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Glass is either half full or half empty-I: Offshore service provider faces liquidation
Oct 04: The glass is either half full or half empty, depending upon how you look at the picture
8The website carries here the details of a large offshore oil and gas service provider with a portfolio of high-tech liftboats, rigs, OSVs, tugs & LCTs and barges, who is struggling to survive in a depressed market place.
8The company is unable to service its debt and is looking for lenders or investors who can buy into the company.
8It faces the prospect of liquidation even though it has an asset portfolio that can really do well once the market turns.
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