Lenders Take Control of Polarcus’ Ships After Default on Debt

Lenders took control of Polarcus’ ships on Tuesday after the seismic surveyor defaulted on its bank loans and bonds, hit by a drop in spending by energy companies struggling with the COVID-19 pandemic and volatile oil prices.The company’s Oslo…

Capt. John
Author: Capt. John

https://www.marinelink.com/news/lenders-control-polarcus-ships-default-484854

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