Offshore veteran Age Remoy will still strike a deal for struggling Forland Shipping’s bank-backed newer vessel if investors behind the bond-backed older ship refuse his offer.
Bondholders are almost certain to be much worse off in trying to recoup their money if they do refuse to play ball, he tells TradeWinds this week.
“The bondholders are getting the same deal we have already agreed with the bank," Remoy said.
