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Bankruptcy

Read all the latest news about Bankruptcy. ShippingWatch gives you independent, credible, critical and fair news.

Law firm: Rotterdam could ensure ship arrests across the EU

Suppliers to the international shipping industry, including bunker suppliers, should include Rotterdam courts as jurisdictions in their contracts, recommends law firm AKD. The Netherlands is an arrest paradise, notes the firm. And the new EU rules pave the way for arrests in other EU nations.

OW Bunker liquidator will now intensify debt recovery

"We now expect that the debt recovery process will be done at a higher pace than before," says lawyer John Sommer Schmidt, trustee in the OW Bunker estate, in an interview with ShippingWatch after the UK Supreme Court verdict on Wednesday.

Creditors have USD 110 million trapped in Copenship

Claims against bankrupt Copenship stands at around USD 110 million in total. Bunker suppliers have the biggest sums trapped in the collapsed dry bulk operator. But there are doubts how many of the creditors will get their money back, sources tell ShippingWatch.

Media: Pan Ocean-owner in debt plan attempt

Harim Group, owner of bankrupt-stricken bulk giant Pan Ocean, has a plan ready for the Korean company, which is struggling to survive in a dry bulk market that is far worse than at the bankruptcy in 2013.

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