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Floatel International has announced new contracts on the Norwegian shelf as a new agreements with creditors will allow it to push ahead with restructuring plans. Photo: Tore Heggheim/MarineTraffic

Floatel International secures new contracts and debt lock-up agreement

Agreement will keep accommodation vessels operating as the Swedish company continues with restructuring plans

11 January 2021 4:39 GMT Updated 11 January 2021 9:55 GMT

By Jonathan Boonzaier

Offshore accommodation specialist Floatel International has revealed new contracts in Norway and an agreement with creditors that will allow it to move ahead with its debt restructuring