International Shipholding said its lenders have agreed to forbearance deals for credit facilities that are in default, though lessors have been less helpful..

The forbearance agreements last until 1 July.

The over-the-counter-listed shipowner told the US Securities & Exchange Commission (SEC) today that other lenders have "furnished, or indicated a willingness to furnish" forbearance agreements.

However, lease financiers have declined to provide a similar lifeline to the diversified owner.

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