ShippingWatch

Torm obtains forbearance from lenders

Torm has received yet another lifeline from its lenders, which have given forbearance to the crisis stricken carrier. This is evident in a corporate statement made in relation to the general assembly, which is taking place now.

Torm has obtained further forbearance from lenders, according to the carrier in a statement sent to the stock exchange.

"The Company has obtained this forbearance from certain lenders to avoid any doubt about TORM's financial position whilst the complex restructuring process is finalized," says Chairman of the carrier, Flemming Ipsen, in the statement.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Further reading

Related articles

Latest news

See all jobs