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"We were prepared to give USD 40 million to shipowners"

Bulk Invest CEO Jens Ismar ponders the trade firm which shut down the Norwegian dry bulk carrier with its rejection of the restructuring plan. "It must be an emotional stance, which caused the response to be no," he tells ShippingWatch after the bankruptcy.
Photo: Foto: Western Bulk
Photo: Foto: Western Bulk
BY CHRISTIAN BARTELS

"I've been better," says the CEO of Bulk Invest over the phone when ShippingWatch calls him after receiving the corporate statement that Bulk Invest has filed for bankruptcy, after several shipowners have declined to move forward with the rescue plan proposed by Bulk Invest.

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