Restructuring German owner Marenave Schiffahrts has struck an investment deal with the Offen Group and insurer DEVK as it continues to pursue a fleet sale.
It said Offen company CPO Investments and DEVK will pump in an initial EUR 2m ($2.1m), with negotiations ongoing about further financing up to EUR 14m.
The money is conditional on Marenave's lenders releasing it from all liabilities through a planned sale of the fleet.
