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You are here: Home Archive 2009 Jan 16 Panic in Asian dry bulk sector

Panic in Asian dry bulk sector

by Obsidian last modified Jan 16, 2009 12:00 AM

by Lloyd's List in London 10:55AM, 16 Jan 2009

Major Asian dry bulk operators are on the brink of bankruptcy as defaults on chartering contracts worth hundreds of millions of dollars mount up and claims swamp courts in New York and London, Lloyds List wrote today.

The most vulnerable...

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