Finance

Singapore OSV company clears another hurdle on road to refinancing.

CEO Stefan Ermisch says shipping markets still a challenge as lender takes a hit from ongoing privatisation.

Norwegian bank says restructuring and reduction of shipping and offshore loans paying off.

Further raises not contemplated as Scorpio Tankers looks to have plenty of firepower from banks, sale-leaseback partners.

New funding and upgrade from DNB Markets provide tailwinds for share price.