Report: Hercules Offshore may emerge from bankruptcy next month


HOUSTON — Hercules Offshore may become the first big Gulf of Mexico maritime company to emerge from the wave of bankruptcies that followed the oil price slump, Bloomberg News reported. On Thursday, a federal bankruptcy court in Wilmington, Del., accepted the Houston-based company's reorganization plan. Hercules, with a fleet of 27 jackup rigs and 19 lift boats, may emerge from bankruptcy by the end of October. 

Click here to view the Bloomberg News story.

By Professional Mariner Staff