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Ziton must raise new capital following breach of loan requirements

After losses in 2020 and the first months of 2021, wind carrier Ziton has been unable to comply with the requirements in the company's loan agreements. Last year, Ziton canceled a share issuance, but the company is now resuming its search for fresh capital. "The capital market has changed since then," the CEO tells ShippingWatch.

Photo: PR / Ziton

Danish wind carrier Ziton prepares for another share issuance as the company has failed to comply with loan requirements following several years of deficit on the bottom line.

The search for new capital is taking place after the company decided to push a share issuance last year, which was supposed to raise around DKK 750 million (USD 122 million).

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