Search results for: Recapitalization

107 results

A list of search results

  • 20 July 2015
    Business & Finance

    Singapore-listed bulker owner Pan Ocean Co., Ltd. has appointed Harim Group’s chairman Kim, Hong Kuk as Chief Executive Officer. South Korean shipping company signed the investment contract with its preferred bidder Harim Group & JKL Consortium in February. The consortium, made up by poultry processor Harim and Korean private equity group JKL Partners, assigned USD 968 million for the acquisition […]

  • 9 May 2011

      Chesapeake Energy Corporation today announced the completion of a recapitalization of privately held Frac Tech Holdings, LLC. In the transaction, Chesapeake supported a consortium of investors that included Maju Investments (Mauritius) Pte Ltd, a wholly owned investment holding company of Temasek Holdings (Private) Limited (Temasek), and RRJ Capital in their acquisition of the outstanding […]

  • 20 July 2015
    Business & Finance

    Singapore-listed bulker owner Pan Ocean Co., Ltd. has appointed Harim Group’s chairman Kim, Hong Kuk as Chief Executive Officer. South Korean shipping company signed the investment contract with its preferred bidder Harim Group & JKL Consortium in February. The consortium, made up by poultry processor Harim and Korean private equity group JKL Partners, assigned USD 968 million for the acquisition […]

  • 24 November 2014
    Business & Finance

    The Fiscal Year 2015 Operating and Capital Budget was approved last week during a special meeting of the Port Commission of the Port of Houston Authority. Projections by the Port Authority anticipate increased revenues in 2015, driven in large part by an increase in both import and export container volumes, with an expected pullback in steel […]

  • 12 June 2015
    Business & Finance

    Pan Ocean’s rehabilitation plan has been approved by the Seoul Central District Court, following the agreement of more than two thirds of unsecured claims creditors (87.0%) and more than half of shareholders (61.6%), the bulker owner said in a stock exchange filing. The company submitted the revised rehabilitation plan to the court on 21st April 2015, and submitted the […]

  • 11 June 2018
    Business & Finance

    Bibby Offshore’s chief executive officer has decided to leave the business and pursue new challenges. The company on Monday confirmed that its CEO Howard Woodcock will leave the company after 25 years with Bibby. Howard Woodcock said: “After 25 years with Bibby, more than half of which has been with Bibby Offshore, I now wish to […]

  • 23 December 2019

    Dominion Energy has completed the transfer of a 25 percent non-controlling equity interest in Cove Point to Brookfield Super-Core Infrastructure Partners.

  • 12 February 2015
    Business & Finance

    South Korean shipping company Pan Ocean has signed the investment contract with its preferred bidder Harim Group & JKL Consortium today. The consortium, made up by poultry processor Harim and Korean private equity group JKL Partners, is expected to pay up to USD 968 million for the acquisition. The contract signing follows an approval from the relevant Korean bankruptcy court. […]

  • 12 February 2018
    Business & Finance

    Due to volatility in the tanker shipping industry, NAT ended 2017 with a net loss of USD 75.5 million.

  • 11 February 2016
    Exploration & Production

    Hercules Offshore, Inc., a U.S. offshore driller is exploring its options, including a merger or a sale of the company. In a statement on Thursday, the company said it established a special comprised of all the independent members of the Board of Directors of the companyto consider and explore various strategic alternatives potentially available to the company […]

  • 30 September 2011
    Business & Finance

    Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA (Sevan), a Norway-based developer, owner and operator of FPSO units, and acquire an equity interest in a recapitalized Sevan. Under the terms of the agreement […]

  • 30 January 2015

    Afren, the troubled, London-listed, independent oil and gas company, has again postponed a deadline for Nigerian Seplat Petroleum to make an offer for the company. Seplat had until 5 p.m. today to ‘take it or leave it’, under the previously announced deadline extension, but Afren is now saying that the new deadline has been set. […]

  • 12 December 2019
    Business & Finance

    The main reason behind the sale of the giant vessel has been its underutilization.

  • 24 June 2015
    Business & Finance, Equipment, Technology

    Building on a record year, during the first five months of 2015, the Port of Houston Authority (PHA) handled more than 16 million tons of cargo, an increase of 9 percent compared to the same period last year. Additionally, activity at the Bayport and Barbours Cut terminals continues to grow at an accelerated pace, with […]

  • 2 March 2015
    Business & Finance

    South Korean bulk shipping company Pan Ocean has reported a net profit of USD 750.9 million in its full year results for 2014 on the backdrop of its successful restructuring process. The company said that its increased profit reflects the gain on exemption of dept through debt-to-equity conversion, along with contract termination of high cost chartered […]

  • 4 January 2018
    Business & Finance

    Samsung Heavy Industries has dismissed 30 percent of its executives and reorganized divisions.

  • 16 November 2017
    Business & Finance

    The Fiscal Year 2018 Operating and Capital Budget was approved earlier this week, during a special meeting of the Port Commission of the Port of Houston Authority (PHA). The 2018 capital improvement program includes strategic project investments supporting new growth opportunities, recapitalization projects to help sustain high service and enhance productivity levels, and channel development […]

  • 24 March 2015

    American Power Group said it will display its “Fueled By Flare™ dual fuel system on a 2015 Freightliner 122SD Severe-Duty Glider Kit at this week’s Mid-America Trucking Show. This dual fuel severe-duty glider kit was designed and assembled by Harrison Truck Centers (HTC) as a vocational vehicle for oil and gas, mining, logging, and over-sized […]

  • 19 November 2015
    Business & Finance

    The Port of Houston Authority said that it projects an increase of its total revenues by 2 percent next year with a steady growth in container units. The cash flow expected in 2016 would help support a capital improvement program of USD 314 million, to include projects for new growth opportunities, recapitalization projects and channel projects to benefit the entire […]

  • 27 September 2016
    Business & Finance

    Naval Facilities Engineering Command (NAVFAC) Southeast awarded a more than $23 million contract to Orion Marine Construction for Wharf Bravo recapitalization aboard Naval Station (NS) Mayport, Florida, on September 22. “The entire Wharf Bravo, which includes wharves B-1, B-2, and B-3 will be repaired during this renovation,” said NS Mayport Commanding Officer Capt. David Yoder. “The […]

  • 18 April 2018
    Business & Finance

    Seadrill’s plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

  • 24 March 2015

    American Power Group said it will display its “Fueled By Flare™ dual fuel system on a 2015 Freightliner 122SD Severe-Duty Glider Kit at this week’s Mid-America Trucking Show. This dual fuel severe-duty glider kit was designed and assembled by Harrison Truck Centers (HTC) as a vocational vehicle for oil and gas, mining, logging, and over-sized […]