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HomeMaritime NewsRegionsAsiaWind up threat continues for Otto Marine's subsidiary

Wind up threat continues for Otto Marine's subsidiary

Wind up threat continues for Otto Marine's subsidiary
Singapore: Otto Marine's subsidiary Reflect Geophysical was unsuccessful in obtaining an order from the Singapore High Court for a short to medium term standstill of claims from its creditors.

Reflect Geophysical, a marine geophysical services provider to the oil and gas industry, is facing bankruptcy after two of its creditors filed claims of about $1.1m against the company.

The Singapore High Court rejected the standstill claims application on Tuesday.

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