Owners of about 2,000 smaller vessels appear to be facing a protection-and-indemnity (P&I) cover crisis as reports of problems at DGS Marine and its British European & Overseas (BE&O) fixed-premium scheme sweep the market.
A bankruptcy trustee has been appointed to take charge of DGS Marine Denmark, where the youthful president of the company is based, while DGS’ main London office appears closed with senior staff said to have left.
TradeWinds
