Singapore OSV owner Marco Polo Marine has cleared another debt restructuring hurdle after creditors backed its court refinancing plan.
Five of seven creditors voted in favour. They represent SGD 187.4m ($138m) of claims, or 75.5%.
The plan for its shipyard was unanimously backed.
CEO Sean Lee said: “I am gratified to receive strong support from the group’s bank lenders and trade creditors at the scheme meetings today.
