World Wide Supply (WWS) is selling its fleet to a Cayman Islands company controlled by its bondholders.
The restructuring Norwegian company saw its proposal approved by 95.76% of its bondholders today.
According to the summons, WWS will dispose of its six 2013-built platform supply vessels (PSVs) en bloc for $27.5m.
The transaction will be settled in cash and the mortgages of the ships held by the bondholders will be released.
This
