ShippingWatch

Another famous European shipping family loses control of company

Banks take control of family-owned Dutch carrier line Vroon in exchange for a "significant" reduction of the company's debt. Vroon has sold out of non-strategic actives, and, according to the management, the offshore business has been secured.

Photo: Vroon

Dutch shipping family Vroon stands to lose control of its crisis-hit carrier line of the same name, following a restructuring of the company debt.

In an announcement, Vroon writes that a deal was made with its creditors in November last year, entailing that creditors write off a "significant" part of their receivables in exchange for control of the firm.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Further reading

Related articles

Latest news

See all jobs