The bankruptcy process that has seen banks take over the fleet of Norwegian shipowner DOF has been completed this week.
But the group of lenders who swapped $2.25bn of debt for equity is not yet revealing its plans for the operation.
Bankruptcy proceedings were overseen by Hordaland district court, with operations continuing as usual through the spin-off of the ships into a new company called DOF Services, which has now been renamed New DOF.
