Oslo-listed gas carrier company IM Skaugen (IMS) has been given more time to straighten out its finances without being hounded by creditors.
The Singapore high court has granted the Morits Skaugen-led company three more months of protection from creditors' claims after providing an initial 30-day shield.
IMS first applied for clemency at the end of May to get additional time to restructure its debt and business.
