Carriers

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
Photo: PR / Ziton
by ASTRID STURLASON

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.

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