Yesterday, the judge overseeing thecompany's Chapter 11 restructuring approved a motion that set thestage for the sale of the 84,100-dwtB Max (built 2011).
According to a reputable legal sourcewith ties to the case the embattled bulker and tanker operator has enlisted Arrow Shipbrokers to searchfor a buyer and oversee the transaction.
The same contact confirms that TMT hassecured debtor-in-possession (DIP) financing of up to $3.4m,
