ShippingWatch

Copenship trying to save the rest of the company

Bankrupt Copenship is currently fighting to keep the remaining parts of the company from being dragged down by the bankruptcy. The carrier hopes to settle a deal by early next week, CEO Michael Fenger tells ShippingWatch.

Two parts of dry bulk operator Copenship went bankrupt on Tuesday, namely the two entities Copenship A/S and Copenship Bulkers, and law firm Lett is currently acting as trustee for the estate.

Meanwhile, numerous lawyers from other firms are working full steam to secure a restructuring deal for the remaining parts of the Danish carrier - because there is at this time a semblance of hope for the rest of the company. The two companies Copenship MPP and Copenship might be able to keep operating, CEO Michael Fenger tells ShippingWatch.

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