Fincantieri hoovers up more Vard shares
Italian shipbuilder continues to absorb shares via market transactions taking stake to over 79%. Source: http://www.tradewindsnews.com
offshore
Restructuring drags down Olympic Subsea
Norwegian offshore owner hurt by financial costs in second quarter. Source: http://www.tradewindsnews.com
SAL Heavy Lift shuts down SAL Offshore
German group closes Dutch offshore operation in “challenging times”. Source: http://www.tradewindsnews.com
Falcon Energy gets nod on bond extension
Investors in struggling offshore company agree to push back redemption timeline until 2020. Source: http://www.tradewindsnews.com
NYSE scrubs NADL listing from big board
Move comes after John Fredriksen-led parent firm files for Chapter 11 bankruptcy protection. Source: http://www.tradewindsnews.com
Clarksons Research: OSV sentiment ‘fragile’
Market may have bottomed out, broker says, but 1,800 ships remain in layup. Source: http://www.tradewindsnews.com
SeaBird raising $13m in share sale
Restructured offshore owner wants more cash in the bank. Source: http://www.tradewindsnews.com
SeaBird raising $13m in share sale
Restructured offshore owner wants more cash in the bank. Source: http://www.tradewindsnews.com
Ezion plans second bondholder meeting
Singapore offshore vessel operator looks to update bondholders on latest refinancing proposals. Source: http://www.tradewindsnews.com
Detained PSV to be auctioned off
Scottish court clears sale of GOL’s Malaviya Seven to pay crew wages. Source: http://www.tradewindsnews.com