Farstad Shipping has won more time under a standstill agreement, pushing debt payments by almost six additional weeks while it continues talks to tackle its financial challenges.
The Oslo-listed offshore vessel owner said that the extension deal pushed back amortisation payments on its debt until 10 November, although there are some conditions that must be met in the meantime.
Farstad’s previous deferral deal, which was signed on 30 June, was scheduled to expire tomorrow.
The
