The shipowner, which entered a debt standstill in January, said it had not made payments on two $125m bond issues and four Indonesian Rupiah issues.
“We are still working with our financial advisor and will provide an update with respect to the company’s restructuring of its indebtedness in due course,” the company said.
BLT has also defaulted a number of lease agreements including three chemical tankers from First Ship Lease Trust in Singapore.
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