Two banks withdraw support for sale of German vessels

Marenave Schiffahrts, headed by CEO Ole Daus-Petersen, believed this summer that the carrier had a bank deal in place with the possibility of attracting a new investor. This deal has now collapsed.

Photo: PR-foto/Marenave

Two banks have withdrawn their support for a rescue plan for Hamburg-based Marenave Schiffahrts.

The two banks signed a letter of intent in June with other involved lenders, for the sale of Marenave's fleet of product tankers and dry bulk vessels for the highest obtainable price, in order to reduce debt in the individual vessels. This deal has now collapsed.

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