MARKETS

Farstad given more time

NORWEGIAN group Farstad Shipping, which recently consolidated its Australian business into Perth, has been given more time to find a solution to its financial mess.

Farstad Shipping employee.

Farstad Shipping employee.

The company said yesterday it would not make the final payment on a bond due next month - a NOK400 million ($62.8 million) debt which was sold in 2012. It also has a NOK1 billion issue due next year. ...

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