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.”
