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Claims against Swiber rise to $197m

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

Marcus Hand, Editor

August 29, 2016

1 Min Read
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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.

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About the Author

Marcus Hand

Editor

Marcus Hand is the editor of Seatrade Maritime News and a dedicated maritime journalist with over two decades of experience covering the shipping industry in Asia.

Marcus is also an experienced industry commentator and has chaired many conferences and round tables. Before joining Seatrade at the beginning of 2010, Marcus worked for the shipping industry journal Lloyd's List for a decade and before that the Singapore Business Times covering shipping and aviation.

In November 2022, Marcus was announced as a member of the Board of Advisors to the Singapore Journal of Maritime Talent and Technology (SJMTT) to help bring together thought leadership around the key areas of talent and technology.

Marcus is the founder of the Seatrade Maritime Podcast that delivers commentary, opinions and conversations on shipping's most important topics.

Conferences & Webinars

Marcus Hand regularly moderates at international maritime events. Below you’ll find a list of selected past conferences and webinars.

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