DOF Group’s creditors appear to have no intention of deviating from a court-led reconstruction of the offshore shipowner.

Lenders including DNB, ABN Amro, Danske Bank and Deutsche Bank said in a letter on Thursday that the process will continue despite rebel shareholders installing a new board of directors to halt a dilutive debt-to-equity swap.

‘We don’t have much time’ to save the company, says new DOF chairman
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Shareholders voted down a negotiated $2.25bn