SHUJAA 2000

General information

Course/Position

Latest news

OSA Goliath seized in Aruba

Creditors to the Mexican oil services company Oceanografia on Mar 14, 2014, have seized the "OSA Goliath" in Aruban waters, that was used as collateral for debt issued by the company. Norsk Tillitsmann, the Oslo-based trustee for some of Oceanografia's bonds was preparing to sell the ship to recoup funds for lenders. The Mexican company was at the centre of an alleged fraud that forced Citigroup to cut its 2013 profit. In February Citigroup uncovered at least $400 million in bogus loans to Oceanografia at its Mexican subsidiary, Banamex. Oceanografia had borrowed from Banamex using expected payments from Pemex as collateral. Mexico's government has taken control of Oceanografia and begun a criminal investigation. The FBI and the US Securities & Exchange Commission were investigating the transactions.

Position update

Working in Bay Of Campeche, installation and maintenance of oil platforms.