Harkand Finance and its bond trustee have agreed to terminate the internal bareboat charters for two vessels.
The termination of the deals for the 115-metre Harkand Da Vinci (built 2010) and Harkand Atlantis (built 2011) come hot on the heels of a “multi-million pound” contract with Maersk Oil and a bond default.
As TradeWinds reported last month, Nordic Trustee declared default on Harkand’s $220m bond, due in March 2019.
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