MOL expects massive loss on Japanese bulk giant
Japanese dry bulk giant Daiichi Chou Kisen has filed for receivership. Major shareholder MOL expects to book a one-off loss of around USD 211 million.
BY KATRINE GRØNVALD RAUN
The Japanese dry bulk carrier Daiichi Chou Kisen has filed for receivership at a Tokyo court today, Tuesday, after trading of the company's shares was suspended on the stock exchange following rumors that the carrier was in deep financial trouble - and these financial woes are now hitting major Japanese shareholder Mitsui O.S.K. Lines (MOL) in a big way.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Share trading in Japanese bulk giant halted
For subscribers
Braemar warns: Bulk crisis could last five more years
For subscribers
Bulk carrier in cash emergency enters receivership
For subscribers
