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  • GulfMark Files for Bankruptcy Protection to Cut Debts
    Zacks2 months ago

    GulfMark Files for Bankruptcy Protection to Cut Debts

    GulfMark Offshore, Inc. filed for Chapter 11 bankruptcy protection on May 17 in order to restructure its balance sheet amid the plunging oil prices.

  • American City Business Journals2 months ago

    Update: Houston offshore co. files Ch. 11 to eliminate $430M of debt

    The filing does not include any of GulfMark's subsidiaries, according to a May 17 press release . Houston-based GulfMark Offshore Inc. (GLFM) plans to voluntarily file for Chapter 11 bankruptcy protection this month now that it’s reached a restructuring support agreement. The bankruptcy filing is expected on or before May 21, and the company plans to continue operations throughout the process.

  • American City Business Journals4 months ago

    Houston offshore services co. gets delisting warning from NYSE

    The New York Stock Exchange recently warned Houston-based GulfMark Offshore Inc., which provides marine transportation services to the energy industry, is at risk of being delisted due to the low price of its shares. The company plans to tell the NYSE, within 10 business days from the March 27 notice, how it plans to boost its stock. The NYSE will start suspension and delisting procedures if the company's average global market capitalization is less than $15 million over a consecutive 30 trading-day period.