“Thanks to better fundamentals, with risingrates and firmer asset prices, we argue that Genco will survive and avoid adilutive equity issue,” said Nordea analyst AxelStyman.
TheSwedish lender believes the shipowner will refinance its debt, due in the firstquarter of 2014, after a grace period until the end of 2014.
Nordeasays it expects fleet growth of 6% in 2014 and 4.5% in 2015 and demand in theregion of 7 to 7.5%
