An Italian shipowner with big-name backers has begun a reorganisation with a new tanker loan.

Finav Group, owned by Finav Holding, has clinched new funding of $6.1m from Italian lender BPER Banca to part-finance an unnamed Italian-flag MR tanker.

Xihe liquidators sell three more MR product tankers
 Read more

UK-headquartered law firm Watson Farley & Williams (WFW) advised BPER Banca on the deal.