Drydocks World is “in final discussions” on restructuring its whopping $2.2bn debt with a deal possible within the next eight weeks, a report claims.

Chairman Khamis Jumaa Buamim.

Khamis Jumaa Buamim, the shipbuilder and shiprepairer’s chairman, told newswire Bloomberg that he was hoping for an agreement with lenders as early as the end of April.



TradeWinds reported in January that the UAE-based outfit was looking to complete financial and management restructuring by the middle of the year.



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