Gas carrier owner IM Skaugen (IMS) is working on a new refinancing plan after losing six ships it had bareboat-chartered in from Teekay LNG Partners.
It is in talks with stakeholders to restructure facilities maturing in April this year.
The new plan will replace one completed last year that envisioned paying creditors in full and honouring lease obligations.
But the decision by Teekay to take back its LNG carriers last year from Skaugen's Norgas pool to form its own pool has left it less likely to be able to carry out this intention, it said.
