Product tanker owner Concordia Maritime has clinched a vital refinancing for eight ships, giving the company breathing space of more than three years.
The deal is part of a rescue package for the cash-strapped shipowner put together with majority shareholder Stena AB and some of its banks in July.
The combined $114m facilities cover all but two of the company's 10 P-Max product carriers, and stretch to the end of 2024.
