Toisa: Chevron agrees to ratify United Ideal charter to cover voyage

By Caroline Salls

Pittsburgh, March 23 – Toisa Ltd. announced on Thursday that Chevron Corp. agreed to ratify its charter with the company’s United Ideal vessel to cover a 30-day or longer voyage to South Africa from the Arabian Gulf.

According to a news release, Toisa “is pleased by the continued confidence of its charterers” in its Trade and Transport, Inc. subsidiary as Toisa’s operations continue to run normally amid its constructive debt restructuring negotiations with global stakeholders.

Toisa said its United Journey vessel, which was released by Citibank, has a charter and is now back in service and generating income.

Toisa is a Hamilton, Bermuda-based shipping business. The company filed bankruptcy on Jan. 29 in the U.S. Bankruptcy Court for the Southern District of New York under Chapter 11 case number 17-10184.

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