Fearnley: OSG breaches conditions for Danish Shipfinance loan
Overseas Shipholding Group (OSG) has breached the covenants of a $550 million loan, which Danish Shipfinance and China Export-Import has given the company, estimates Fearnley Securities.
BY JAKOB VESTERAGER
The analysts at Fearnley Securities believe that Overseas Shipping Group (OSG) has breached the conditions of a loan agreement of $550 million dollars with Danish Shipfinance and China Export-Import Bank.
Following the full takeover of multipurpose operator Intermarine, Harren Group assumes full control over German SAL Heavy Lift and American Intermarine, with the combined fleet now totaling 50 project cargo carriers.