Creditors
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Port News
Creditors back PIL restructuring in crucial vote
Creditors to struggling Singapore container line Pacific International Lines (PIL) today overwhelmingly approved a restructuring deal that involves a capital…
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Port News
Siem Offshore set to reach restructuring deal with European creditors
Norwegian OSV operator Siem Offshore has announced that it is in the final stages of negotiations with its European banks and…
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Marine World
Hong Kong Cruise Ship Owner Suspends Payments to Creditors
by Denise Wee (Bloomberg) Genting Hong Kong Ltd., a cruise ship operator, will temporarily suspend all payments to its creditors,…
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Maritime News
Genting Hong Kong suspends all payments to financial creditors
Genting Hong Kong Limited has decided to temporarily suspend all payments to the group’s financial creditors as it works to…
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Maritime News
Rig Operator Diamond Offshore Files for Bankruptcy
On Monday, offshore drillrig operator Diamond Offshore filed for Chapter 11 bankruptcy protection in a federal court in Texas, without…
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Marine World
Offshore Driller Valaris to Explore Bankruptcy with Creditors -Sources
Reuters reported last month that the London-based company was working with debt restructuring advisers as it struggled to cope with…
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Maritime News
Solstad Offshore, Creditors Agree on Draft Restructuring Plan
Norway’s offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes…
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