A rescue plan for the struggling German shipowner Marenave Schiffahrts has fallen apart after the two investors, Offen Group and insurance company DEVK, have pulled out.
Prior to a general assembly of Marenave, the two investors had demanded a capital reduction in Marenave, but the general meeting decided on a postponement on the recommendation of the carrier's management and board.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.