Gearbulk denies defaulting on loan from MOL

Japan's MOL earlier this week heralded extraordinary losses from factors including a loan to Gearbulk. "We are not in default on the loan," the dry bulk company's managing director tells ShippingWatch.

Gearbulk collaborates with Grieg Star on dry bulk venture G2 Ocean, which operates open-hatch bulkers. Photo: PR / G2Ocean

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