Speaking at the Danish tanker company’s EGM, he said: “I want to make it clear that the board of directors assesses that it is still in the best interest of all stakeholders to continue the company's operations while we work to secure a recapitalisation.”
The restructured company saw its lenders sell 39% of its $1.7bn vessel loans to new banks earlier this year, holding back work on a second financial reorganisation in two years as management started new talks.
But
