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Marenave Schiffahrts to sell entire fleet

German player Marenave Schiffahrts has landed an agreement with its banks which means that the shipowner will sell its entire fleet. The company has long been fighting for a restructuring.

Ole Daus-Petersen is CEO of Marenave Schiffahrts. | Photo: PR-foto/Marenave

German shipowner Marenave Schiffahrts has entered a debt repayment agreement with its banks.

The agreement requires the squeezed company to sell its entire fleet, while banks continue to take losses on individual ship debt.

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