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Second IHC rescue close to finalisation

Second IHC rescue close to finalisation

by Mariska Buitendijk | Jan 2, 2023 | News, Ship design, Shipbuilding

Royal IHC has reached an outline agreement with banks, the government and HAL, reports Dutch newspaper FD. IHC plans to sell IQIP to HAL to pay off its debts with the banks and secure refinancing. It marks a second rescue of the Dutch shipbuilder. In...
Second IHC rescue close to finalisation

HAL may be willing to rescue IHC again by buying IQIP

by Mariska Buitendijk | Dec 12, 2022 | News, Ship design, Shipbuilding

After already being involved in the rescue operation that saved Royal IHC from bankruptcy in 2020, investment company HAL comes to the aid of the struggling Dutch shipbuilder once again. Allegedly, the investment company is now willing to buy IHC’s money-making...
Offshore drilling giant Seadrill granted moratorium again

Offshore drilling giant Seadrill granted moratorium again

by Mariska Buitendijk | Feb 11, 2021 | News

Less than three years after its previous moratorium, offshore drilling company Seadrill, owned by Norwegian shipping tycoon John Frederiksen, has again sought protection from its creditors. A Texas court has granted most of the group a moratorium under the US Chapter...

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