Port News

GC Rieber given financial boost with relaxation of credit facilities

Norway’s GC Rieber Shipping has been given a financial boost after sealing amendments to its two subsea and renewables credit facilities. The amendments including covenant relaxations, prolonging the 80% reduction of scheduled amortisation until the end of 2021. This will mean that scheduled instalments in 2021 will be reduced by around $8m. Einar Ytredal, CEO …

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