Philippine carrier Lorenzo Shipping Corp has received a P270m ($4.6m) financial lifeline from majority shareholder, Doris Ho-led National Marine Corp. National Marine has bought 270m new shares of Lorenzo Shipping at P1 each, much of which will go to pay loss-making Lorenzo’s belated fuel bills. According to shipping database Equasis, Lorenzo has 10 ships made up of a mix of small containerships and general cargo ships. Following the share deal, National Marine now controls 78.65% of Lorenzo Shipping. googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); }); TagsPhilippines