Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Transfield ER files for liquidation

Transfield ER files for liquidation

Hong Kong: Mired in myriad legal battles Transfield ER Cape has filed for liquidation in the British Virgin Islands (BVI). The Chinese charterer controlled by Peter Mok has suffered a huge volume of chrter defaults in the past couple of years. The liquidation should see most of the legal cases against it dropped. What happens to Transfield's newbuild programme, however, remains unclear. Transfield has five 180,000 dwt capesizes on order at Dalian Shipbuilding Industry Corp and three 92,500 dwt kamsarmaxes at Shanhaiguan Shipyard. Souces in Hong Kong report that Peter Mok has already formed new chartering firms headquartered in Beijing. [21/10/10]

Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.