The second largest shipowning group in South Korea, Korea Line Corp, has applied for company rehabilitation. As a consequence, the company is not allowed to pay charter payments for up to 150 bulkers, charered in from around 60 owners, without permission from a court.
Green Marine
about 16 years ago
Korean company in crisis sparks worry in bulker world
The second largest shipowning group in South Korea, Korea Line Corp, has applied for company rehabilitation. As a consequence, the company is not allowed to pay charter payments for up to 150 bulkers, charered in from around 60 owners, without permission from a court.
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