Polarcus Selma News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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...

Polarcus: Lenders Withdraw Support Of Ongoing Vessel Operations édité le 02/02/2021 - Plus de news de "Polarcus" - Voir la fiche entreprise de "Polarcus" Polarcus Limited refers to the announcements issued on 26 January 2021 concerning the enforcement of share pledges over the Former Subsidiaries. Capitalized terms in this announcement have the same meaning as given in those announcements. Since the earlier announcements, the Company has been in continuous dialogue with the Lenders and the new managers of the Former Subsidiaries (“New Managers”). The Company’s objective of those discussi...

Polarcus: Lenders withdraw support of ongoing vessel operations February 01, 2021 21:39 ET | Source: Polarcus Limited Polarcus Limited Dubai, UNITED ARAB EMIRATES Polarcus Limited (“Polarcus” or the “Company”) (OSE: PLCS) refers to the announcements issued on 26 January 2021 concerning the enforcement of share pledges over the Former Subsidiaries. Capitalized terms in this announcement have the same meaning as given in those announcements. Since the earlier announcements, the Company has been in continuous dialogue with the Lenders and the ...

Last week seismic player pointed out that “the lenders have made it clear to the company that their intention is not to jeopardise or destabilise the Polarcus organisation.” However, the new managers have now instructed Polarcus to sail the vessels to safe locations in order to initiate a sales process. As a result, Polarcus said it will issue a notice of termination of employment to all Group employees. The company added it will continue to co-operate with the lenders and the new managers on their instructions to bring current operations safely to an end. The company is also communic...