Bondholder wants MPC to withdraw crisis plan

Feeder shipping line MPC Container Ships should withdraw its proposal for a refinancing plan, says one of the shipping company's bondholders, which says the current proposal favors shareholders, reports Norwegian media.

MPC Containership med Constantin Baack som topchef møder kritik af obligationsejer for refinansieringsplan. | Photo: MPC Container Ships

MPC Container Ships' proposed rescue plan has raised a lot of discontent at one of its bondholders, reports Finansavisen.

US-based equity manager Cohanzick Management says that the shipping company's financing plan favors shareholders. And the bondholder wants MPC to withdraw its proposal, writes the newspaper.

Read the whole article

Get 14 days free access.
No credit card required.

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

Poseidon Principles set to raise ambitions in coming weeks

The banks in Poseidon Principles are working on the basis of halving CO2 emissions in shipping by 2050. At the same time, some of the same banks are working towards a target of CO2 neutrality by 2050 as part of the Net-Zero Banking Alliance. Before long, Poseidon will reassess its ambition.

Further reading

Related articles

Trial banner

Latest news

See all jobs