Scorpio's offshore company files for Chapter 11 in the US

Scorpio-controlled Hermitage Offshore was unable to find a solution with its lenders. The company, and its 28 subsidiaries, has now filed for bankruptcy protection in the US to reorganize the company.

The sudden drop in the oil price and the coronavirus outbreak created negative conditions for offshore companies. Many oil projects have been put on hold and there continues to be an oversupply of vessels in the market. Photo: Bloomberg/Bloomberg

Log in to read our articles

Welcome to ShippingWatch. A part of our content is exclusive and reserved for our users.

Try ShippingWatch for 14 days.

Get a trial subscription here.

Do you want a trial subscription with multiple users for yourself and your colleagues?

Read more about your options and find the contact information to our sales team here.

Related articles

Latest news


See all

See all