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Polarcus lenders withdraw support, fleet sell-off imminent

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 …

WP_Post Object ( [ID] => 239572 [post_author] => 76 [post_date] => 2021-02-02 02:40:00 [post_date_gmt] => 2021-02-02 02:40:00 [post_content] =>

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... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => polarcus-lenders-withdraw-support-fleet-sell-off-imminent [to_ping] => [pinged] => [post_modified] => 2021-02-02 02:40:00 [post_modified_gmt] => 2021-02-02 02:40:00 [post_content_filtered] => [post_parent] => 0 [guid] => https://splash247.com/?p=135580 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )