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Farstad Shipping gets more time from creditors

Norwegian supply carrier Farstad has had its debt repayment deadline extended to Dec. 20, the carrier announced in a stock exchange announcement Thursday.

Photo: Farstad Shipping

Struggling Norwegian supply carrier Farstad Shipping, which has a fleet of 55 vessels, has been granted a new deadline to negotiate a comprehensive refinancing agreement with the company's investors, bondholders, and strategic partners, now until Dec. 20.

This is according to Farstad in a press release to the Oslo Stock Exchange, the same day as the original deadline expired.

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