Banks open up to ownership in pressured offshore carriers

Several Norwegian banks, including DNB, are open to the possibility of exchanging debts for ownership stakes in offshore shipping lines struggling with their liquidity. Last resort is taking over vessels.

Kristin Holth is global head of Ocean Industries at DNB. | Photo: PR/DNB

The mounting pressure on several offshore shipping companies could mean that banks will become part of the ownership circles going forward, writes Norwegian media Sysla.

Several Norwegian banks say that in specific cases they are open to converting debt to equity, thereby becoming co-owners.

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