Banks demand $158.7m from Britannia Bulk
Thursday 30 October 2008
NORDEA Bank Denmark and Lloyd’s TSB Group have asked embattled dry bulk operator Britannia Bulk Holding for immediate repayment of $158.7m outstanding on a loan due to a default on the terms, writes Jamie Dale.
US-listed Britannia Bulk said it was in talks with the lenders regarding the sale of “certain company assets”.
With thi...


