Sea Trucks placed under provisional liquidation

The Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands has placed Sea Trucks Group into provisional liquidation, appointing Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting as joint provisional liquidators. Nevertheless, senior management at the offshore firm maintains it has a strong future ahead.

Sea Trucks Group is an international group of companies that provides offshore installation, accommodation and marine support services to the oil and gas industry worldwide.

Griffin, the joint provisional liquidator, commented: “The provisional liquidation will provide stability and Court protection, to create a platform to maximise value.”

Tom Ehret, executive chairman of the group, commented: “The appointment of provisional liquidators has no impact on the group’s operations; the management team remain at the helm and look forward to working with our loyal customers to continue to develop our successful trading relationships.”

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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