German shipowner Marenave Schiffahrts is facing further impairment losses as it seeks talks on refinancing with its lenders.
The company said it would likely have a negative consolidated equity of between EUR 5 ($5.42m) and EUR 10m for 2015.
It blamed “the continuous significant decrease of the market value of parts of the fleet operated by Marenave, in particular of the four vessels operated in the bulker segment."
The
