Maersk VLCC sale hangs by a thread

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The expected buyer of Maersk Line fleet of 15 supertankers, the U.S. company General Maritime, has, according to Lloyd's List has not yet been able to raise the little one billion U.S. dollars acquisition of ships costing.

The call option expires according to the newspaper by the end of this month, which allegedly became the man behind Genmar, the Greek shipping magnate Peter Georgiopoulos, to seek new ways in an effort to raise money.

As late as the spring of last year succeeded only at the last moment Georgiopoulos to prevent a looming bankruptcy of Genmar. This was done through a large capital injection from private equity fund Oaktree Capital Management.

Source: Lloyds List/Maritime Denmark