Media: Dry bulk tycoon facing new bankruptcy

Before the end of this month, American dry bulk carrier Genco Shipping - headed by Peter Georgiopoulos - will file for Chapter 11 bankruptcy protection, according to the New York Post.

This would not be the first time that Peter Georgiopoulos - the man behind American dry bulk carrier Genco Shipping & Trading - files for Chapter 11 bankruptcy protection, something sources tell the New York Post is going to happen before the end of this month. At this time, the carrier will have to make a payment of around USD 50 million.

“There is no chance it doesn't file,” one source tells the US newspaper.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk rejects shippers' complaint in USD 180m dispute

U Shippers has no case in a contractual dispute reported to the US Federal Maritime Commission, Maersk writes in a response to the FMC. Moreover, the case should not even be a matter for the commission, the company says.

Further reading

Related articles

Latest news

See all jobs