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Tag Archives: a debt-burdened provider of rig and vessel chartering services

Singapore’s Swissco to File for Judicial Management

Singapore’s Swissco Holdings, a debt-burdened provider of rig and vessel chartering services, said it has decided to file for interim judicial management after reaching an impasse with major lenders.Many companies in the offshore oil and gas services sector – a key industry in Singapore – have been struggling to meet debt commitments after a rout in global oil prices until ...

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