Atlantic Offshore declares bankruptcy

Atlantic Offshore declares bankruptcy

Having been sold on Tuesday to Aegopodium, a newly established company 100% owned by H Ogreid & Sonner, Atlantic Offshore declared itself bankrupt in Oslo on Friday.

Stine Snertingdalen of the law firm Kvale has been appointed by the court as trustee of the bankruptcy estate.

The OSV operator was sold for NOK16.9m ($2.07m) after earlier efforts to restructure were vetoed by bondholders.

Atlantic Offshore’s UK operations have already been put into a court appointed administration.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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