Marco Polo Marine Plans to Delay Payment on Bonds in Singapore

  • Shipping services company joins others in seeking forbearance
  • Company has S$50 million of 5.75% bonds due on Oct. 18

A Singapore provider of barges and tugs for coal, steel scrap and iron ores plans to ask bondholders for approval to delay paying S$50 million ($37 million) of securities due next month after appointing an external adviser to review its business.

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