Toisa gets back to winning ways with charter deal

Toisa Limited, a Greek shipowning entity trying to fight its way out of bankruptcy, has announced that its vessel, United Journey, has been fixed to load out of West Africa for Italy.

The United Journey was released on February 21 from St Eustatius in the Caribbean, where it had been idled following its arrest by Citibank on December 24 last year.

The ship has been chartered by oil trader Petraco.

“Toisa welcomes this important and visible milestone in its restructuring process,” the company said in a release. It filed for Chapter 11 in January in New York.

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.
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