I.M. Skaugen granted court protection in Singapore

Norwegian gas carrier operator I.M. Skaugen has been granted a three-month moratorium by the High Court of Singapore to preserve the company’s restructuring process.

The court order follows I.M. Skaugen filing a restructuring application seeking a moratorium to commence the reorganisation of liabilities and businesses. The company presented a restructuring plan in April, which had the support from most of its stakeholders.

“The moratorium will provide much-needed space and time for the IMS scheme companies to implement their restructuring plan,” I.M. Skaugen said in a release.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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