Lenders seeping out of Torm

Nordea Finland recently sold off its commitment in heavily-indebted Torm, just as Danish Ship Finance exercised an option to sell loans in 13 of the carrier's ships. Now a major French bank has followed suit.

BY OLE ANDERSEN

Nordea Finland and Danish Ship Finance pulled out as lenders in Torm a few weeks ago, and now French BNP Paribas has sold its stake of USD 119 million in the carrier.

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Lenders seeping out of Torm

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Meldgaard: No new ships for Torm without new owners

Torm made USD 166 million deficit in 2013

Danish Ship Finance forces Torm to sell 13 ships

Sign up for our newsletter

Front page now

Seven Seas: Customers' green ambitions and actions don't align

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

MSC chosen as strategic partner for ailing Spanish rail freight company

Grieg and Peak Group venture orders up to eight new vessels

First US bunkering terminal for LNG is on its way

Russian oil is trading closer to USD 100 than the G-7 price cap

Oil supermajor Saudi Aramco enters LNG

Norway increases support for developing countries' green shipping transition

Oil steady after technical resistance stalled blistering rally

It's time for DHL's new global head of ocean freight to prove he can be number one

Kristian Siem predicts boom in offshore following a decade of hurt

Further reading

Media: Sale of DB Schenker enters next phase

It's time for DHL's new global head of ocean freight to prove he can be number one

Seven Seas: Customers' green ambitions and actions don't align

MSC chosen as strategic partner for ailing Spanish rail freight company

Venture fund in Singapore wants increased business focus from start-ups

German bank to broker CO2 allowances to shipping customers

Jobs