New Vroon chief executive Herman Marks has revealed that the Vroon family has retained ownership and control of the business since its refinancing, with market prospects on the up.

Fourth-generation owner Coco Vroon stepped down as the company's boss in April after an agreement was reached with its lenders on $1.3bn of debt extensions.

Marks told TradeWinds: "The banks deliver us a steady number and wide range of ideas on how to improve our business and our finances.