Major banks sell off multi-purpose vessels
Banks including ING and ABN Amro are demanding compulsory sales of more than 20 Dutch-controlled multi-purpose vessels after cancelling loans to the vessels. ABN Amro has now cancelled the credit to Abis Shipping's fleet of more than 12 ships.
by OLE ANDERSEN
Major Dutch bank ING recently canceled its line of credit to a number of multi-purpose vessels in Dutch Flinter Group after a court ruling in Rotterdam has placed a large part of the group under receivership, Flinter writes on its website.
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