Delaware River Ports
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Banks throw ailing shipping firm Torm lifeline
Banks are taking control of Danish shipping group Torm A/S in a rescue deal that extends repayments on $1.8 billion of debt and provides fresh funds, giving the firm time to wait for the tanker market to improve.
Read Full Article: http://www.ajot.com/news/banks-throw-ailing-shipping-firm-torm-lifeline
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