Japanese bulk carrier files for court protection

Yet another Japanese dry bulk carrier files for court protection from bankruptcy due to the continuing dire rates in the bulk sector, marking the third unit to do so in a short period of time.

Carrier United Ocean Group now follows on the heels of several fellow Japanese players by filing for court protection from bankruptcy at the Tokyo City Court, reports Splash 24/7.

According to the media, United Ocean Group filed for court protection on December 31st last year, with a debt exceeding USD 1 billion.

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

CBS launches board program for the shipping industry

Supported by a number of high-profile names from the global shipping industry, CBS’s new Blue Board Leadership Programme’s first module is already half full. The faculty team includes BW Group Chairman Andreas Sohmen-Pao.

Further reading

Related articles

Latest news

See all jobs