Petrobras Ends Contracts for Two World Wide Supply PSVs

Source: www.gulfoilandgas.com 9/21/2015, Location: South America

The Issuer has received notice of early termination of the current Petrobras contracts for "World Opal" and "World Peridot". Hereunder the charterer has declared that it does not see itself obligated to pay the accrued hire through the "blocking-period", which at the date hereof amounts to approx. USD 3 million.

Dialog has been initiated with Nordic Trustee and an informal bondholders' committee.

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