Bulk

XO Shipping delivers first deficit ever

Contract breaches have contributed to XO Shipping's plunge into the red for the first time in the bulk carrier's history. Meanwhile, a case concerning double-payment in the wake of OW Bunker's collapse is still causing pain, says CEO Ejner Bonderup to ShippingWatch.
Photo: XO Shipping
Photo: XO Shipping
by NIKLAS KRIGSLUND

Danish bulk carrier XO Shipping booked its first deficit since the company was founded in 2010.

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