Dissenting bondholders of Rickmers Holding are prepared to vote against the company and risk insolvency unless the terms of a rescue plan are changed.
The Bertram Rickmers company faces a crucial vote on 1 June involving holders of a EUR 275m ($308m) bond due in 2018.
It has said that should the restructuring plan fail then an immediate insolvency filing and likely liquidation will probably follow.
