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Company will have no credit facility maturities for seven years after using the funds to refinance bank debts
The decisions of owners in controlling the supply side of the equation will also be important and more scrapping is needed in addition to curtailing newbuildings to bring the market back into balance
Reliance did not disclose the value of the deal but said that the transaction was subject to regulatory approvals
BW grows stake to 82.58% but Epic shareholders refrain from granting complete takeover
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