Today Makes Tomorrow (TMT) has asked a court overseeing its US bankruptcy proceedings to release from arrest its 317,000-dwt tanker Fortune Elephant (built 2011) in Singapore and the 320,000-dwt combination carrier (OBO) E Whale (built 2010) in Cape Town, South Africa.

The company is also petitioning for creditors to give it access to $20m in debtor-in-possession financing that would allow it to pay off expenses on the ships, together with the 320,000-dwt OBO C Whale (built 2010), that it has incurred during their lengthy arrests and refit them so they can resume trading.

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