This week's top stories on ShippingWatch
The victims of the dry bulk crisis
This week, Bulk Invest headed by Jens Ismar had to admit defeat in attempts to salvage the company. Financial reports from players such as Norden highlight the severity of the crisis:
Bulk Invest files for bankruptcy
Bulk Invest shares suspended on Oslo Stock Exchange
"We were prepared to give USD 40 million to shipowners"
Bulk Invest has claims of USD 250 million
Photo: Norden
Norden hit with USD 285 million deficit in 2015
Current financial haze shrouds Norden CEO Rindbo's view
Star Bulk cancels newbuildings after huge deficit
Scorpio Bulkers in USD 510 million net loss for 2015
Pacific Basin cuts losses in dry bulk
Who knew what?
The Attorney General's office for fraud and economic crimes - generally known as the Danish Fraud Squad (SØIK) - has filed criminal charges against former senior executives of now-collapsed OW Bunker:
OW management will look at page 41 in trustee report
Media: More OW charges could be coming
Fraud Squad charges former CEO in OW case
Final court case in OW aftermath just a few weeks away
The Alang question
Is Maersk slacking on CSR principles by using yards at the Alang beach in India? ShippingWatch asked the group's head of sustainability this question:
What happened to the Alang principles, Maersk?
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