Prosafe presents new business plan to its creditors

Debt-plagued offshore company Prosafe has presented its creditors with a new restructuring plan, which will help ensure a healthy business in the long term. The company is currently hit by the low oil price.

by NIKLAS KRIGSLUND

Norwegian offshore company Prosafe has presented a restructuring plan to make the debt-plagued business healthy again.

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Prosafe presents new business plan to its creditors

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Prosafe lost nearly USD 400 million in 2019

Prosafe calls off merger with competitor

Prosafe incurs operating loss and negotiates with lenders

Sign up for our newsletter

Front page now

Navigare Capital cashes in from sale of several ships

Professionals: Shipping has a bad image and struggles to attract women

Russia exempts gasoils, bunker fuel from export ban

Ukraine's grain exports halves in one year

Lidl's shipping company makes changes to get more customers in store

Less freight risks mass layoffs at major UK port

Star Bulk buys back own shares from Oaktree Capital

Russia's new ban could send more countries on a frantic hunt for diesel

Shanghai to set up first pan-Pacific green corridor with Los Angeles

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Further reading

Lidl's shipping company makes changes to get more customers in store

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

Shanghai to set up first pan-Pacific green corridor with Los Angeles

A simple reason could explain low dry bulk rates despite good demand

Hapag-Lloyd rolls out Starlink internet to entire fleet

Jobs