Vroon sailing towards finalization of financial restructuring

VOS Paradise, one of Vroon's PSVs

Vroon, a Dutch company specializing in offshore and shipping business, has made a step forward in its efforts to finalize the financial restructuring of the company.

The shipping company said on Friday it has reached an in principle agreement with all its lenders regarding the terms of its financial restructuring.

The agreement, which is only subject to final documentation and credit committee confirmation, is an important step forward towards the finalization of Vroon’s financial restructuring, the company explained.

“The agreement marks the important step towards the final stage of a process initiated in late 2016 following continued challenges in shipping markets. Vroon is confident that the envisaged restructuring will provide generous runway to implement its strategic plans,” Vroon further said.

The company also emphasized it is committed to continue taking measures to strengthen its financial condition during these turbulent times.

With a shore-based staff of about 350 and around 2,800 marine personnel worldwide, Vroon operates and manages, under different brand names, a fleet of approximately 200 vessels.

Share this article

Follow Offshore Energy Today

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

08th OIL & GAS AFRICA 2019 CONFERENCE

OIL & GAS AFRICA is one of the most prime regional & international Oil and Gas conferences in East Africa…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

OWI WA 2019

West Africa’s only dedicated Offshore Well Intervention Conference is returning for its second year…

read more >

OIL & GAS PHILIPPINES 2019

Oil & Gas Philippines event display products like Oil & gas, fire protection systems and materials…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply