Norway’s embattled World Wide Supply admitted yesterday it is unlikely to be able to make an interest in a scheduled interest payment today. The OSV player has bond debts of $146.7m, and has previously revealed that is in negotiations with its lenders.
Four out the six-strong World Wide Supply fleet are idled at the moment. The two that are still busy are working for Petrobras.
Norway’s OSV community has been hit especially hard by the fall in global oil prices.