Lenders turn their backs on Viking Supply Ships

A number of bondholders have terminated a loan worth USD 37.5 million which was set to mature in 2017. The move was triggered by Viking not paying interest on the loan, Nordic Trustee tells ShippingWatch.

BY JOHANNES HARTKOPF-MIKKELSEN

The owners of a large portion of Viking Supply Ships' bond worth USD 37.5 million have terminated the loan, which was otherwise due paid on March 21st 2017, Lawyer Jørgen Andersen from Nordic Trustee, which represents the bondholders, tells ShippingWatch.

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Lenders turn their backs on Viking Supply Ships

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Idled supply vessels bring the spot market near balance

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Front page now

Maritime & Merchant notes fierce competition in loans for shipping

14 arrested at demonstration in front of Maersk headquarters

Norwegian car carriers bag multi-year contracts

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Record influx of container ships this year will not cause trouble until 2025

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Kuehne+Nagel triggers unrest among staff with new management structure

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Less than one percent of the container fleet is currently idle

Congestion in Asian ports is now as bad as during Covid

Analysis: Capesizes have become too expensive despite strong market

UK Chamber of Shipping calls for more trade-friendly policies

Further reading

Kuehne+Nagel triggers unrest among staff with new management structure

Cosco and CMA CGM expect further pressure on major European ports

Congestion in Asian ports is now as bad as during Covid

Less than one percent of the container fleet is currently idle

Dry bulk players dismiss green fuels in favor of low-hanging fruits

Analysis: Capesizes have become too expensive despite strong market

Jobs