Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go.Banks last week tool control of Polarcus' subsidiaries that own seismic vessels, with the subsidiaries in question being Polarcus Asima AS, Polarcus Alima AS, Polarcus Amani AS, Polarcus Adira AS…

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Hos Nordnet kan du handla från 0 kr i courtage. Klicka här för att följa aktiekursen i realtid Polarcus orders two new high-end 3D seismic vessels 18 Nov 2010. Polarcus extends vessel backlog into Q2 2011 9 Nov 2010. Third quarter report 2010 – solid Polarcus Limited (in provisional liquidation) (“Polarcus” or the “Company”) (OSE: PLCS) refers to the announcement issued on 11 March 2021 (Polarcus: Share Suspension) that the Joint 2021-03-31 · Polarcus Limited (in provisional liquidation) (“Polarcus” or the “Company”) (OSE: PLCS) announces that Nordic Trustee AS (the “Bond Trustee”) has issued a Summons to Bondholders of a Polarcus said it would continue to cooperate with lenders to bring current operations to an end safely. It has also reached out to its customers to inform that their vessels are longer available 2021-02-03 · Polarcus (OSE: PLCS) has revealed that it will shortly issue notices of termination of employment to all group employees.

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Polarcus said it will continue to co-operate with the lenders and the new managers of its fleet “to bring current operations safely to an end”. The company is also communicating with its clients in relation to upcoming contracts for which the vessels will no longer be available.

According to Polarcus, these actions are estimated to realise an additional annualised reduction in the company’s operating costs of more than $7m. 20 hours ago Polarcus has secured an XArray 3D marine seismic acquisition project in West Africa. The project is planned to start in October 2020.

Polarcus Third Quarter 2020 Presentation. Published on 10%. *Source: Polarcus share of 3D high-end seismic active global fleet (Q4 2020) View all news

The transaction is expected to complete in Q2 2021. V.T. is currently on a long-term bareboat charter to the seismic division of Polarcus, which provides seismic survey services to oil and gas companies, last week said that lenders had "made it clear to the company that their intention is not to jeopardize or destabilize the Polarcus organization," and that that they were "open to entering into a standstill period which will allow continued operations and awarded projects to be undertaken without disruption and discussions are underway in this regard." Polarcus News: This is the News-site for the company Polarcus on Markets Insider Polarcus Limited (in provisional liquidation) (" Polarcus " or the "Company") (OSE: PLCS) refers to the announcement issued on 2 February 2021 concerning, among other matters, the status of discussions with its bank lenders ("Lenders") following the Lenders' enforcement of certain security interests on 26 January 2021. Polarcus, a provider of seismic services in the offshore sector, is the latest company to succumb to the prolonged downturn in the sector and the pressures from the COVID-19 pandemic. The company’s lenders instructed Polarcus to bring operations to an end and sail six of the company’s vessel to a safe port to prepare for a sale.

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I guess that this has drawn a lot of new attention. I have not seen any other real news from the company. Läs mer på www.swedbank.se https://news.cision.com/se/swedbank/r/inbjudan-till-presentation-av-swedbanks-delarsrapport-januari---mars-2021,c3325212 visit, arcticpaper.com https://news.cision.com/se/arctic-paper/r/arctic-paper-s-a--q4--2020---preliminart-resultat--gott-resultat-och-starkt-position-i-turbulent-tid Polarcus Limited (in provisional liquidation) (“Polarcus” or the “Company”) (OSE: PLCS) refers to the announcement issued on 11 March 2021 (Polarcus: Share Suspension) that the Joint Polarcus Limited (in provisional liquidation) (“Polarcus” or the “Company”) (OSE: PLCS) refers to the announcement issued on 10 July 2020 announcing an award of a project in Asia Pacific.

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Utöver förfogar och äger Polarcus ett flertal seismiska 3D fartyg. 2021-02-02 · Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to the announcements issued on 26 January 2021 concerning the enforcement of share pledges over the Former Subsidiaries. Polarcus will continue to co-operate with the Lenders and the New Managers on their instructions to bring current operations safely to an end.