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Published on 9/29/2017 in the Prospect News Distressed Debt Daily.

GulfMark reports operating loss of $2.28 million on zero revenue

New York, Sept. 29 – GulfMark Offshore, Inc. reported a $2.28 million operating loss for August on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

That was a little smaller than the $2.78 million operating loss previously reported for July, also on zero revenue.

The net loss for August was $986,000, wider than July’s $299,000.

Cash at Aug. 31 was $2.62 million, down from $3.47 million as of July 31.

Houston-based GulfMark Offshore provides marine transportation services to the energy industry. The company filed bankruptcy on May 17 under Chapter 11 case number 17-11125.


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