US offshore supply and multi-purpose support vessel player Harvey Gulf International Marine has reportedly filed for Chapter 11 bankruptcy at a Houston court on Wednesday.
The company owns more than $1 billion to several creditors; it has already come to an arrangement with members of the group to reduce its debt in return for shares when the company exits bankruptcy, while others will be fully paid.
Harvey Gulf International Marine operates more than 50 vessels in its fleet.
The company is the first US vessel operator to order vessels capable of operating exclusively on liquefied natural gas (LNG).
It is also currently constructing the first LNG marine fuelling facility in the United States to be located at its vessel facility in Port Fourchon, LA.
Photo credit: Harvey Gulf International Marine
Published: 9 March, 2018
MT Absolute I is an 8,646 dwt bunker tanker capable of carrying three grades of fuel; she has been chartered to BP to supply bunkers to customers in Fremantle.
As a result of demonstration, the captured carbon dioxide (CO2) from “Corona Utility” had a purity of more than 99.9%, which is in line with the planned performance.
The meeting for Hontop’s creditors is to be held electronically on Thursday (5 November) at 3.00 pm to update on the status of Judicial Management.
New barge will be a sister vessel to the liquefied natural gas (LNG) bunker barge Clean Canaveral which will be delivered to affiliate Polaris in mid-November.
‘MFM is more than just MFM,’ says spokesman of Singapore accredited bunker supplier.
Bunkering, inward/outward clearance of vessels, crew handling and more part of contract renewal.
‘We are here to transfer the extremely valuable knowledge gained over the past six years to the maritime sector, such that our customers are comfortable in the use of such biofuels,’ states CEO Olivier Baiwir.
Newly appointed Anthony Mollet speaks to Manifold Times about his role, vision, value proposition and plans for the Marine Fuels Alliance to become a wide-reaching and engaging bunkering industry association.
SFP will be retrofitting VPT’s existing bunker vessel with its Full Electric Ready (FER) system and seeks to commission the vessel in the second quarter of 2022, CEO of SFP George Lee tells Manifold Times.
Equatorial Marine Fuel Management Services, Oldendorff Carriers, Lloyd’s Register and organisers took part in a Bunker Quality Claims Webinar moderated by Manifold Times on 10 November.
‘Though it did introduce temporary commercial and operational disruptions, we took a constructive view of the situation and chose to use this event as a learning opportunity,’ shares a Consort Bunkers spokesperson.
Gealubes Consulting & Trading, the authorised marine business distributor of PANOLIN EALs at Singapore port, shares a two-part education series on Environmentally Acceptable Lubricants on Manifold Times.
30 Nov 2021
