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Claims against Swiber rise to $197m

Claims against Swiber rise to $197m
Claims against bankrupt Singapore offshore player Swiber Holdings have increased to $197m.

According to Swiber’s interim judicial managers the volume of claims against the company has risen from $135.9m on 19 August to $197m on 25 August.

Last week ASL Marine warned of a loss for Q4 ended 30 June 2016, partly due to impairment losses on amounts owed to it by Swiber.

Also last week Swiber was granted more time to file its second quarter results by the Singapore Exchange.

Swiber is under interim judicial management after withdrawing a winding up application.