Deiulemar Shipping Prefers Liquidation to Bankruptcy

Ship & Bunker/Reuters
Tuesday, July 31, 2012
Photo credit Deiulemar Shipping Company

Italian dry freight group Deiulemar Shipping  is trying to avoid formal bankruptcy proceedings.

Italian dry freight group Deiulemar Shipping Company SpA (Deiulemar Shipping) is seeking liquidation to avoid formal bankruptcy proceedings after Italian prosecutors seized assets totaling 323 million Euros ($399.5 million) which included 10 of its vessels, according to a Reuters report accessed by 'Ship & Bunker'.

In the report Deiulemar Shipping's lawyer Astolfo Di Amato said the company had filed a debt restructuring proposal on Tuesday to liquidate the company and sell all its assets to partially satisfy its creditors.

"It's an attempt to save the company from bankruptcy," said Di Amato.

Maritime Reporter September 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MARAD Backs Emissions Reduction Projects

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced it will provide more than $1 million to support the development of two new emission-reducing maritime solutions.

Michelle Obama to Christen Navy's Newest Submarine

U.S. First Lady Michelle Obama will join builder General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, in christening Illinois (SSN-786), the U.

Becker Marine, Kotug Sign MOU for LNG Hybrid Barge

Press release - Becker Marine Systems and KOTUG signed a Memorandum of Understanding to launch a LNG Hybrid Barge in the Port of Rotterdam with effect from June 2017.


U.S. Orders EPA to Rewrite Ship Ballast Water Dumping Rules

A federal appeals court in New York ordered the government to rewrite its rules regulating the discharge of ballast water by ships, in a victory for environmental

Höegh Autoliners Appoints Agents in Finland

Höegh Autoliners has appointed Scandinavian Shipping & Logistics (SSL) as its agent in Finland from 1 December 2015.   SSL, which has worked with Höegh Autoliners

Smith Taken on Rolls-Royce Holdings Board

Rolls-Royce Holdings plc today announces the appointment of Sir Kevin Smith CBE as a Non-Executive Director.  Sir Kevin will join the Board with effect from

Maritime Careers / Shipboard Positions Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1190 sec (8 req/sec)