Shipping
2,000 redundancies at Maersk, Safmarine and Damco cease to exist
Maersk is laying off 2,000 employees as a result of the large-scale reorganisation that started at the beginning of September. The end of Damco had…
Oil & Gas
Shell to write off 20 billion dollars in assets, plans major reorganization
Royal Dutch Shell is preparing a major reorganization in response to the new oil crisis, which sees the company write off at least 20 billion…
Restructuring
Banks take control of Bourbon
A group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization…
Oil&Gas
Bourbon receives four takeover offers, extends deadline
Bourbon Corporation has received four takeover offers since the holding company suspended its listing and started a reorganization procedure to deal with its severe financial…
Oil&Gas
Total awards Bourbon logistics contract in Namibia
Total E&P Namibia has selected Bourbon Marine & Logistics to support a deep offshore exploration campaign in South Namibia in 2020. The contract is a…
Reorganization
French banks want to buy troubled Bourbon
A group of French Banks have placed a takeover offer to buy the also French and insolvent OSV giant Bourbon. The financially troubled company this…