Marine Link
Thursday, March 28, 2024

Bank Repossesses Two Great Ocean Ships

Maritime Activity Reports, Inc.

June 25, 1999

Banque Indosuez of France has reportedly repossessed two of Shenzhen Great Ocean Shipping Co. Ltd.'s ships for failure to repay interest and principle on a $24 million loan.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week