Viking Supply Ships seeks support from bondholders

Viking Supply Ships seeks support from bondholders

Norway’s struggling Viking Supply Ships (VSS) has announced that the term sheet which has previously been agreed with the banks now has been signed by all parties.

“This marks an important step towards the completion of a long term restructuring of VSS and the main outstanding issue is now to reach an agreement with the bondholders,” the company said in a release today.

A bondholders’ meeting has now been scheduled as VSS fights for survival.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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