Transroll Navegacao, the Brazilian shipping line, denied that it is having financial difficulties repaying loans and that it should look for a buyer or risk bankruptcy proceedings.
The carrier said that press reports mis-reported a dispute between Transroll and the Brazilian National Development Bank.
The dispute is not about commercial loans, but concerns legal proceedings in Brazilian courts pertaining to "the basis of calculating the monetary correction" of shipbuilding loans, Transroll said.
"Transroll is no different from other Brazilian lines in debating just how much is owed as a result of past adjustments for inflation," a spokesman for Transroll said.
