You are here

Idle seized vessel giving bondholders a windfall

Goliath's value much more than the US$160m of defaulted bonds

[MEXICO CITY] Drifting eight kilometres off the Aruba coast, the 591-foot-long (180 m) oil-servicing ship OSA Goliath has no projects to work on or contracts to fulfil. Yet in its idle state, the ship is generating a windfall for holders of a Mexican corporate bond that went bad. The Goliath,

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom