Credit Suisse is expected to repossess three bulkers from the fleet of beleaguered SAM Shipping, sources with knowledge of the situation said Friday.
The vessels targeted are the 57,200-dwt bulker Sam Jaguar (built 2013), 57,200-dwt Sam Hawk (built 2013), and 32,600-dwt bulker Sam Eagle (built 2010(.
The company's chief executive officer Dennis Saeviki acknowledged the imminent loss of one ship, the Sam Jaguar.
