Search results for: liquidation

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  • 16 March 2015
    Business & Finance

    Intermediate People’s Court in Dalian has ordered STX (Dalian) Shipyard to enter bankruptcy liquidation on March 13, South Korea’s STX Corporation, the parent company of the bankrupt shipbuilder, said in a stock announcement. Unable to pay off its debts within due dates, STX (Dalian) Shipbuilding, China’s biggest foreign-funded shipbuilder, filed for bankruptcy reorganisation across its six branches in […]

  • 21 September 2015

    Air Liquide Advanced Technologies said it will provide an LNG reliquefaction unit, the Turbo-Brayton, which will be installed on a specialized LNG bunker vessel.

  • 9 April 2018
    Equipment, Vessels

    Cryogenics and gas engineer, Air Liquide, commissioned a boil-off gas reliquefaction system onboard the Samsung Heavy Industry-build LNG carrier, GasLog Genoa. 

  • 23 December 2014
    Authorities & Government, Business & Finance

    Oceanlinx Ltd has gone into liquidation, costing investors approximately AUD 80 mln, Australian media report. The liquidation follows an accident during the transportation of the company’s prototype generator ‘greenWAVE’ that was designed to power 1000 houses. It sank off the coast of Australia in March this year. Tibor Westes, Oceanlinx chairman, will try to protect the […]

  • 8 May 2017

    Sea Trucks Group Limited, a provider of offshore vessels and services, has been placed under provisional liquidation. In a statement on Monday, the company said that the Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands had placed Sea Trucks had appointed Chad Griffin of FTI Consulting LLP and Ian Morton […]

  • 27 October 2015
    Business & Finance

    Liquid Robotics announced the addition of three former diplomatic and U.S. Defense leaders to the Company’s Strategy Advisory Board (SAB). The new members include: – John J. Young, former Under Secretary of Defense (Acquisition, Technology, and Logistics), and Assistant Secretary of the Navy (Research, Development and Acquisition); – Robert Gelbard, career diplomat and former Ambassador […]

  • 18 September 2017
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Liquid Robotics has announced the next generation of the Wave Glider with advancements to the platform’s operational range, and performance for missions in high sea states and high latitudes. Changes also include advancements for expanded sensor payloads and increased energy and storage capacity required for long duration maritime surveillance, environmental monitoring and observation missions. “From […]

  • 22 October 2018
    Business & Finance

    Norwegian owner and operator of offshore vessels Solstad Offshore has started negotiations with lenders to improve the overall liquidity situation prior to the North Sea winter season. According to the company, the winter season is expected to be challenging for the company’s liquidity position. Solstad Farstad has therefore decided to begin negotiations with lenders and other stakeholders […]

  • 23 December 2014
    Business & Finance

    Australia’s wave developer Oceanlinx has gone into liquidation, the local news site reported.  The reports say that this could affect the investors, causing them to lose about AUD 80 million. Ocean­linx went bankrupt following an accident which occurred off the South Australian coast leaving the company financially crippled. The accident happened in March 2013, when “greenWAVE“ unit was damaged during tow operations […]

  • 3 April 2013
    Business & Finance, Technology

    Wavebob, an Ireland-based wave energy developer, will hold board meetings for shareholders and investors in order to put the company into liquidation process, according to The Irish Times. The company was hoping to get EUR 10 million in new investment to bridge the finance gap until it could raise funds from investors in the middle […]

  • 15 June 2020
    Equipment, Infrastructure, Vessels

    French industrial gases and services specialist, Air Liquide, has commissioned a Turbo-Brayton boil-off gas reliquefaction unit on LNG tanker newbuild.

  • 23 August 2016
    Business & Finance

    Cyprus-based tanker owner Primorsk International Shipping Ltd. has, together with certain of its affiliated debtors and debtors-in-possession, filed Joint Chapter 11 Plan of Liquidation with the United States Bankruptcy Court for the Southern District of New York. The company is scheduled to reveal the details of its bankruptcy plan before the Honorable Martin Glenn, United States Bankruptcy Judge, today […]

  • 18 May 2017
    Business & Finance

    After having completed the manufacturing process of the two dredgers in mid-April 2017 by supplier Liquid Waste Technology (LWT), an onsite inspection was carried out at the factory in New Richmond, WI. Parallel to the inspection, a delegation from Uganda consisting of four representatives from the Ministry of Water and Environment, and the end user […]

  • 10 September 2014

    World petroleum and other liquid fuels consumption will increase 38% by 2040, spurred by increased demand in the developing Asia and Middle East, according to projections in International Energy Outlook 2014 (IEO2014), released on Tuesday by the U.S. Energy Information Administration (EIA). “The growth outlook for liquid fuels use will be largely driven by demand in the […]

  • 15 April 2016

    Paris-based Air Liquide said it has acquired a dual mixed refrigerant technology called Liquefin from the French public research company IFPEN.

  • 19 October 2016

    Air Liquide opened its third LNG-CNG fueling station for road transport in Duttlenheim, France on Tuesday.

  • 8 May 2017
    Business & Finance

    Offshore contractor Sea Trucks has been placed into provisional liquidation by the Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands. Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting (BVI) Limited have been appointed as joint provisional liquidators. The appointment is only to the group holding company. […]

  • 7 December 2016
    Project & Tenders

    Boeing has entered into an agreement to acquire Liquid Robotics, a developer of the Wave Glider unmanned surface robot, to grow its seabed-to-space autonomous capabilities. “With Liquid Robotics’ innovative technology and Boeing’s leading intelligence, surveillance, and reconnaissance solutions, we are helping our customers address maritime challenges in ways that make existing platforms smarter, missions safer […]

  • 12 January 2017

    Australia and Japan have signed an agreement which will allow liquid hydrogen to be shipped in bulk for the first time, according to the Australian Maritime Safety Authority (AMSA). Japan is developing ship containment systems that will be capable of safely transporting liquid hydrogen in bulk from Australia to Japan as part of a pilot project […]

  • 23 November 2015
    Business & Finance

    Aquamarine Power ceased trading on 20 November due to not receiving any offers from buyers. This was reported by BDO LLP business restructuring partners James Stephen and Graham Newton, who have been appointed Joint Administrators on 27 October. James Stephen said: “Despite a comprehensive marketing process, and after speaking to a number of interested parties, we regret to announce […]

  • 15 August 2017
    Business & Finance

    Scott and English Energy (S&E), a subsidiary of Singapore’s bankrupt marine service provider Swissco Holdings, has been placed under provisional liquidation.  The judicial managers of Swissco Holdings informed on Monday that on August 10 the board of directors of Scott and English Energy made a statutory declaration that the company cannot by reason of its liabilities continue […]

  • 17 April 2015
    Exploration & Production

    The Norwegian Petroleum Directorate has released preliminary production figures for March 2015 which show an average daily production of about 1 935 000 barrels of oil, NGL and condensate. This is 3 000 barrels per day (about 0.2 percent) more than in February 2015. Total gas sales were about 10.9 billion Sm3, which is 0.9 […]