Torm Sells Product Tankers to Oaktree

As part of TORM’s 2012 Restructuring Agreement, Oaktree exercised its option rights for repayment of a related debt from TORM, leading to a sale of ten MR and three LR2 product tankers.

2014.03.07 - Torm Sells Product Tankers to Oaktree

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Traditional & Modern Ways of Shipping Finance

The shipping industry has faced its worst crisis during the last 25 years. The limited liquidity of the shipping market and the trend of banks to limit their exposure have made shipowners to find new methods of financing their investment projects. Traditional lenders such as Germany’s Commerzbank and HSH Nordbank and the UK’s Lloyds and RBS are either exiting the market or trying to reduce exposure.

2014.03.04 - Traditional & Modern Ways of Shipping Finance

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