Investors took flight despite the Singapore-listed shipownerreaching a deal with lenders last week to relax loan covenants until the end of2014.
FSL suffered a series of defaults on ship leases last year byoperators including Geden Lines of Turkey, Indonesia’s Berlian Laju Tanker andOmni Ships.
Trading of its shares was suspended in mid-November while ittried to thrash out a deal with creditors.
