Latest news from Heavy Lift & Project Forwarding International Magazine

Tidewater gets court approval

July 17 - The United States Bankruptcy Court for the District of Delaware has confirmed the Second Amended Joint Prepackaged Chapter 11 Plan of Reorganization for Tidewater, the US provider of larger offshore service vessels to the global energy industry,

 "We are very pleased that the court has confirmed our plan within a relatively short time frame," said Jeffrey M. Platt, Tidewater's president and chief executive officer.

"The substantial deleveraging of our balance sheet through the recapitalisation contemplated by the plan, as well as our strong liquidity position, should reassure our customer and vendor base of our ongoing ability to perform our contracts and meet our obligations while we weather the continuing headwinds in the offshore energy industry.

"Additionally, this restructuring will position us to consider possible targeted acquisition opportunities in an industry where consolidation is to be expected. We are working hard to complete the remaining steps necessary to emerge from bankruptcy by the end of this month."

Heavy Lift | News

Hulst steps up at Pecém thumbnail image

Hulst steps up at Pecém

July 22 - Corné Hulst has been named as operational director at the port of Pecém, Brazil.
Views: 162
Sims Crane appoints Lester thumbnail image

Sims Crane appoints Lester

July 19 - Florida’s Sims Crane & Equipment has named Jared Lester as its business development manager. 
Views: 554
ITI and FHS to open Florida training centre thumbnail image

ITI and FHS to open Florida training centre

July 19 - Florida Handling Systems (FHS), a Mazzella Company, and Industrial Training International (ITI) have confirmed that they will develop a training centre in Bartow, Florida.
Views: 556

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