Korean shipping group headed toward bankruptcy

Korean STX Pan Ocean has come under bankruptcy protection, meaning that the company will have to undergo a restructuing process if greenlighted by the Court.

BY OLE ANDERSEN

Korean STX Pan Ocean has come under bankruptcy protection as the major shipping group can no longer pay its debts, writes Bloomberg.

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Korean shipping group headed toward bankruptcy

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Front page now

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

A simple reason could explain low dry bulk rates despite good demand

Dubai challenges Singapore as shipping's favorite city

Opinion: Europe's key ports have become better connected after Covid

Cosco to build production chain for green methanol

Russia’s diesel ban threatens to roil global markets – if it lasts

TotalEnergies chief exec: Unreasonable to ban Russian LNG before 2025

John Fredriksen has increased his wealth by NOK 81bn this year

Hapag-Lloyd rolls out Starlink internet to entire fleet

European Energy gets new partner for methanol plant

CMA CGM and Maersk will need help in new green lobbying alliance

Habben Jansen calls on energy majors to do more for the green transition

Further reading

Chief executive: Bolloré acquisition will transform Ceva's air cargo business

Dubai challenges Singapore as shipping's favorite city

Jan Rindbo warns against tunnel vision: "The honest answer is that none of us know what we'll be sailing on"

John Fredriksen has increased his wealth by NOK 81bn this year

A simple reason could explain low dry bulk rates despite good demand

CMA CGM and Maersk will need help in new green lobbying alliance

Jobs