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Marenave might be forced to sell off its fleet
Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it pay back its mounting debts.
The Hamburg-listed company has a diverse fleet made up of four supramax bulk carriers, six product tankers, two boxships and a car carrier.
The company, which was founded by Konig & Cie 10 years ago, said management would now discuss with creditors how best to proceed.