Yes, horror night for TDW. MRM borrowed too much money but...

Yes, horror night for TDW. MRM borrowed too much money but nothing like the scale of TDW who owe 1.4B USD to lenders. The demise of TDW is, probably, partly responsible for the current share price weakness in MRM but if MRM can get through this rough patch they will stand to benefit from TDW's demise as they are a major player in SE Asia.
It's going to be a case of last man standing, the more competitors go under the greater the opportunity for the survivors. It's tough out there, only the nimble and fittest will survive!