Search results for: olympic-shipping

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  • 5 July 2016

    Olympic Shipping, an Oslo-listed offshore support vessels owner, has entered into a standstill agreement with its secured lenders. The discussions with the lenders were initiated in the first quarter of 2016, in relation to the need for an adjustment to the repayment profile of the financial debt of Olympic Shipping and its subsidiaries. According to a […]

  • 29 November 2016
    Equipment

    Olympic Ship AS, an offshore vessel owner based in Norway, has reached yet another extension with creditors to a previously agreed stand-still deal. The financially strained ship owner was in talks with the secured lenders aiming to secure adjustment to the repayment profile of the financial debt of the company and its subsidiaries. This is […]

  • 26 December 2016
    Business & Finance

    After getting support for a financial restructuring from key stakeholders, the Norwegian offshore vessel owner Olympic Ship has been granted an extended stand-still to complete the process.  Olympic said on Saturday that, in order to provide further time to conclude and complete the restructuring, the company has been granted an extended stand-still from the secured lenders […]

  • 1 December 2016
    Equipment

    Norwegian offshore shipowner Olympic Ship has managed to agree yet another stand-still extension with its lenders, in the wake of its efforts to restructure the company’s debt. The company had on Tuesday said it had been given a one-day stand-still extension, however in an update on Thursday, Olympic Ship informed that it has now been […]

  • 5 July 2016
    Equipment

    Olympic Shipping, a Norwegian provider of inspection, maintenance, and repair vessels, has entered into a standstill agreement with its secured lenders. The discussions with the lenders were initiated in the first quarter of 2016, in relation to the need for an adjustment to the repayment profile of the financial debt of Olympic Shipping and its subsidiaries. […]

  • 24 January 2017

    Norwegian offshore vessel owner Olympic Ship has been granted another extended stand-still to complete its financial restructuring.  In July 2016, Olympic informed the company had initiated discussions with the secured lenders in relation to the need for an adjustment to the repayment profile of the financial debt of the company and its subsidiaries. After months of talks […]

  • 26 December 2016
    Business & Finance, Vessels

    Olympic Ship has secured an extension to the stand-still agreement from its lenders to conclude the ongoing financial restructuring within the company.

  • 29 November 2016
    Business & Finance, Vessels

    Norway-based ship owner, Olympic Ship, has been granted an extension to the stand-still agreement in an effort to address the long-term financing solution for the company.

  • 3 June 2016

    Norwegian offshore vessels owner and operator Olympic Shipping has chartered out Olympic Delta to an unnamed international client for a project ”within renewable energy.” Commencement of the contract will be immediately and has a fixed period of 8 weeks plus options potentially extending the period further. Stig Remøy, CEO of Olympic Shipping: ”It’s with great pleasure […]

  • 6 February 2017
    Business & Finance

    Norwegian shipowner Olympic Ship has completed its financial restructuring having reached an agreement with the stakeholders and secured lenders.

  • 3 March 2014
    Business & Finance

    Olympic Shipping has entered into charter agreement for two subsea support newbuilds to be delivered from Kleven Maritime in 2014 and 2015. Both vessels have been awarded contracts for 3 years fixed with options of another 2 x 1 year. The vessel Olympic Zeus is employed on a contract with Reef Subsea for a fixed […]

  • 20 April 2016

    The Norwegian offshore shipowner Olympic Shipping is gearing up to reactivate one of its offshore vessels. In a statement on Wednesday, Olympic Shipping said that its Olympic Octopus anchor handling tug and supply vessel would return from layup, and start a contract with an undisclosed client. The shipowner said the initial term would be for […]

  • 9 December 2016
    Business & Finance, Vessels

    Norwegian shipowner Olympic Ship has received support for financial restructuring from its stakeholders.

  • 5 March 2014
    Business & Finance

    Boa Marine Services, Inc. has chartered the newbuild vessel Olympic Boa, owned by Olympic Shipping. The vessel is a multi-functional offshore construction vessel (OCV) owned by Olympic Ship AS. The charter will start during the second quarter of 2014. Boa has chartered the Olympic Boa vessel on a three-year contract, plus options. Earlier this week Olympic Shipping […]

  • 24 May 2016
    Project & Tenders

    Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the subsea construction vessel Olympic Athene and Canyon’s ROV systems. Under the agreement the companies will work together to secure utilization for the vessel and ROV systems and services with third party clients. According to Olympic Shipping, the framework […]

  • 24 January 2017
    Business & Finance

    In order to complete the group restructuring, Norway-based shipowner Olympic Ship has once again agreed with its secured lenders to extend the stand-still agreement.

  • 28 March 2012
    Business & Finance

    The Olympic Shipping AS informed that a naming ceremony of their new vessel, Olympic Energy , was held on March 24 by the harbour in the town center of Ålesund, Norway. The principal of Høyskolen i Ålesund, Marianne Synnes was the Godmother of the vessel. After the ceremony, the ship was open to the public […]

  • 29 April 2016
    Business & Finance

    Olympic Shipping, a Norwegian owner and operator of offshore service vessels, has contracted its inspection, maintenance and repair ship Olympic Delta to an unnamed international client for a renewable energy project. The Olympic Delta will start its charter in August for a fixed period of 120 days plus options potentially extending the period to more than […]

  • 6 May 2011
    Business & Finance

      Olympic Ship has entered into long term contracts with Petrobras Brazil for the PSV`s Olympic Elena (MT6009) and Olympic Promoter (UT755). The firm contract period is 4 years with further options for 4 x 1 year . The contracts have been entered into on market terms. The Olympic group of companies is an owner […]

  • 29 April 2016
    Business & Finance

    Olympic Shipping, a Norwegian owner and operator of offshore service vessels, has contracted its inspection, maintenance and repair ship Olympic Delta to an unnamed international client for a renewable energy project. The Olympic Delta will start its charter in August for a fixed period of 120 days plus options potentially extending the period to more than […]

  • 9 December 2016

    After months of talks with creditors Norwegian offshore vessel owner Olympic Ship has received restructuring support. “The company is pleased to announce that the discussions have been successful and that the company has now obtained support for a financial restructuring of the Group from key stakeholders of the Group,” Olympic Ship said on Friday. The […]

  • 24 May 2016
    Business & Finance

    Norwegian offshore shipping company Olympic Shipping has entered into a frame agreement with Canyon Offshore for the joint marketing and subsequent operation of the subsea construction vessel (SCV) Olympic Athene and Canyon’s ROV systems. Olympic said that the agreement would see the companies work together to secure utilization for the vessel and Canyon Offshore’s systems […]