Topic: Restructuring

Zeamarine closes offices in Denmark

Zeamarine is closing its operations in Denmark. The Danish subsidiary has filed for bankruptcy resulting in the closure of two offices and 23 employees being sent home, confirms local liquidator Hafnia Law. The German breakbulk carrier...Read more
|Comment|author: Tobias Pieffers

Zeamarine officially insolvent as restructuring continues

The German booking and operation offices Zeamarine Bremen, Zeamarine Germany and Zeamarine Chartering have come under court supervision while the restructuring of the Bremen-based MPV-operator continues, meaning the company is officially insolvent.  In the first official...Read more
|Comment|author: Tobias Pieffers

UHL confirms takeover of 11 Zeamarine vessels

United Heavy Lift (UHL) has taken over a total of 11 vessels from financially distressed Zeamarine. The German shipping company will take over nine new eco-friendly heavy-lift vessels and two smaller ships on time charter...Read more
|Comment|author: Tobias Pieffers

Media: Zeamarine is disposing of vessels

Zeamarine is reportedly disposing of vessels to deal with its financial losses. The fast-growing shipping company last month announced that it has hired a restructuring specialist to take over the management of the company and...Read more
|Comment|author: Tobias Pieffers

Banks take control of Bourbon

A group of banks will take control of Bourbon’s assets effective January 2nd, 2020. With that decision from the Marseilles Commercial Court, Bourbon’s six-month-long reorganization process has come to an end.  Bourbon had received at least...Read more
|Comment|author: Tobias Pieffers

Zeamarine in “period of re-establishment”

Zeamarine has responded to media reports following a managerial change at the company which sees insolvency expert Sven Lundehn take the position as chair of the board. Lundehn has been called in to oversee “a...Read more
|Comment|author: Tobias Pieffers