Eitzen Chemical replaces banks with equity funds
Financially struggling Norwegian tank carrier Eitzen Chemical has replaced pretty much all its bank connections with private equity funds. "It's natural," says CEO Jens Grønning. One of the funds is fairly new in shipping.
BY TOMAS KRISTIANSEN
According to ShippingWatch's sources, several of Norwegian tank carrier Eitzen Chemical's traditional bank connections, including Nordea, have sold their loans in the financially struggling carrier.
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