Restructure deal eases pressure on Ocean Tankers

Nigel Lowry - Tuesday 9 February 2010

OCEAN Tankers appears to have won a year’s breathing space from its bankers after inking of terms for receiving covenant waivers and a restructuring of its loan.
The Michael Ioannides led tanker company, the sole mainstream shipping venture on the Cyprus stock market, reported signing of a term sheet with ABN Amro as agent for a six-bank cons...

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