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    World Wide Supply in default

    Company News // November 30, 2015

    World Wide Supply, which reecntly lost contracts for some of its vessels in Brazil when they were blocked, has confirmed that the company is in default of some of its obligations under a bond agreement.

    The company said its liquidity is "limited" and its financial situation had not allowed it to make a full interest payment scheduled for 27 November 2015.

    The company said it will continue its dialogue with Nordic Trustee and an informal bondholders' committee, and will provide bondholders with updates on the situation and future interest payments in due course.

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