Eitzen Chemical settles debt restructuring plan

Eitzen Chemical successfully settled a debt restructuring plan on Tuesday afternoon aimed at securing the carrier's future.

BY LOUISE VOGDRUP-SCHMIDT

Eitzen Chemical has been working for approximately one year to settle a debt restructuring plan. The first step was made just ahead of the New Year when 90 percent of the creditors in the company - listed on the Oslo Stock Exchange - approved a plan for the carrier's significant debt burden. And the plan was then fully settled on Tuesday, says the carrier in a statement.

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