Britannia troubles put Golden Ocean at risk

Bulk operator ‘might consider liquidation’

Jamie Dale - Wednesday 29 October 2008

GOLDEN Ocean could face greater financial risks from an increase in outstanding debt requirements if struggling dry bulk owner Britannia Bulk Holdings cancels its order for six panamax newbuildings, a Norwegian shipping analyst has warned.

DnB NOR Markets analyst Henrik With said yesterday that Britannia Bulk faced “serious financial difficu...

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