Partner with O’Melveny & Myers

Category Archives: bankruptcy

Forewarned is Forearmed: Maritime Industry at Stake

Forewarned is Forearmed: Maritime Industry at Stake

Forewarned is forearmed. 2016 seemed to be a really tough year for shipping companies: Global financial slowdown and global meltdown have significantly affected freight companies and similar. Earlier this semester, Suzzanne Uhland wrote about the effects of such juncture in the industry, and after two months, the bankruptcy of the Hanjin Shipping Line caused a… Read More…

The most significant bankruptcy in the shipping industry

The most significant bankruptcy in the shipping industry

Currently, the world commerce is increasing in an exponential way more and more. Thanks to the globalization, companies from every country can trade their product and services in an unprecedented way. Today, one of the most important means for the world commerce is the shipping industry, due to its low costs compared other transportation ways… Read More…

Shipping bankruptcy: What happens worldwide?

Shipping bankruptcy: What happens worldwide?

The shipping industry has been experiencing one of the worst moments of its history. Actually, several shipping companies have been through restructuring processes because of the crisis: Genco Shipping & Trading, General Maritime, Overseas Shipholding Group, Nautilus Holdings, ZIM Integrated Shipping Services, STX Pan Ocean, Excel Maritime Carriers, B&H Ocean Carriers and Ermis Martime Shipping,… Read More…