Lender SEB AB is prepared for a potential second round of debt restructurings, following what has already been a wave of debt troubles over the past years. A renewed swoon in crude prices is now tamping down on optimism that the offshore rig and supply vessel operators, which depend on higher investments from oil companies and improved rates, are home free.
"There was always a possibility for a second round," SEB Head of Shipping & Offshore Hans Christian Kjelsrud said in an interview at the Nor-Shipping Conference in Lillestrom, Norway on Tuesday. "I don't think that would be a big surprise."
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