At OTC 2017, Secretary Zinke signs orders implementing new offshore energy strategy.
bosh...these OSV companies never really go out of business. bankrupt perhaps..,but completely gone. not!
Existing shareholders will receive 0.75% of the equity
What a wipe out...
The end is near.
The S&P Market for Offshore vessels in S.E.Asia is in the dolmdrums, as they are in the rest of the world: http://splash247.com/osv-market-values-please-sir-can/
Are there any similar estimation of price for the GoM market??
Dubai Gov. is doing it's part to help the struggling Marine industry in the Emirate: http://splash247.com/dubai-plans-1bn-shipping-fund/
Singapore has announced a similar fund earlier: http://www.straitstimes.com/business/offshore-marine-sector-gets-govt-financing-aid