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Gulfmark Offshore Inc News

16 Mar 2021

Tidewater Names CFO, COO

U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively.Rubio has been promoted to Executive Vice President and Chief Financial Officer, following his accomplishments serving as the Company’s Chief Accounting Officer and Controller since joining Tidewater following the combination with GulfMark Offshore, Inc. in 2018. Prior to joining Tidewater he served as GulfMark’s Senior Vice President and Chief Financial Officer, after holding the position of Chief Accounting Officer for over 10 years.

06 Aug 2018

Harvey Gulf Proposes Merger with GulfMark

(File photo courtesy of Shell)

New York listed offshore services provider GulfMark Offshore, Inc. said it is reviewing an unsolicited merger proposal from rival HGIM Corp. (Harvey Gulf), just weeks after entering a definitive agreement to merge with larger rival Tidewater Inc.Harvey Gulf’s nonbinding competing offer submitted August 1 proposes that it be acquired by GulfMark and the combined company remain publicly listed. GulfMark common stockholders would own 41.2 percent and Harvey stockholders would own 58.8 percent of the combined company…

16 Jul 2018

Tidewater and GulfMark Announce Merger

(File photo: Tidewater)

Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.The combined company will be operated under the Tidewater brand and will be led by Tidewater president and CEO John Rynd, with the industry’s largest fleet and the broadest global operating footprint in the OSV sector…

21 Mar 2018

Darling, Parker join Tidewater

Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience, most recently as Senior Vice President and Chief Human Resources Officer for Gulfmark Offshore, Inc., where he was the Human Resource Director since 2007. Prior to Gulfmark, he served in executive human resources roles with Rigdon Marine and a subsidiary of Ford Motor Company. Darling has additional offshore vessel industry experience as a Vessel Master and Operations Manager.

17 Nov 2017

GulfMark Sails Out of Bankruptcy

File photo: GulfMark Offshore

GulfMark Offshore, Inc. said it has completed its financial restructuring plan and emerged from bankruptcy protection under chapter 11 of the U.S. Bankruptcy Code. The company’s court-approved reorganization plan went into effect November 14, 2017, and converts approximately $429.6 million of outstanding bonds into equity, and raises approximately $125 million of new equity capital. “GulfMark is now positioned as one of the best capitalized companies in the global offshore industry,” said Quintin Kneen, President and Chief Executive Officer.

19 Apr 2016

Long Joins SEACOR Holdings as Executive VP

SEACOR Holdings Inc. has appointed William “Bill” C. Long as the company's Executive Vice President, Chief Legal Officer and Corporate Secretary, effective immediately. He will report directly to Charles Fabrikant, SEACOR's Executive Chairman and Chief Executive Officer. Long brings to SEACOR more than 20 years of business and legal experience with publicly-traded companies. Prior to joining SEACOR Holdings, Long served as Senior Vice President, General Counsel and Secretary of GulfMark Offshore, Inc., and previously spent more than 17 years with Diamond Offshore Drilling, Inc., where he was Senior Vice President, General Counsel and Secretary.

19 May 2015

Seaspan Marine Names Reynolds President

Bart Reynolds (Photo: Seaspan)

Bart Reynolds has been hired to take over as president of Seaspan Marine, the company announced today. Appointed to lead Seaspan’s Marine Division, Reynolds joins the company with more than 20 years of experience in leadership positions and senior management. In the last 15 years, Reynolds has held positions in the offshore supply boat business in the United States, West Africa, the Mediterranean and Latin America, most recently serving as Vice President, Americas at GulfMark Offshore Inc. Prior to that, he worked at Tidewater Marine LLC as Area Manager, U.S. Operations.

26 Sep 2013

MCP and Gulf Offshore Claim Mobile First in North Sea

Maritime Communication Partner (MCP) has signed a three-year contract with leading offshore shipping operator Gulf Offshore Norway, owned by GulfMark Offshore Inc. The deal provides three vessels, all of which operate on the Norwegian Continental Shelf, with solutions enabling seamless mobile phone coverage and internet access. MCP is the first firm to offer this custom-made offshore solution to vessels operating in the North Sea. MCP, an established leader in the mobile communications market for cruise and ferry operators, is now bringing its expertise and proven global network capabilities to the offshore segment. Its new solution allows crews to communicate at sea as they would on land.

19 Sep 2013

GulfMark Offshore Elects Two New Board Members

GulfMark Offshore, Inc. (NYSE:GLF) has announced the election of Steven W. Kohlhagen and Charles K. Valutas to its Board of Directors for terms expiring in June 2014. Steven W. Kohlhagen is a retired financial executive who brings to the Board expertise in financial accounting, finance and risk management through his extensive experience in, and knowledge of, the financial, securities and foreign exchange markets. He has held various positions in the private sector, including investment banking, asset management, and most recently as a consultant with AMETEK, Inc. He currently serves on the Board of Directors, the Business and Risk Committee and the Compensation Committee of Freddie Mac. He also serves on the Boards of Directors for Abtech Holdings, Inc., Reval Inc.

23 Jul 2013

GulfMark Offshore Rack Up Q2 2013 Profit

Image courtesy of GulfMark

GulfMark Offshore, Inc. (NYSE:GLF) announce its results of operations for the three- and six-month periods ended June 30, 2013. For the second quarter ended June 30, 2013, revenue was $111.3 million, and net income was $9.9 million, or $0.38 per diluted share. The quarterly results include a non-recurring, non-cash charge of $2.4 million ($1.6 million net of tax, or $0.06 per diluted share) for the acceleration of vesting of outstanding stock grants associated with the retirement of the Company's former CEO, and earnings before this special item was $0.44 per diluted share.

03 Jun 2013

GulfMark Offshore Appoints CFO

GulfMark Offshore, Inc. announced that it has appointed James (Jay) M. Mitchell as Executive Vice President and Chief Financial Officer (CFO). Mr. Mitchell replaces Quintin Kneen who, as previously announced, will assume the role of President and Chief Executive Officer (CEO) on June 4. Mr. Mitchell brings over two decades of energy background to GulfMark, including past executive roles as a private company CEO and a public company CFO. His experience includes strategic planning, mergers and acquisitions, finance, accounting, treasury, taxation, risk management and investor relations. His most recent experience was as CEO of the privately held Flex Energy. Previously, Mr.

15 Feb 2013

GulfMark Offshore Announces Retirement of Bruce Streeter

GulfMark Offshore, Inc. (NYSE:GLF) announced managerial retirements and promotions. Mr. David Butters, Chairman of the Board of GulfMark Offshore, announced that Bruce Streeter has elected to retire from the Company as an officer and director effective at our Annual Stockholders Meeting on June 4, 2013. Bruce has led the Company for 23 years since its inception as President and Chief Executive Officer. The Board thanks him for his years of service during which the Company grew from 11 ships to our current fleet of 70 ships. Mr. Butters said, "We all are indebted to Bruce for his many years of contributions. Mr. Butters also announced that Quintin Kneen, the Chief Financial Officer, would assume the additional role of President and Chief Executive Officer. Mr.

31 Aug 2011

GulfMark Orders Three PSVs from Poland

GulfMark Offshore, Inc. (NYSE: GLF) announced the initiation of a vessel construction program. The first three vessels in the program will be built by Remontowa Shipbuilding SA in Gdansk, Poland, and consists of two 1000 square meter deck area platform supply vessels of the MMC887CD design and one MMC879CD design with a deck area of over 800 square meters. These large and technologically advanced vessels have been designed to meet the demanding requirements for supporting deepwater and harsh environment activities, and are expected to operate in the North Sea market. The first MMC887CD vessel is expected to be delivered in the second quarter of 2013. The second MMC887CD vessel and the MMC879CD vessel are expected to be delivered in the third quarter of 2013.

14 Apr 2011

Rigdon Joins Terresolve Board of Directors

Terresolve Technologies, Ltd. announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association. “Larry’s very broad business experience will be a real asset to Terresolve,” said Mark Miller, the company’s CEO. “He has done some amazing things including raising significant venture capital and growing and running a business worth several hundred million dollars. His experience in the marine industry, which is one of our target markets, will prove invaluable. Rigdon founded the Houston-based Rigdon Marine Corporation in 2002 and served as its CEO and Chairman until retiring from the company in 2008.

13 Apr 2011

Larry Rigdon Joins Terresolve Technologies Ltd.’s Board of Directors

Mentor, OH, March 31, 2011 – Terresolve Technologies, Ltd. today announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association. “Larry’s very broad business experience will be a real asset to Terresolve,” said Mark Miller, the company’s CEO. “He has done some amazing things including raising significant venture capital and growing and running a business worth several hundred million dollars.

29 Oct 2010

GulfMark Offshore Q3 2010 Operating Results

GulfMark Offshore, Inc. announced the results of operations for the three- and nine-month periods ended September 30, 2010. For the three months ended September 30, 2010, revenue was $94.5 million. Net income for the same period was $19.2 million, or $0.75 per diluted share. The results for the quarter ended September 30, 2010, include a gain of $5.2 million, or $0.21 per diluted share, on the sale of the 1998-built North Traveller, a PSV operating in the North Sea. Revenue for the third quarter of 2010 was $94.5 million, an increase of 2%, or $1.7 million, over the second quarter of 2010. Average day rate in each of the three operating segments increased on a sequential quarterly basis; however, utilization was lower in all three regions for the same period.

06 Jan 2010

Gulf Offshore Selects CapRock VSAT

CapRock Communications announced a three-year contract with Gulf Offshore – a wholly owned subsidiary of GulfMark Offshore Inc. – to deploy its broadband maritime service, SeaAccess Communications, onboard its fleet operating in the North Sea and along the coast of Africa. SeaAccess’ VSAT (Very Small Aperture Terminal) services will enable GulfMark to extend its corporate IT network and applications to its vessels and provide onboard crew morale services. The GulfMark Group operates significant fleets in the North Sea, Southeast Asia and the Americas. Having evolved into a global marine transportation provider focused on the continuous development of its technologically advanced fleet, deploying the always-on VSAT service is a natural extension of its mission.

11 Jun 2009

Bender Fights Bankruptcy

Bender Shipbuilding & Repair, based in Mobile, Alabama, said that a petition has been filed to put the company into involutary bankruptcy. The company had yet to be served, but it did say that it is in contractual disputes with two of the three creditors who filed the petition, including GulfMark Offshore Inc. Bender disputes GulfMark's claims and believes that the petition is invalid. "It is unfortunate that GulfMark has chosen to go this route," said Tom Bender, president and CEO of Bender, in a prepared release. "I am optimistic that the involutary petition will be dismissed quickly."

28 Apr 2009

GulfMark Offshore Reports 1Q

GulfMark Offshore, Inc. (NYSE:GLF) announced results of operations for the three months ended March 31, 2009. Net income for the first quarter of 2009 was $14.2 million, or $0.56 per diluted share. Excluding special items, which net to $0.76 per diluted share and which are detailed further below, earnings per share for the first quarter of 2009 was $1.32 per diluted share. Revenue for the first quarter of 2009 was $108.8 million, an increase of 30.5% over the same period in the prior year. Operating income, excluding special items, was $43.2 million in the first quarter of 2009, an increase of 25% over the same period in 2008. GulfMark Americas, which was acquired on July 1, 2008, contributed revenue of $36.3 million during the first quarter and operating income of $15 million.

30 May 2008

GulfMark Offshore to Acquire Rigdon Marine

GulfMark Offshore, Inc. announced it had entered into a definitive purchase agreement to acquire Rigdon Marine Corporation (RMC), a major operator of technologically advanced offshore supply vessels. The purchase will add the RMC management team, an experienced group of mariners and a fleet of modern vessels designed to support the expanding demand in the deepwater . The combined company will initially operate 90 vessels with an additional 16 vessels under construction for delivery through 2010.

23 Jul 2004

GulfMark To Redeem 8.75% Senior Notes Due 2008

GulfMark Offshore, Inc. 2008 that remain outstanding on the redemption date,August 23, 2004. The redemption price is 102.917% of the principal amount of the Notes, or $1,029.17 per $1,000 principal amount of Notes, plus interest accrued and unpaid to the redemption date. solicitation for the Notes. Indenture relating to the Notes. tender offer and consent solicitation. 30, 2004, unless the offer is extended. unpaid interest.

01 May 2002

GulfMark Reports First Quarter Results and New Contract

GulfMark Offshore Inc.announced record net income for the first quarter of 2002 of $5.4 million, or $0.62 per share (diluted), on revenues of $29.8 million. This compares to net income of $2.6 million, or $0.31 per share (diluted), on revenues of $21.9 million in the first quarter of 2001. Bruce Streeter, president and COO of the Company, said, "We are very pleased with the results of the first quarter. Despite the usual seasonal slowdown and the lay-up of one of our smallest PSVs in the North Sea (the Highland Legend), the first quarter not only outperformed the first quarter of 2001 by more than 100%, it outperformed our previous first quarter record set in 1998 by approximately 55%.

29 Oct 2007

Keppel Delivers Sea Cheyenne for Gulfmark

Keppel Singmarine Pte Ltd (Keppel Singmarine), a wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), has delivered an Anchor Handling Tug/Supply (AHTS) vessel to Gulfmark Offshore Inc (Gulfmark) on schedule. The 140-ton bollard pull vessel was christened Sea Cheyenne by Rex Carroll Ross, wife of Rex Ross, Director of Gulfmark Offshore, at a naming ceremony on October 27, 2007. This is the third of eight vessels which Keppel Singmarine is building for the company since 2003. The design of the vessels is developed by Marine Technology Development (MTD), the ship design and development arm of Keppel O&M. Gene Leech, Executive Vice-President of Gulfmark Offshore, said, “Keppel Singmarine has once again delivered their vessel to us on time and to our full satisfaction.