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Spurned by lenders, Swissco to file for judicial management

CEO says the company's leading bankers do not support a crucial bond restructuring proposal

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The bloodletting continues in Singapore's struggling offshore-and-marine industry.

Singapore

THE bloodletting continues in Singapore's struggling offshore-and-marine industry. Heavily-indebted oilfield vessel operator Swissco Holdings has become the next to run aground, in an echo of the sudden collapse of oilfield vessel operator Swiber Holdings earlier this year.

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