Nasdaq-listed Ultrapetrol has halted some bond and debt payments as it faces delisting in the US.
The restructuring Argentinean offshore, boxship and tanker owner revealed it decided in June not to make a $10m interest payment on its outstanding 2021 notes and also withheld a $6.5m interest and principal repayment on other loan facilities related to its river business.
In addition, during the first half-year, Ultrapetrol did not make principal repayments on its loan facilities for the offshore shipping business.
It
