Farstad fails to pay off bond loan in time

Farstad Shipping will not be able to pay off a bond loan which is set to mature in February. The struggling offshore carrier also had to ask its secured creditors to defer payments on its debt to late February. Norwegian investors are still lurking in the wings.

by NIKLAS KRIGSLUND

Offshore carrier Farstad Shipping will have to give up on repaying a bond loan that is set to mature in February.

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Farstad Shipping gets a breather throughout January 2017
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Media: Big Norwegian investors have eyes set on Farstad
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Kristian Siem pulls out of rescue efforts for Farstad

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