Stig Remoy-chaired shipowner Olympic Subsea has gained another month to seal a long-term refinancing of NOK 2.9bn ($335m) of debt.

The Norwegian owner of offshore ships has a deal in place with most of its banks, but a deadline to bring the remaining lenders on board expired on 31 August.

Now, the company has revealed that it has been given until the end of this month to seal an agreement.