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Thursday, February 12, 2009

The Financial Collapse of Shipping Companies

Interesting to hear today that the South Korean giant Samsung has declared bankruptcy. No surprises here. Details will emerge soon as to which companies are left holding the baby.

1 comment:

  1. It might be a typo, but as far as I know, the South Korean company who declared bankrupt was Samsun Logix (not Samsung).
    They used to own around 60 bulk carriers and charter another 80.
    However, one of their subsidiary Samsun Logix Hellas (operating from Greece) is still up and running.

    Jebus.

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