Restructuring cloud hangs over Berlian Laju

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Restructuring cloud hangs over Berlian Laju

Issue: 1240 - 3 February 2012

Keywords: Berlian Laju Tanker, Golden Bridge Shipping Corp, Widihardja Tanudjaja

Indonesian shipping company Berlian Laju Tanker is considering a possible debt restructuring and has yet to decide whether to continue with interest payments. It froze repayments on its outstanding debt at the end of last week after telling investors that one of its subsidiaries had breached a loan covenant. ..

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