Offshore
Royal IHC cuts 1,100 jobs in major restructuring
Dutch shipbuilder Royal IHC is laying off 1,100 employees as part of a major restructuringĀ Ā In order to return to profitability, the company is returning to…
Oil & Gas
Pacific Drilling latest rig operator to file for Chapter 11 bankruptcy
New York-listed Pacific Drilling is the latest rig operator to file for a voluntary Chapter 11 bankruptcy in the US to get out of a…
Peter Rondhuis to take over as CEO of Roll Group
PRESS RELEASE – Peter Rondhuis will take over as CEO of Roll Group per 1 January 2021. Peter Rondhuis succeeds Adriaan Aarts who is appointed…
Zeamarine closes offices in Denmark
Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being…
Restructuring
Zeamarine officially insolvent as restructuring continues
The German booking and operation offices Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering have come under court supervision while the restructuring of the Bremen-based MPV-operator…
Intermarine reopens for business with three Americas services
Intermarine has reopened its doors for business launching three services covering the US Gulf, the Caribbean and South America. Intermarine disappeared as a brand following…
Zeamarine restructuring
Intermarine brand revived as Zeamarine spins off US business
Intermarine has been resurrected as an independent shipping company as Zeamarine is spinning off its Americas business as part of the restructuring process announced in…
Fleet expansion
UHL confirms takeover of 11 Zeamarine vessels
United Heavy Lift (UHL) has taken over a total of 11 vessels from financially distressed Zeamarine. The German shipping company will take over nine new…
Restructuring
Zeamarine rumoured to offload at least 15 vessels
Zeamarine is rumoured to be offloading at least 15 vessels as part of the business restructuring announced last month. That corresponds to a quarter of…
Restructuring
Media: Zeamarine is disposing of vessels
Zeamarine is reportedly disposing of vessels to deal with its financial losses. The fast-growing shipping company last month announced that it has hired a restructuring…
Restructuring
Banks take control of Bourbon
A group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization…
Zeamarine in “period of re-establishment”
Zeamarine has responded to media reports following a managerial change at the company which sees insolvency expert Sven Lundehn take the position as chair of…
Restructuring
Zeamarine in serious trouble, calls in restructuring specialist
Zeamarine has gotten into severe financial problems and is rumoured to be losing millions. The company has hired a restructuring specialist to replace co-founder and…