The need to refinance debt among owners in the offshore sector has been viewed as a particularly vulnerable spot but is thought to have been made decidedly worse by the recent crash in oil prices.
While analysts have been warning of high gearing for several Norwegian owners, such as Havila Shipping and DOF, at least two listed Singaporean offshore companies are now facing reluctant lenders and investors with debt set to mature later this year, according to new agency Reuters this week.
