{"id":37507,"date":"2015-12-10T08:21:48","date_gmt":"2015-12-10T08:21:48","guid":{"rendered":"https:\/\/splash247.com\/?p=37507"},"modified":"2015-12-10T14:14:58","modified_gmt":"2015-12-10T14:14:58","slug":"dolphin-geophysical-on-the-brink-of-insolvency","status":"publish","type":"post","link":"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/","title":{"rendered":"Dolphin Geophysical on the brink of insolvency"},"content":{"rendered":"<p>Oslo-listed seismic vessel operator Dolphin Group has announced today that it may have no choice but to file for insolvency.<\/p>\n<p>Dolphin initiated talks with stakeholders last week over its debt issues but has failed to reach an agreement that will allow for a restructuring of the struggling company.<\/p>\n<p>&#8220;Without a firm solution accepted by the group&#8217;s main stakeholders, and in light of its financial situation, the board of directors of the company is of the opinion that the group&#8217;s current business cannot be continued as it is currently carried out,\u201d the company said in a statement.<\/p>\n<p>The board are currently looking for\u00a0alternatives, but cautioned: &#8220;Unless a sufficiently acceptable solution has\u00a0soon been reached with the group&#8217;s relevant stakeholders, the company will have no choice but to file for insolvent liquidation of the company.\u201d<\/p>\n<p>Late October, the first warning sign of problems came when <a href=\"\/?p=34074\" target=\"_blank\">Sanco Shipping served Dolphin with a notice of time charter termination<\/a> for the seismic vessels <em>Sanco Swift<\/em> and <em>Sanco Sword<\/em>. Dolphin were believed to be in charter default, having recorded a net loss of $15m in its second quarter results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Oslo-listed seismic vessel operator Dolphin Group has announced today that it may have no choice but to file for insolvency. Dolphin initiated talks with stakeholders last week over its debt issues but has failed to reach an agreement that will allow for a restructuring of the struggling company. &#8220;Without a firm solution accepted by the &hellip;<\/p>\n","protected":false},"author":4,"featured_media":34075,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ml_titleColor":"#000000","_ml_titleFont":"Roboto","_ml_titleFontSize":1.136,"_ml_titleFontWeight":"400","_ml_titleLineHeight":1.3,"_ml_metaColor":"#708090","_ml_metaFont":"Montserrat","_ml_metaFontSize":0.6785,"_ml_metaFontWeight":"400","_ml_metaLineHeight":0.92,"_ml_bodyColor":"#a9a9a9","_ml_bodyFont":"Open Sans","_ml_bodyFontSize":0.85,"_ml_bodyFontWeight":"400","_ml_bodyLineHeight":1.2,"_ml_wooPriceColor":"#666","_ml_wooPriceFont":"Open Sans","_ml_wooPriceFontSize":0.9,"_ml_wooPriceFontWeight":"400","_ml_wooPriceLineHeight":1.27,"_ml_headingColor":"#000","_ml_headingFont":"Merriweather","_ml_headingFontSize":2.02,"_ml_headingFontWeight":"700","_ml_headingLineHeight":1.47,"_mlglobal_userfontcolors":{"headingColorUser":[],"titleColorUser":[],"metaColorUser":[],"bodyColorUser":[],"wooPriceColorUser":[]},"_uag_custom_page_level_css":"","footnotes":""},"categories":[70,60],"tags":[103,106],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dolphin Geophysical on the brink of insolvency - Splash247<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dolphin Geophysical on the brink of insolvency - Splash247\" \/>\n<meta property=\"og:description\" content=\"Oslo-listed seismic vessel operator Dolphin Group has announced today that it may have no choice but to file for insolvency. Dolphin initiated talks with stakeholders last week over its debt issues but has failed to reach an agreement that will allow for a restructuring of the struggling company. &#8220;Without a firm solution accepted by the &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\" \/>\n<meta property=\"og:site_name\" content=\"Splash247\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/www.facebook.com\/Splash247\" \/>\n<meta property=\"article:published_time\" content=\"2015-12-10T08:21:48+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2015-12-10T14:14:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/10\/Dolphin-Sanco-Sword.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"600\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Grant Rowles\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@http:\/\/www.twitter.com\/ASMGrantRowles\" \/>\n<meta name=\"twitter:site\" content=\"@splash_247\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Grant Rowles\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\"},\"author\":{\"name\":\"Grant Rowles\",\"@id\":\"https:\/\/splash247.com\/#\/schema\/person\/cd5d89839ac4863282af9158bc0ad016\"},\"headline\":\"Dolphin Geophysical on the brink of insolvency\",\"datePublished\":\"2015-12-10T08:21:48+00:00\",\"dateModified\":\"2015-12-10T14:14:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\"},\"wordCount\":191,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/splash247.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/splash247.com\/wp-content\/uploads\/2015\/10\/Dolphin-Sanco-Sword.jpg\",\"keywords\":[\"Editor's Picks\",\"Norway\"],\"articleSection\":[\"Europe\",\"Offshore\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\",\"url\":\"https:\/\/splash247.com\/dolphin-geophysical-on-the-brink-of-insolvency\/\",\"name\":\"Dolphin Geophysical on the brink of insolvency - 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