Bankruptcy
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Bunkering
Investors sue OW Bunker for $120m
Athens: Danes who invested in OW Bunker’s initial public offering (IPO) are suing the now-defunct bunker supplier for DOK 800m ($120m). OW…
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Dry Cargo
Bank of Valletta could be held to account for Deiulemar’s fraudulent bankruptcy
London: Italian dry bulk giant Deiulemar fraudently declared bankruptcy in 2012, owing over €800m, and now its financiers are facing legal…
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Greater China
Judger Shipbuilding files for bankruptcy
Shanghai: Judger Shipbuilding, a Wenzhou-based private shipyard invested by Zhejiang Judger Group, has officially filed for bankruptcy with Wenzhou Intermediate…
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Dry Cargo
Business as usual for Sobelmar as court agrees to relief request in Chapter 11
New York: Belgian bulk carrier operator Sobelmar is still afloat after it announced on Tuesday that the Hartford Connecticut court…
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Asia
Shina SB skirts with bankruptcy
Seoul: Shina SB will decide whether to continue under court receivership or declare bankruptcy this week. The yard entered a…
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Dry Cargo
Lanhai fleet goes for the third round of auctions
Shanghai: Guangzhou Maritime Court has announced that six bulk carriers belonging to Guangdong Lanhai Shipping are going to a third…
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Dry Cargo
Sobelmar commences Chapter 11 proceedings
New York: Belgian firm Sobelmar and some of its subsidiaries, including Sobelmar Shipping, has had to commence Chapter 11 bankruptcy…
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Americas
Oil and gas contractor Cal Dive files for bankruptcy
Houston: Cal Dive, a marine contractor in offshore oil and gas, has filed for voluntary bankruptcy protection. The Houston-based firm…
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Asia
Record low rates claim another dry bulk scalp
Seoul: Record weak dry bulk freight rates have claimed a third shipping line victim of the year. Daebo International Shipping…
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Greater China
Winland files for bankruptcy
Dalian: A Dalian shipowner, Winland Ocean Shipping, has filed for Chapter 11 bankruptcy protection in Texas after two of its…
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Asia
Details of Dynamic Oil Trading’s bankruptcy revealed
Singapore: Dynamic Oil Trading (Singapore), the subsidiary of bankrupt Danish firm OW Bunker, is owed $329m in gross receivables, its…
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