Singapore offshore shipowner Vallianz Holdings has ended a $36.6m dispute over money it owes to court-managed rival Swiber Holdings.
The agreement involves a placement of stock to Swiber, which holds 903.5m shares, or a 20.9% stake, in Vallianz.
Last year it said it would take part in a rights issue and use this as a way of paying off debts to Vallianz.
