Swiber Holdings

SINGAPORE (Sept 16): S&P Global Ratings said that several sectors in Singapore’s bond market are vulnerable to “rising financial strain” after a number of recent defaults.

SINGAPORE (Sept 15): It has been a rough week for Singapore's shipping services industry and the going could get even tougher next year with record debt falling due.

SINGAPORE (Sept 9): A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying $50 million of securities due next month after appointing an external adviser to review its business.

SINGAPORE (Sept 7): Swiber Holdings should be able to raise about US$284 million ($383 million) of working capital to sustain its operations, including through asset sales, according to a report submitted by the interim judicial managers of the beleaguere

SINGAPORE (Sept 5): Swiber Holding’s interim judicial managers (IJMs) said on Friday that the oil and gas company could be saved as its major suppliers, vendors and creditors have indicated interest in aiding the group to complete its ongoing projects.

SINGAPORE (Sept 3): Swiber Holdings, the beleaguered Singapore-based offshore oil and gas services group, has appointed John F. Swinden as group president, chief executive officer and executive director to lead the company through what it calls a “chall

SINGAPORE (Aug 29): Swiber Holdings announced that claims on the company have reached US$197 million ($268 million) on Friday.

SINGAPORE (Aug 25): Singapore’s private banks are coming under scrutiny for earning bonuses by selling risky debt, as the city sees an unprecedented wave of defaults. The central bank says an industry group is reviewing the practice.

SINGAPORE (Aug 25): OCBC Investment Research analyst Low Pei Han says banks that are currently financing the O&G companies will play a key role in ensuring their survivability.

SINGAPORE (Aug 22): Swiber Holdings has updated the group has about US$135.9 million ($183 million) in total sum of claims as of last Friday.