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Shipcraft sells out and shuts down

Without much ado, the wind-swept carrier Shipcraft has shut down, writes Danish paper Børsen. The carrier was not successful in recovering after the long lasting hostage case.

Shipcraft is mostly known in the eye of the public for the long lasting pirate situation where the sailors on the M/V Leopard were taken hostage, and now the carrier has shut down activities. The headquarters in Denmark have been sold, the ships are gone, the employees let go and now only a registration number remains, writes Danish newspaper Børsen, referring to the Danish registration of companies.

In 2014, the CEO at the time, Claus Bech decided to leave the company after which the owner, John Arne Larsson entered the executive management. This happened after a severe criticism from several parties of the carrier's handling of the hostage situation, where Shipcraft's ship M/V Leopard was hijacked by pirates and the crew was released after a whole two years of captivity in Somalia and a ransom of USD 5.6 million, which Shipcraft paid itself.

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