Most of the significant maritime bankruptcies of the last five years, including Hanjin and OW Bunkers, have utilized Chapter 15 of the United States Bankruptcy Code.
Read MoreFirm Principal Steve Simms recently outlined the circumstances leading up the collapse of the world's seventh largest container line, which occurred just after the collapse of OW, one of the world's largest bunker traders and providers.
Read MoreFirm Principal Steve Simms recently explained the latest challenge facing the maritime industry – the insolvency of the world’s seventh largest container line, Hanjin.
Read MoreFirm Principal Steve Simms recently explained the latest challenge facing ship owners and charterers in the wake of the OW insolvency.
Read MoreSouth Korea’s largest container carrier – Hanjin Shipping – has just filed for receivership. Years of weak demand have negatively impacted the many maritime industries, including shipping.
Read MoreOW Bunker's three U.S. entities (OW Bunker Holding, OW Bunker USA, and OW Bunker North America) filed for Chapter 11 bankruptcy protection yesterday (November 13) in the United States Bankruptcy Court for the District of Connecticut.
Read MoreA recent TradeWinds article (available here in PDF format) discusses the race by bunker suppliers to get in front the rapidly evolving bankruptcy of OW Bunker.
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