Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

STX Pan Ocean Makes U.S. Bankruptcy Filing

Court-appointed administrators for the company told a U.S. federal bankruptcy court that it has faced declining rates in the dry bulk market, but that it has several long-term contracts that it can reorganise around.

The filing seeks a court ruling recognising the South Korean receivership process as a “foreign main proceeding” and a halt to […]

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