Viking Supply Ships: Our fate is in the hands of the bondholders

After a number of bondholders opted to prematurely terminate their loans to Viking Supply Ships, the struggling carrier has now requested a dialog with its bondholders as a restructuring will otherwise not be possible.

Photo: Viking Supply Ships

"If the bondholders do not move from this position, it will not be possible to arrive at a restructuring which will allow VSS to survive as a going concern," writes Viking Supply Ships in a statement.

While the carrier has a constructive dialog with its banks and the owner of vessel Odin Viking, there is a risk that the company's bondholders will hold up the entire process and the rescue of the company.

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