26/03/2015at 10:50

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.

BY RITZAU FINANS

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

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

Broad support for Torm rescue deal - this is the plan
For subscribers
Torm's aging fleet matches new eco-design vessels
Torm made USD 77 million operating profit in 2014
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

Container

CMA CGM projects challenging year after tought first quarter

Excess capacity will push freight rates down for the remainder of the year, expects French container major CMA CGM. First quarter will be the company’s best in 2023.

For subscribers

”You cannot equate China with Russia. The dynamics are very different. It represents a rational government that has an agenda for its country that is not simply about beating up the neighbor," states Maersk's CEO, Vincent Clerc. | Foto: Carsten Lundager / Danske Rederier

Regulation

Vincent Clerc: The West could provoke China to invade Taiwan

For subscribers

Carriers

Norden avoids inheriting large claim in relation to acquisition of Thorco Projects

For subscribers

Foto: Piroschka Van De Wouw/Reuters/Ritzau Scanpix

Suppliers

Report: At least 10 percent of popular fuel in Rotterdam is questionable

For subscribers

Tanker

BW LPG finance chief steps down

For subscribers

Tanker

Lloyd's Register drops carrier certification due to sanction breach

For subscribers

Vincent Clerc: The West could provoke China to invade Taiwan

Western critics that equate China and Russia are wrong, as the Beijing regime ”represents a rational government,” argues Maersk’s CEO.

For subscribers

Container

CMA CGM projects challenging year after tought first quarter

Excess capacity will push freight rates down for the remainder of the year, expects French container major CMA CGM. First quarter will be the company’s best in 2023.

For subscribers

Carriers

Norden avoids inheriting large claim in relation to acquisition of Thorco Projects

The oil carrier has purchased Thorco Projects’ entire business but won’t inherit a court case entailing a million-dollar claim. Both parties are pleased with the transaction.

For subscribers