Lenders To Sell Polarcus' Vessels. All Employees To Be
A Polarcus vessel - Credit: Alf van Beem - Wikimedia/CC0 1.0 Lenders of the troubled marine seismic contractor Polarcus, which last week took control of the company's vessels after a debt payment default, will sell Polarcus' vessels and all the employees will be let go. Banks last week tool control of Polarcus' subsidiaries that own seismic vessels, with the subsidiaries in question being Polarcus Asima AS, Polarcus Alima AS, Polarcus Amani AS, Polarcus Adira AS, Polarcus Nadia AS, Polarcus Naila AS - bearing the corresponding vessels' names, and Polarcus Shipholding AS. The lenders also r...
Source: marinelink.com