Dry bulk behemoth Daiichi misses restructuring deadline
The 120-year-old Japanese dry bulk carrier Daiichi Chuo Kisen Kaisha moves closer to the abyss after four months of trying to restructure the heavily indebted carrier has failed so far.
BY TOMAS KRISTIANSEN
Crisis-stricken Japanese bulk carrier Daiichi Chuo Kisen Kaisha was unsuccessful in landing a restructuring agreement on Wednesday in Tokyo, and this has made the carrier's executive management postpone the rescue plan for the 120-year-old company.
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