Norwegian offshore vessel owner Olympic Ship has secured another week to complete a refinancing deal with lenders.
A standstill agreement on debt expired on 11 November, but this has now been extended to 18 November.
Last month, the company said it had secured vital liquidity from local investors in order to stay afloat.
A consortium of Norway-based parties is willing to offer Olympic NOK 500m ($61m), of which NOK 400m would be new liquidity.
“The
