Scandal-ridden carrier made profit in 2012
In its annual report for 2011, struggling carrier Shipcraft expressed real doubts about whether the company might be facing bankruptcy. Today, things are looking different, according to the company's annual report for 2012, published today.
BY KATRINE GRØNVALD RAUN
It has long been doubted whether shipping company Shipcraft would be able to get back on its feet following the protracted hostage situation that lasted two years and involved the crew of the M/V Leopard, which was released this spring. Shipcraft's senior management wrote in the company's annual report for 2011 that there was a real chance that the carrier would go out of business in 2012, saying that "(...) there are signifcant uncertainties regarding the company's ability to keep operating."
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
Shipcraft fights back against Shipowners' Association
For subscribers
Shipcraft case triggers new scrutiny of rules
For subscribers
