    J. Lauritzen is ready for a market recovery on the back of its refinancing and recapitalization in 2017.

  • 12 April 2018

    Fieldwood Energy has closed its acquisition of all of Noble Energy’s deepwater oil and gas assets located in the Gulf of Mexico.

  • 29 March 2018

    Breakwater Capital and Hayfin Capital Management have added two anchor handling tug supply vessels to their fleet.

  • 31 May 2019
    Business & Finance

    Dolphin Drilling has elected a new chairman following the resignation of its board members and termination of the entire management team amid financial restructuring. 

  • 15 April 2019
    Business & Finance, Exploration & Production

    Majority lenders in Oslo-listed offshore drilling contractor Dolphin Drilling’s $2 billion loan are moving forward with reorganization and recapitalization of the company’s drilling business.

  • 21 January 2018
    Business & Finance

    Subsea World News has put together a recap of the most interesting articles from the previous week (January 15 – January 21). Reach Subsea Nets BP Contract for Normand Reach Bibby Offshore Completes Recapitalization UDS Kicks Off New Vessel Construction BP to Take USD 1.7 Bln Deepwater Horizon Charge EMAS Offshore CEO Steps Down

  • 18 November 2015
    Business & Finance

    The Fiscal Year 2016 Operating and Capital Budget was approved Tuesday (November 17) during a special meeting of the Port Commission of the Port of Houston Authority (PHA). Solid financial performance is expected to continue in 2016 with projections by the PHA of revenue growth after a very strong fiscal 2015 in terms of cargo tonnage. […]

  • 17 May 2018
    Business & Finance

    Suezmax owner Nordic American Tankers ended Q1 2018 with a widened net loss year over year.

  • 28 May 2019
    Business & Finance, Exploration & Production

    Norwegian offshore drilling company Dolphin Drilling has dismissed all of the employees at its management, including its CEO and CFO, amid restructuring efforts.

  • 29 March 2019
    Business & Finance

    Nautilus Minerals common shares will be delisted from Toronto Stock Exchange (TSX) effective at the close of market on April 3, 2019. The Toronto-based underwater mineral exploration company was unsuccessful to appeal the initial decision by TSX to delist its shares. Nautilus’ common shares will continue to be suspended from trading on TSX until the […]

  • 16 December 2016

    Offshore services firm EMAS AMC has asked for a standstill of its bareboat charter of the Lewek Connector ultra deepwater multipurpose, flex-lay subsea construction vessel. According to Ocean Yield, the owner of the vessel, EMAS AMC has requested a short-term standstill for the months of December 2016 and January 2017. Given the challenging offshore market, […]