Germany's MPC Container Ships (MPCC) has revealed details of an "urgent" new refinancing plan to boost liquidity and potentially save the company during the coronavirus downturn.
It is hoped a cash injection of $15m and amended bond terms can provide it with enough money to see it through the next 18 months and avoid "fire sales" of its ships.
It has summoned a meeting of bondholders for 3 July to change aspects of the $200m bond issued by subsidiary MPC Container Ships Invest.
