Danish Ship Finance has exercised an option related to the restructuring of Torm. This means that the carrier is forced to divest another 13 product tankers to US equity fund Oaktree Capital Management, said Torm in a brief to the stock exchange Friday night.
Oaktree already owns several ships operated by Torm, which are expected to be sold to one or more new owners during 2014. Since the corporate restructuring Torm has now been forced to sell 22 ships in total, all of which have been acquired by Oaktree.
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