Vroon reaches restructuring agreement with lenders

Dutch owner Vroon has reached an in principal agreement with its lenders regarding the terms of its financial restructuring.

The company believes the agreement is an important step forward towards the finalisation of its financial restructuring, having been in discussions with its banking and finance partners since late 2016.

“Vroon is confident that the envisaged restructuring will provide generous runway to implement its strategic plans. Vroon wishes to thank its finance partners for their constructive support and trust in the business,” the company said in a release.

Vroon said it is committed to continue taking measures to strengthen its financial condition. It currently operates and manages, under different brand names, a diverse fleet of approximately 200 vessels.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.
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