Troubled Dubai-headquartered seismic shipowner Polarcus has been told by creditors that enough is enough. All bar one of Polarcus’s ships will now be brought into anchorage and readied for sale. A raft of redundancies are about to be initiated. Lenders have made clear that they remain open to discuss a standstill period in relation to …
Troubled Dubai-headquartered seismic shipowner Polarcus has been told by creditors that enough is enough. All bar one of Polarcus’s ships will now be brought into anchorage and readied for sale. A raft of redundancies are about to be initiated. Lenders have made clear that they remain open to discuss a standstill period in relation to …
[post_title] => Polarcus lenders withdraw support, fleet sell-off imminent
[post_excerpt] => Troubled Dubai-headquartered seismic shipowner Polarcus has been told by creditors that enough is enough. All bar one of Polarcus’s ships will now be brought into anchorage and readied for sale. A raft of redundancies are about to be initiated. Lenders...
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[post_modified] => 2021-02-02 02:40:00
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