Swiber seeks to extend judicial management

Swiber seeks to extend judicial management

The judicial managers of Singapore offshore firm Swiber Holdings have filed an application with the Singapore High Court seeking an extension of its judicial management period through to October 31, 2018.

Swiber announced it would be liquidated in July 2016, only to change its mind a day later and go into interim judicial management. Swiber and subsidiary Swiber Offshore Construction were then granted official judicial management status by the High Court in October 2016.

The judicial managers have also filed applications for an extension to send creditors a statement of proposals and summon a creditors’ meeting until March 31, 2018.

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.

Related Posts