Offshore

Solstad asks creditors for one-year suspension of payments

The offshore shipping company asks its bondholders to suspend payments on amortization and interests for one year, as the company's liquidity is strained.
by CHRISTIAN CARLSEN

Struggling offshore shipping company Solstad Offshore is in dire straits financially, and the company has now asked its creditors for a one-year suspension of payments on interest and amortization of its debt, according to a stock exchange filing.

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