Capital One has filed an objection to terms of International Shipholding (ISH)'s plan to sell a multipurposeship to Oslo Bulk, the vessel's bareboat charterer.
The US bank's lawyers claim the deal to sell the 13,000-dwt Oslo Wave (built 2000) does not provide sufficient protection of its claims against the Alabama shipowner, which is undergoing a Chapter 11 restructuring in a US Bankruptcy Court in New York.
But
