The effort to sell the GMI Panamax Pool is targeted for completion by the end of the year, as is the broader effort to sell off the company’s remaining assets and unravel its charters, says a source with knowledge of the case.
GMI, which was founded by Steven Rodley and Stuart Rae, unveiled the panamax pool in June and at the time said it would place its entire spot-market fleet into the operation, as well as 13 newbuildings coming from Chinese and Japanese yards.
But
