Arne Blystad-backed Songa Container is facing up to a potential breach of a bond covenant as it warned of charterer "distress" in the coronavirus crisis.
The Norwegian boxship owner it will be affected by an uncertain market, delays in shipyards with regards to scrubber retrofits and potential uncertainty over payments of outstanding receivables.
There is also the possibility of "charterers coming into financial distress", as well as challenges if crew members are hit by the virus.
