Marenave might be forced to sell off its fleet

Marenave might be forced to sell off its fleet

Marenave Schiffahrts has warned its shareholders it might have to sell its fleet of 13 ships as creditors demand it pay back its mounting debts.

The Hamburg-listed company has a diverse fleet made up of four supramax bulk carriers, six product tankers, two boxships and a car carrier.

The company, which was founded by Konig & Cie 10 years ago, said management would now discuss with creditors how best to proceed.

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

Related Posts