South Korea's Korea Line Corp (005880.KS: Quote) said on Tuesday it had filed for receivership, squeezed by a sharp drop in dry-bulk rates and growing global vessel deliveries ordered before the economic turmoil of 2008.[Read More]
Source: Reuters
Korea Line seeks receivership as freight rates tumble
South Korea's Korea Line Corp (005880.KS: Quote) said on Tuesday it had filed for receivership, squeezed by a sharp drop in dry-bulk rates and growing global vessel deliveries ordered before the economic turmoil of 2008.[Read More]
Source: Reuters
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