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2020 sulphur cap will be a regulatory game changer, says ICS

BIMCO warns container lines of bankruptcy over IMO 2020 costs 

Against a backdrop of a gloomy outlook for container trades, an analyst with BIMCO, Peter Sand, has warned that failure by lines to pass increased fuel costs from the...

Aegean Marine

Top bunker supplier Aegean Marine files for bankruptcy

Bunker supplier Aegean Marine Petroleum Network announced Tuesday that it had filed for Chapter 11 bankruptcy in the U.S. Southern District of New York, along with some...

Former NICON workers file bankruptcy suit on Jimoh Ibrahim

Former NICON workers file bankruptcy suit on Jimoh Ibrahim

Former NICON workers have issued a Bankruptcy Notice on Chief Barr. Jimoh Ibrahim upon a petition for bankruptcy presented by Mr. Henry Iwelumo, Mr. Lukman Kolawole, Mr....

Bankruptcy: OW Bunker investors sue Morgan Stanley and Carnegie

Bankruptcy: OW Bunker investors sue Morgan Stanley and Carnegie

By Jite Eriabie  A consortium of 24 Danish institutional investors is launching legal action against the issuing banks Morgan Stanley and Carnegie in the action for...

Seadrill files for bankruptcy restructuring

Seadrill files for bankruptcy restructuring

By Jite Eriabie  As expected John Fredriksen’s rig owning company Seadrill has filed for a Chapter 11 bankruptcy restructuring. Seadrill said it had entered into a...

Seadrill

Seadrill decides on Chapter 11 bankruptcy Sept 12 

Offshore driller Seadrill plans to launch a long-awaited Chapter 11 debt restructuring by Sept. 12, aims to raise $1 billion in new capital, and said existing...

Seadrill

Seadrill again on the verge of bankruptcy, extends $14bn debt talks

Offshore drilling contractor Seadrill again delayed restructuring its $14 billion in debt and liabilities on Wednesday and reiterated that Chapter 11 bankruptcy was...

Tidewater enters Chapter 11 bankruptcy 

OSV owner and operator Tidewater Inc. and its 26 subsidiaries have voluntarily filed for Chapter 11 bankruptcy in the US district court of Delaware on Wednesday. The...

Hanjin shipping

Korea losing port calls after Hanjin Shipping’s bankruptcy

Global shipping companies have reduced their calls at South Korean ports despite adding more worldwide services, partly a result of Hanjin Shipping going bankrupt, a...

Ocean Rig

Ocean Rig files for bankruptcy restructuring

George Economou’s Ocean Rig and its subsidiaries have filed for bankruptcy restructuring with the appointment of provisional liquidators. Ocean Rig and its...

Ezra Holdings

Ezra files for bankruptcy

Embattled Ezra Holdings has filed for Chapter 11 bankruptcy in the US on Saturday, together with its two wholly-owned EMAS IT Solutions and Ezra Marine Services, in the...

european-commission-approves-hapag-lloyd-uasc-merger

The Alliance draws up plan to protect group from member bankruptcy

The Alliance is to set up an independently managed trust fund to safeguard cargo operations should one of its liner shipping group members go bankrupt. Hapag-Lloyd, Yang...