Subscribe to RSS feedNewbuilding loans on a ‘knife edge’
by
Tony Gray, London
—
last modified
Jun 25, 2009 04:20 PM
FINANCIALLY-pressed owners are increasingly escalating their negotiations with banks, leading banking sources say.
After seeking initially waivers on covenants, they are now pleading for moratoria on the repayment of loan instalments as cashflows drain away.
The sources said that owners in the containership and product tanker sectors were especially prominent in these...
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