The Chinese bulker operator’s Chapter 11 petition is also fuelling speculation that other owners may follow suit in the months to come.
In an email exchange with TradeWinds the head of Bracewell & Giuliani’s restructuring practice, Evan Flaschen, said he wouldn’t be surprised to see more petitions in 2015.
“Increased consolidation among larger companies is protecting the higher-end of the market from many further insolvencies,” Flaschen explained.
“[But]
