Swiber Holdings extends judicial management period

Singapore offshore firm Swiber Holdings, which went into liquidation late July only to perform a u-turn a day later to seek judicial management, has received approval from the Singapore High Court to extend its judial management period a further 180 days.

Both Swiber Holdings and subsidiary Swiber Offshore Construction have been given an extension of judicial management through to October 1, 2017. It has also been granted an extension to March 23, 2017 for the company to send creditors a statement of proposals and summon a creditors’ meeting.

Swiber says the judicial managers will be organising an informal creditors’ meeting in January 2017.


Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.
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