New York-listed Global Ship Lease (GSL) has said its loan-to-value test – which is a ratio of loans set against current fleet value – has been postponed for a year.

Loan test goes back a year
The shipowner's loan test will now fall due on 30 November 2012, according to Reuters.

In addition, the company said that it would not be paying a dividend to shareholders for the duration of the waiver.

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