Swissco Holdings

SINGAPORE (Nov 15): Singapore rig supplier Swissco Holdings is seeking court-supervised management, saying it is at an impasse with its major lenders on a proposed debt restructuring.

SINGAPORE (Oct 24): Strains are spreading in Singapore’s debt market as more firms in the maritime sector with borrowings coming due grapple with the slump in global trade and energy prices.

SINGAPORE (Oct 12): Troubled oil and gas services company Swissco announced it will default on its interest payment to noteholders on Oct 16 and will suspend trading with immediate effect.

SINGAPORE (July 28): Swiber Holdings' shock announcement that it was winding up its business led investors of local oil and gas stocks to dump their shares over fears the industry is in worse shape than expected.