268:
and by the late 1960s the company was one of the leading job suppliers in the county. With the decline of wooden hulls in the 1970s, the conmpany struggled to restructure their operations to meet modern demands for steel and aluminium hulls, leading to financial difficulties by the end of the decade. In 1982, two daughter companies were formed, Eide Marine Tech and Eide
Contracting, in an attempt to restructure and delegate some of the companies assets and operations. Despite these efforts, main company Georg Eides Sønner was forced to declare bankruptcy in 1983.
22:
213:
332:
In the following years, the company suffered heavy deficits due to lack of long-term contracts, failed investments and high running costs of their many vessels, the majority of which were inactive. In 2015, the company reported a 90 million NOK deficit, nearly 300 million less than 2014. In 2016, a
267:
and
Gerhard Eide. Named in honour of their late boatbuilder father, Georg Eide Sr. (1896-1951) also a shipbuilder, the company focused on building wooden hulled boats for the fishing industry, which were still the most common vessels in rural Norway. During the first decade, the company grew fast,
325:) of revenue until 2020. However, the contract was cancelled in 2012 when Lupatech underwent a restructuring, leading to substantial losses for Eide Marine, who had already completed 70% of the work on two of the ten vessels ordered. The two partially constructed vessels were eventually sold to
344:
In
February 2017, the company once again entered the media spotlight when the cargo vessel "Eide Carrier" - since sold and renamed "Tide Carrier" - lost engine power and almost ran aground en route to the Indian Ocean, with allegations of attempts to illegally salvage the ship in Pakistan.
308:
had devastating effects on the maritime and shipping industries, nearly forcing to company into bankruptcy in 2007, after what Georg Eide described as "badly timed investments" shortly before the crisis. One of these investments was the procurement of the cargo vessel "Eide
Carrier",
336:
On 30 September 2016, the company filed for bankruptcy, reporting an outstanding debt of at least 500 million NOK and a predicted revenue of almost -100 million NOK for the fiscal year 2016. The following month, Norwegian maritime firm
288:
the following year. In the 1990s and 2000s, the company gradually shifted their main operations towards the marine salvage market and offshore investments, with notable operations including the raising and salvage of
242:. The company was founded in 1992, after the restructuring and merging of Eide Contracting and Eide Marine Tech. Following several years of deficits, aggravated by the long-term effects of the
313:. By 2009, the company was again managing a small profit, and in June 2010, the company announced the signing of a long-term contract to produce maintenance ships for Brazilian firm
185:
Transport and
Logistics, heavy lift operations, salvage, installation and maintenance of subsea equipment and wind turbines offshore, concept development, design and engineering
238:
is a defunct marine salvage and offshore investment firm based in Norway, specializing in transport, logistics and heavy lift operations. The company has its headquarters in
481:
333:
large number of employees were let go in an attempt to stabilize the economy, but by August that year, the company were forced to apply for credit extensions.
431:
51:
476:
471:
276:
Despite efforts to stabilize the finances of the company the struggles continued into the 1990s, and in 1992, the companies were merged into
442:
453:
305:
243:
91:
67:
341:
completed the purchase of the estate, with plans to continue operations of the shipyard and some of the transport work.
297:
in 2001. In 2004, the company was once again in the media spotlight during the highly publicized capsize and raising of
409:
43:
384:
47:
285:
310:
56:
420:
294:
121:
32:
290:
298:
36:
338:
200:
314:
71:
60:
318:
216:
371:
117:
301:
in 2004, cementing their status as one of the leading salvage experts in
Scandinavia.
465:
264:
195:
396:
239:
169:
173:
385:
http://innsida.no/nyhende/nye-kontraktar-til-eide-marine-services-1.5361579
113:
326:
397:"PRESSEMELDING FRÅ EIDE MARINE SERVICES AS | høylandsbygd.no"
280:, the restructuring of which included selling the main shipyard,
322:
15:
361:
Radio interview with Georg Eide, NRK Hordaland, June 19, 2010
311:
who would attract significant media coverage ten years later
54:
and tools are available to assist in formatting, such as
227:
246:, the company filed for bankruptcy in September 2016.
223:
207:
189:
179:
165:
150:
135:
127:
109:
317:, at the time estimated to generate 6.3 billion
8:
104:
35:, which are uninformative and vulnerable to
50:and maintains a consistent citation style.
103:
92:Learn how and when to remove this message
482:Norwegian companies established in 1993
354:
7:
42:Please consider converting them to
263:, was founded in 1955 by brothers
14:
212:
211:
20:
46:to ensure the article remains
1:
477:Companies established in 1993
306:financial crisis of 2007–2008
472:Shipping companies of Norway
154:September 30, 2016
131:Georg Eides Sønner (1955-92)
498:
454:Kvinnheringen, 27.10.2016
443:Kvinnheringen, 30.09.2016
259:The original company,
329:later the same year.
286:Mjellem & Karlsen
244:2008 financial crisis
228:http://eidemarine.com
198:(founder, former CEO)
278:Eide Marine Services
236:Eide Marine Services
105:Eide Marine Services
432:Kvinnheringen, 2015
410:Kvinnheringen, 2012
272:Recent (1992-today)
261:Georg Eide's Sønner
122:Offshore investment
106:
372:"- Under kontroll"
219:–90 million (2015)
374:. 3 October 2009.
233:
232:
102:
101:
94:
52:Several templates
489:
456:
451:
445:
440:
434:
429:
423:
418:
412:
407:
401:
400:
393:
387:
382:
376:
375:
368:
362:
359:
284:, to rival firm
215:
214:
161:
159:
146:
144:
107:
97:
90:
86:
83:
77:
75:
64:
24:
23:
16:
497:
496:
492:
491:
490:
488:
487:
486:
462:
461:
460:
459:
452:
448:
441:
437:
430:
426:
419:
415:
408:
404:
395:
394:
390:
383:
379:
370:
369:
365:
360:
356:
351:
274:
257:
252:
199:
192:
182:
157:
155:
142:
140:
120:
116:
98:
87:
81:
78:
66:
55:
41:
25:
21:
12:
11:
5:
495:
493:
485:
484:
479:
474:
464:
463:
458:
457:
446:
435:
424:
421:BT, 23.05.2012
413:
402:
388:
377:
363:
353:
352:
350:
347:
321:(c. 1 billion
295:Green Aalesund
273:
270:
256:
253:
251:
248:
231:
230:
225:
221:
220:
209:
205:
204:
193:
190:
187:
186:
183:
180:
177:
176:
167:
163:
162:
152:
148:
147:
137:
133:
132:
129:
125:
124:
118:Marine salvage
111:
100:
99:
82:September 2022
44:full citations
28:
26:
19:
13:
10:
9:
6:
4:
3:
2:
494:
483:
480:
478:
475:
473:
470:
469:
467:
455:
450:
447:
444:
439:
436:
433:
428:
425:
422:
417:
414:
411:
406:
403:
398:
392:
389:
386:
381:
378:
373:
367:
364:
358:
355:
348:
346:
342:
340:
334:
330:
328:
324:
320:
316:
312:
307:
304:However, the
302:
300:
296:
292:
287:
283:
282:Halsnøy Verft
279:
271:
269:
266:
262:
255:Early history
254:
249:
247:
245:
241:
237:
229:
226:
222:
218:
210:
206:
202:
197:
196:Johannes Eide
194:
188:
184:
178:
175:
171:
168:
164:
153:
149:
138:
134:
130:
126:
123:
119:
115:
112:
108:
96:
93:
85:
73:
72:documentation
69:
62:
61:documentation
58:
53:
49:
45:
40:
38:
34:
29:This article
27:
18:
17:
449:
438:
427:
416:
405:
391:
380:
366:
357:
343:
335:
331:
303:
293:in 1999 and
291:M/S Sleipner
281:
277:
275:
260:
258:
240:Høylandsbygd
235:
234:
170:Høylandsbygd
166:Headquarters
88:
79:
68:Citation bot
30:
299:M/S Rocknes
181:Area served
128:Predecessor
466:Categories
349:References
339:Meidell AS
201:Georg Eide
191:Key people
158:2016-09-30
48:verifiable
174:Hordaland
33:bare URLs
315:Lupatech
265:Johannes
114:Shipping
110:Industry
37:link rot
327:Statoil
250:History
224:Website
208:Revenue
156: (
151:Defunct
141: (
136:Founded
57:reFill
203:(CEO)
31:uses
143:1992
139:1992
65:and
323:USD
319:NOK
217:NOK
468::
172:,
399:.
160:)
145:)
95:)
89:(
84:)
80:(
76:.
74:)
70:(
63:)
59:(
39:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.