rss icon Subscribe
desktop mobile

Bourbon Receives Takeover Offer

A bourbon offshore support vessel underway (File image: CREDIT Bourbon)

French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was impacted by volatile energy markets, said it had received a takeover offer for its assets.

"As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer," Bourbon said in a statement on Wednesday.

"This offer - made by a company owned by a group of French banks - concerns assets and activities of Bourbon Corporation," it added.

Reporting by Sudip Kar-Gupta

Oct 9, 2019

 

Contracts

Baltic Index Sags as Rates Slip

AdobeStock / Credit © Lidian Neeleman

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk

Exxon, Trafigura Tap Lower Freight Rates

A VLCC loads crude oil in the port of Corpus Christi, TX (File image / credit Port of Corpus Christi)

U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as

MSC Cruises Returns to Thordon to Keep Seashore Clean

Photo: Thordon Bearings

Thordon Bearings has received an order to supply a water-lubricated propeller shaft bearing

Legal

Singapore Company Fined for Illegal Scrapping Attempt

Harrier, previously named Tide Carrier was detained after suffering an engine failure and started to drift outside Jæren in Rogaland. (Photo: Kystverket)

A Singapore company has paid a NOK 7 million ($763,000) fine after it was caught trying to

USCG Announces Key Changes to NVIC's

file image: USCG

The Office of Merchant Mariner Credentialing published changes to five Navigation and Vessel

DOJ: Failure to Report Hazardous Condition

AdobeStock / © Renaschild

Two shipping companies incorporated in Liberia pled guilty today in federal court in Wilmington

Maritime Apps