Marco Polo Marine is set to hold an informal meeting with holders of its outstanding SGD 50m ($35.7m) bond on Friday.
The Singapore-listed offshore vessel operator was due to pay a coupon on Tuesday, but informed investors late last week that it would default on the payment.
The 5.75% fixed rate notes were due in 2016, but last November bondholders agreed to a three-year extension until 2019.
