Pacific Drilling latest rig operator to file for Chapter 11 bankruptcy
Oil & GasNew 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 major debt. Several other rig operators have made a similar move...Read more
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 to the supervisory board of Roll Group. Together with Martine...Read more
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 sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier...Read more
Zeamarine officially insolvent as restructuring continues
RestructuringThe 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 continues, meaning the company is officially insolvent. In the first official...Read more
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 a merger with Zeaborn to form Zeamarine in 2018. The...Read more
Intermarine brand revived as Zeamarine spins off US business
Zeamarine restructuringIntermarine has been resurrected as an independent shipping company as Zeamarine is spinning off its Americas business as part of the restructuring process announced in December. The company will be managed by Richard Seeg, who...Read more
UHL confirms takeover of 11 Zeamarine vessels
Fleet expansionUnited Heavy Lift (UHL) has taken over a total of 11 vessels from financially distressed Zeamarine. The German shipping company will take over nine new eco-friendly heavy-lift vessels and two smaller ships on time charter...Read moreZeamarine rumoured to offload at least 15 vessels
RestructuringZeamarine is rumoured to be offloading at least 15 vessels as part of the business restructuring announced last month. That corresponds to a quarter of its current 67-vessel fleet. The vessels will likely join the...Read moreMedia: Zeamarine is disposing of vessels
RestructuringZeamarine 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 specialist to take over the management of the company and...Read more
Banks take control of Bourbon
RestructuringA 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 process has come to an end. Bourbon had received at least...Read moreZeamarine 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 the board. Lundehn has been called in to oversee “a...Read more