Marco Polo Marine clarifies earlier statement

Marco Polo Marine said on September 23rd that that its business fundamentals were sound, notwithstanding the volatile economic climate and sectoral weakness. It said

that the risk factors it announced earlier last week should not be taken as an indication that it had any worries about its ability to operate as a going concern.

The company also  emphasized that there no “haircuts” would be made to the principal amount of the notes to be redeemed on the amended maturity date. It said that all interest payable on the notes will continue to be paid to noteholders on schedule.