Home About UsPublicationsForumsConsultingContact Us
Back to Earlier Search Results New Search Logout

Links

CMA Shipping 2011

Marine Money Forums

Marine Money Asia Week

Freshly Minted Newsletter

Marine Finance Dashboard

Who Wins?

We understand that the lead bankers involved in the Omega Navigation bankruptcy are pushing for a Chapter 7 liquidation believing that they can come out whole. This is natural as the alternative is a substantial conversion of their debt to equity, realizing a write-off and mark to market accounting on the equity. Given the young age of the fleet and market prospects in the product sector, the re-structuring scenario is far more likely.

This is only an excerpt of Who Wins?

Content is restricted to subscribers. To continue reading please Log-In or view our subscription options.

Existing Users Login

Username
Password
 


Related Archive Files

  • No Related Post

Written by: | Categories: Freshly Minted, Market Commentary | July 28th, 2011 |

Tags: · , , ,

Leave a Reply

You must be logged in to post a comment.

Copyright 2008. Marine Money. All Rights Reserved.