Greek owner Toisa has submitted a bankruptcy reorganisation plan in the US that aims to tackle $542m of claims against it.

In a disclosure statement filed with the Southern District of New York bankruptcy court, it said it had been in talks with lenders including ING, Commerzbank, DNB, Citi and DVB.

A general consensus has been reached with secured lenders and the creditors’ committee, but further amendments are expected ahead of a disclosure hearing on 24 January.