Toisa Limited Announces Initial Charter of MT United Journey

NEW YORK, March 8, 2017 /PRNewswire/ -- Toisa Limited announced today that its vessel the MT United Journey has been fixed to load out of West Africa for Italy.  The MT United Journey was released on February 21st from St. Eustatius in the Caribbean Netherlands, where it had been idled following its arrest by Citibank N.A. on December 24, 2016. 

The MT United Journey has been chartered by Petraco, a leading international oil trader. Toisa welcomes this important and visible milestone in its restructuring process, which also reflects its continuing status as the transporter of choice for leading global oil traders and companies.

Toisa's operations remain smooth and uninterrupted as the Company works cooperatively with its stakeholders on a financial restructuring plan following its voluntary Chapter 11 filing in January in the United States Bankruptcy Court for the Southern District of New York. 

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SOURCE Toisa Limited