Norway's World Wide Supply (WWS) will not be making an interest payment due on Friday due to insufficient liquidity.
It told bondholders that available cash is "limited" and it will continue talks with them and its trustee.
In October the company went into default after the cancellation of two charters to Brazil’s Petrobras cut its liquidity below debt requirements.
The Norwegian company also revealed that it has challenged Petrobras’s move.
WWS
