Shareholders of Berlian Laju Tanker (BLT) overwhelmingly approved a slate of restructuring initiatives, including a spin-off of US-based Chembulk Tankers.
The Singapore and Jakarta-listed tanker owner’s four resolutions received nearly 100% of shareholders’ votes, according to a Singapore Exchange release on Thursday.
As TradeWinds has reported, Indonesia’s BLT has struck a deal with lenders led by US private equity firms Kohlberg Kravis Roberts (KKR) and York Capital to hand them ownership of a new entity that will own BLT 23 chemical tankers and four LPG carriers.
The
