Giuseppe Bottiglieri Shipping Company seeks bankruptcy protection

Giuseppe Bottiglieri Shipping Company seeks bankruptcy protection

Another Italian company will undergo an in-depth restructuring process.

“Giuseppe Bottiglieri Shipping company filed for bankruptcy protection under the Italian law,” the Naples-based firm said in a statement.

“Due to the unprecedented world freight market crisis, the company has recently prepared a new business and financial plan currently under discussion with the financial creditors to pursue a consensual  restructuring,” the company explained.

EY has been appointed the financial-industrial adviser and Dla Piper the legal adivsors.

As of today Giuseppe Bottiglieri Shipping Company’s fleet consists of 12 vessels, made up of 4 MR1 tankers and 8 bulk carriers.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.

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