Allianz Marine acquires Swissco fleet and assets
The transaction spells the conclusion of almost two years of judicial management proceedings for financially distressed Swissco Holdings, which yielded $48.2m from divestments of its 31-strong fleet and properties plus transfer of its listing status
Allianz Marine is linked to another merger with Pacific Radiance, in which the former is said to have pledged $180m of asset injection into the latter
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