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Havila Shipping cancels bondholder meetings

Havila Shipping has called off planned meetings with bondholders today but says it is still aiming for an agreement 31 January.

Marcus Hand, Editor

January 20, 2016

1 Min Read
Kalyakan - stock.adobe.com

Havila been due to meet with four different sets of bondholders today to seek approval amendments to its bond programme as part of its proposed financial restructuring.

“Based on uncertainty regarding sufficient support for the proposal in one or more of the bondholders' meetings, the company has notified the trustee that it withdraws the summons for all bond Issues,” Havila said in a statement.

The company said it still aimed to reach agreement with bondholders by its original deadline of 31 January.

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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