On 18 October 2016, the judicial manager of MLS filed an application to extend the judicial management order which will expire on 31 October 2016, MLS announced to the Singapore Exchange.
“The application was heard on 24 October 2016 and the extension was granted for a further 90 days from 31 October 2016 until 29 January 2017,” MLS said.
MLS was placed under judicial management on 18 January this year following a successful application by creditor HSH Nordbank to the Singapore courts.
Since then, MLS has sold off several vessels to creditors as part of efforts to reduce its debts.
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