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Harvey Gulf International Marine files for bankruptcy

09 Mar 2018

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
 

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