Irish singer-songwriter Hozier recently managed to top the singles charts in Ireland, New Zealand, and the United Kingdom with the indie hit “Too Sweet”, which also peaked at number two on the Billboard Hot 100 in the US. The memorable chorus, “I take my whiskey neat, my coffee black and my bed at...
POSH
COLUMN | Quick Updates: Atlantica buys DOF’s supply vessel flip; Maersk sells anchor handlers; battery power drive gains momentum in UK and Norway; Ocean Infinity wins grant; more cable layers ordered [Offshore Accounts]
Last week we looked at Britoil’s acquisition of 30 offshore supply vessels (OSVs) from Vroon for a price we estimated to be in the region of US$239 million, and the acquisition of the Vroon Offshore Services management teams in Singapore and Italy. We noted how the Dutch Bank ING had foolishly cut a side deal […]
COLUMN | Yinson gets big in Brazil, while competitors bleed, and POSH quits Taiwan [Offshore Accounts]
Asian companies have taken a battering in the offshore industry downturn. Singapore’s Ezion and Ezra have gone into liquidation, Malaysian OSV builder and owner Nam Che ..
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COLUMN | No Saint’s Day: Pacific Radiance and ENAV, Keppel and Dolphin, Fisher’s blow-up [Offshore Accounts]
After the horror of Halloween comes the calm of All Saints’ Day, November 1, when the Catholic church commemorates all those saints, both known and unknown, who hav ..
COLUMN | Quick updates: Van Oord gets big and green, Asian cables frenzy, next round of Battle of the Subsea Robots, Borr’s big green plan, anchor handlers change hands, scrap price Brazilian rigs [Offshore Accounts]
After our diversion into Harbour Energy’s Carbon Capture and Storage plans last week and the abandonment of its 500-million-barrel Sea Lion discovery in the Falklands ( ..
ABS awards AIP to Singapore autonomous tug project
ABS has awarded approval in principle (AIP) to technology in an autonomous tug project by a partnership of Singaporean firms ST Engineering, POSH, and M1. The Smart Marit ..
COLUMN | Hunger Pangs: Pacific Radiance and ENAV; Ezion update [Offshore Accounts]
Two heavily indebted, Singapore-based companies, Pacific Radiance and Ezion Holdings, both announced progress with their restructurings last month, and both have committe ..
COLUMN | Prosafe and Floatel International: restructured but not safe yet? [Offshore Accounts]
Last week, Norwegian floating accommodation provider Prosafe finally announced (here) some good news, albeit not for its shareholders, who are about to be wiped out. Like ..
COLUMN | Sale of the century: DOF, Vroon, Swire, Maersk and POSH shrink too – Part two [Offshore Accounts]
In Part One (here) we looked at how the biggest names in the offshore sector, Tidewater and Bourbon have drastically shrunk their fleets in the face of pressure from ..
COLUMN | Sale of the century: Tidewater and Bourbon shrink, Hermitage auctioned? – Part one [Offshore Accounts]
King Julien, the Lemur leader in the cartoon franchise Madagascar, would be delighted. The ring-tailed primate famously liked to “move it, move it” (here). At last, ..