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GOL Offshore: In deep trouble
Apr 03:   GOL Offshore seems to have run into serious financial trouble subsequent to the downturn in the offshore vessel supply market
8The company's offshore platform supply vessel -- Malaviya Seven -- has been detained by the Scottish authorities on the request of the International Transport Workers' Assocaition for non-payment of salaries to its crew
8Authorities are now applying to a local court to sell off the vessel in order to pay off dues.
8A similar incident happened earlier with another of GOL's vessels -- Malaviya Seventeen -- before the vessel was eventually released
8Not being able to pay wages for several months on a running vessel is gaining unneeded notoriety for GOL Offshore.
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