Creditors of collapsed Danish vessel operator TS Chartering have little chance of getting their money back.
The Thornico-owned company redelivered its fleet of five dry cargo ships last month as it entered compulsory bankruptcy proceedings following consistent losses.
The first report to the probate court of the trustee reveals it owes DKK 160m ($24m), mainly for unpaid bunker and charter bills, the Finans daily reported.
