Bankrupt Yangzhou Dayang Shipbuilding, a subsidiary of Sinopacific Shipbuilding Group, has held its first creditors’ meeting on Saturday, more than two months after the yard went under receivership.
Bankrupt Swissco Holdings has announced the provisional liquidation of its wholly-owned Scott and English Energy (S&E) due to its inability to carry on its operations.
An intragroup restructuring exercise has continued apace for Avic International Maritime Holdings (Avic Maritime) as part of the group’s ongoing efforts to streamline its corporate structure.
Rickmers Holding is distancing itself from troubled Singapore shipping trust Rickmers Maritime ahead of key unit and bondholder meetings, which are set to decide its fate.
Singapore shipping trust Rickmers Maritime has warned it faces potential liquidation if bondholders do not vote in favour of a proposed debt exchange.
Sinopacific Offshore & Engineering (SOE) has gone into liquidation following a decision by Jiangsu Qidong People’s Court in China, local reports said.
In a bizarre twist to Swiber Holding’s sudden collapse on Thursday the company has applied to be placed under judicial management rather than liquidation.
Singapore-listed offshore firms moved to distance themselves from the collapse of Swiber on Thursday saying they were in different sectors.
A local Chinese court has pushed back its decision on an application by a creditor bank to liquidate distressed shipbuilder Sainty Marine.
China’s Nantong Dongxin Shipbuilding Heavy has held its first creditors’ meeting on 16 October to liquidate its assets, according to an announcement by the local Nantong court.