ShipSpotting.com Forum
Shipspotters all over the world => Shipping News and information => Topic started by: Vincent Milner on April 22, 2014, 05:47:41 AM
-
Genco Shipping filed for bankruptcy as weakness in charter rates made it difficult for the company to pay its creditors.
They have suffered from a glut of vessels that they bought before 2008 global recession, other shipping companies who have filed for bankruptcy includes Overseas Shipholding Group in 2012 and Excel Maritime Carriers last year.
DETAILS (http://logpedia.com/innerpage_shipping-news.php?id=46421&article=36&news=7#.U1YBVvmSxws)