E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 6/10/2016 in the Prospect News Distressed Debt Daily.

Norseman Offshore files bankruptcy petition against Viking Supply

By Sheri Kasprzak

New York, June 10 – Norseman Offshore AS filed an application for bankruptcy against Viking Supply Ships A/S, said a statement from Viking.

The petition is being made on the basis of unpaid hire totaling $2.5 million, said the notice. Norseman is the owner of the vessel Odin Viking, which is on a bareboat charter with Viking.

The company has not been officially notified of the petition by the court.

The two parties have been in discussions for several months as part of the overall financial restructuring of the group.

Based in Gothenburg, Sweden, Viking is an offshore and icebreaking company in the Arctic and subarctic areas, as well as a provider of shipping services between the Baltic Sea and the continent.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.