Group Bourbon principal Jacques de Chateauvieux is proposing an alternative plan to stop banks taking over the company.
The French OSV giant has now revealed details of the two rival refinancing schemes as the board considers which to adopt.
The company, hit by the OSV downturn, said its main lenders and vessel lessors, with 75% of its debt, are proposing to inject €120m ($135m) of new money in the form of debt and a reduction of existing debt of more than €1.4bn
