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Claims received by Swiber hit US$230.7m

Friday, September 9, 2016 - 22:15
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THE total sum of claims received by Swiber Holdings has amounted to US$230.7 million as at Thursday, the beleaguered offshore marine company said on Friday.

THE total sum of claims received by Swiber Holdings has amounted to US$230.7 million as at Thursday, the beleaguered offshore marine company said on Friday.

The company is currently seeking legal advice on the above claims.

Swiber roiled Singapore's bond market when it defaulted on its local currency notes last month. Its winding-up petition in July rocked the oil and gas industry and it has since opted for judicial management instead.