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Chapter 11 – Liberation or Suspended Sentence

Two thousand eleven has seen the insolvency of several shipping concerns. The boards of companies holding tankers and containerships in particular have watched their earnings decline to a level insufficient to service debt, leaving in prospect but one apparent alternative: wholesale repossession, foreclosure and liquidation.

This is only an excerpt of Chapter 11 – Liberation or Suspended Sentence

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Written by: | Categories: Marine Money | January 1st, 2012 |

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