The former First Ship Lease man's involvement emerged today following news of a pact that will see shareholders relinquish a 90% stake in the debt-ridden company.
After months of negotiations the Danish shipowner finally sealed a debt-for-equity pact with creditors and a new investor, it announced today.
Nordic Maritime, an entity controlled by Asian investor PAG, will take on $58m worth of debt in return for newly issued shares amounting to a 75% stake in the shipowner.
Creditors
