Germany's Marenave Schiffahrts will move to sell the rest of its fleet after striking a new deal with lenders.
The restructuring company said it had agreed a full release of financial liabilities and new waivers with a majority of its banks.
Marenave will receive a certain amount of money to finance its ongoing business until all vessels are sold and single-ship companies are liquidated in a "solvent" manner, it said.
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