Bulk

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.
Photo: Rotterdam Havn
Photo: Rotterdam Havn
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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