Royal IHC has published its delayed Annual Report 2021 and reports a net loss of € 63.4 million. Although a significant improvement to 2020 and with a restructuring programme underway, it now all comes down to the shipbuilder being able to land new orders for large...
After already announcing the company would fall into the hands of banks to reduce its debt load a year ago, shipping company Vroon has now presented its plans for a major restructuring. Part of the plan involves the sale of forty offshore support vessels as well as a...
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...
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...
Dutch multinational Fugro intends to issue EUR 250 million worth of shares in order to strengthen its financial position. An expiring credit facility of EUR 575 million will be refinanced for EUR 425 million. The plans are to help the company move away from the oil...
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