Thorco negotiated with a German shipping bank for several months before the talks broke down and the owner companies behind two ships were declared bankrupt.
Last year, Thorco, which is owned by the Stadil family, started negotiations with Hamburg Commercial Bank (HCOB) about the remaining debt in the two companies Thorco Isabella ApS and Thorco Isadora ApS, which matured in November 2019.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.Start a free company trial today
Your trial for ShippingWatch has now started
With your free trial you get:
Full access to all locked articles on ShippingWatch.
Daily newsletter and ongoing top-newsletters. You can unsubscribe and subscribe to our newsletters anytime.
When your trial period expires
You will not be transferred to a paid subscription.
You will continue to receive our newsletters after the trial period expires. You can unsubscribe at the bottom of each newsletter.