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Solstad Offshore buys more time from creditors

Solstad Offshore's creditors have agreed to postpone interest payments on the shipping company's debt once again. The struggling offshore company now has until March 31, 2020, to find a solution to its problems.

Photo: PR/Solstad Offshore

Solstad Offshore has been granted yet another extension from its creditors in an effort to get the company's finances under control.

The original extension expired yesterday, Oct. 31, but the creditors have agreed to give the company another breather.

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