US bankruptcy judge Marvin Isgur was not sold on Su's 11th-hour plan to put some vessels in cold layup ahead of conversions into floating production storage and offloading (FPSO) units or floating liquified natural gas (FLNG) units.
Isgur's ruling means Su will voluntarily step down as an officer of the companies owning the 16 vessels in the Chapter 11 filing while the court presides over a piecemeal liquidation of the fleet to repay creditors.
Among
