DNB, SEB returning most of seized cash to Hermitage Offshore accounts
Scorpio-backed owner and lenders hashing out terms for collateral use as Chapter 11 case moves forward
offshore
DNB, SEB seized $3.4m from Hermitage Offshore accounts on same day as Chapter 11 filing
Management of Scorpio-backed company has been negotiating to sell its vessels
Teekay Corp FPSO heading to scrapyard after North Sea service
Teekay Corp joins gas carrier and tanker owning affiliates in returning to profit
Months-long impasse with DNB led Hermitage to file for reorganisation with fleet $40m underwater
Scorpio-backed owner found a solution with DVB Bank but not with main lenders
Impairments drag down MISC second quarter profit by 60%
Malaysian shipowner forecasts further weakness ahead for all its major divisions due to Covid-19
Temasek preserving Keppel cash for other Covid-19 casualties, says analyst
State-backed fund already committed to hefty support for Singapore Airlines and Sembcorp Marine
NYSE takes first steps to yank Hermitage Offshore listing following Chapter 11 move
Scorpio-backed offshore vehicle seeking reorganisation in New York
Singapore circuit breaker takes its toll on Kim Heng results
Company suffers from lack of staff as foreign workers are kept in living quarters by pandemic
Hermitage Offshore files for reorganisation under US Chapter 11 bankruptcy law
Scorpio-backed company was unable to come to an agreement with its creditors
Hermitage Offshore sells both its anchor handlers amid crisis
The two ships are said to be worth about $8m combined