Norwegian OSV owner Havila Shipping has revealed its equity is NOK 962m ($105m) negative as financial restructuring talks continue.
Its last refinancing deal was executed in February 2017 after a prolonged market slump, but it matures on 7 November 2020.
"The company expects that ongoing negotiations will result in an agreement where the debt thereafter will be considered as long term," it said in its third quarter report.
