The cash-strapped shipowner warned the situation at itsIndustrial Shipping division is deteriorating despite recent cost cuttingefforts.
RABT no longer expects to break even on a cash basis overthe remainder of the year and further funding is needed to keep the companygoing, it said today.
Losses have stretched to around SEK 400m ($60m) over thepast two years and the board has now unanimously agreed to seek SEK 150m from arights issue.
Without
