Bankruptcy
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Offshore
Sea Trucks placed under provisional liquidation
The Eastern Caribbean Supreme Court in the High Court of Justice in the British Virgin Islands has placed Sea Trucks…
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Asia
Bankruptcy judge protects Ezra’s assets
A bankruptcy judge in the US ruled yesterday no company can seize any assets belonging to troubled Singaporean offshore operator…
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Asia
Hanjin Shipping finally declared bankrupt
Hanjin Shipping was declared bankrupt today at a court in Seoul, bringing final closure to one of the most high…
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Asia
Hanjin to be declared bankrupt on February 17
February 17 is likely to mark the end of what was once of the most high profile brands in container…
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Europe
Giuseppe Bottiglieri’s tanker fleet up for sale
Following the news on Friday that Naples-based Giuseppe Bottiglieri Shipping Company had filed for bankruptcy protection under Italian law, the…
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Europe
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…
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Americas
Brazilian shipbuilder Ecovix files for bankruptcy protection
Brazilian shipbuilding company Engevix Construcoes Oceanicas (Ecovix) announced on Friday that it and five subsidiaries have filed for bankruptcy protection…
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Europe
Hansa Treuhand seeks court protection for 15 boxships
The Hamburg shipping community has reacted with shock and sadness that one of the city’s erstwhile maritime champions Hermann Ebel…
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Asia
Are we entering peak bankruptcy season?
Are we entering peak bankruptcy time now for shipping? I’d argue that the coming six to 12 months will see…
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Asia
Hanjin Shipping and the futility of throwing more fuel on a fire burning out of control
You don’t normally get advance warning of an attempt to put a company over a barrel and call in bankruptcy…
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Europe
21 jobs lost as CIE Well Control enters administration
Aberdeen-based subsea operations firm CIE Well Control has entered administration due to persistently low oil prices and a lack of…
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Americas
International Shipholding Corporation files for Chapter 11
The American shipowner International Shipholding Corporation has filed for relief under Chapter 11 at a court in New York. The…
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Asia
Swiber goes into liquidation
Singapore offshore services firm Swiber Holdings has made an application to wind up the company and place it into provisional…
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Europe
Norseman Offshore files bankruptcy petition against Viking Supply Ships
Norseman Offshore has taken struggling Viking Supply Ships to court in Copenhagen. Norseman is the owner of the vessel which…
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Dry Cargo
Lithuanian Shipping Company goes into liquidation
Klaipeda County Court decided to declare the company declared Lithuanian Shipping Company bankrupt on May 30 and the company has…
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Asia
STX becomes the highest profile casualty in Korean shipbuilding
The lead creditor of STX Offshore and Shipbuilding, a major South Korean shipbuilder, has confirmed the yard will enter court…
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Asia
Japanese firms club together to save Daiichi Chuo
Daiichi Chuo has received a vital cash injection from a local shipping consortium. The Japanese dry bulk line, which sought…
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Dry Cargo
Bulk Invest files for bankruptcy
Oslo-listed Bulk Invest, formerly known as Western Bulk, has filed a petition for bankruptcy after negotiations failed with its creditors.…
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Dry Cargo
Lithuanian Shipping fleet to be auctioned off
Bankrupt Lithuanian Shipping is to sell its fleet of five small bulk carriers in a court-ordered auction, which will raise…
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Asia
SIVA Shipping denies insolvency reports
Senior management at SIVA Shipping have denied reports carried by Bloomberg and carried in local Singapore media today that is…
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