Olympic Ship has secured vital liquidity from Norwegian investors in order to stay afloat.

The Stig Remoy-led company said a consortium of investors is willing to splash out NOK 500m ($61m) on Olympic, of which NOK 400m is new liquidity.

It added that companies controlled by Stig Remoy are part of the consortium along with parties with ties to the maritime cluster in Sunnmore, Norway.

Remoy