Shipowner creditors of failed Shagang Shipping are crying foul after learning in a liquidation action that two huge secured claims against the failed operator are controlled by parties related to the company’s former sponsor.
Shagang Shipping, the failed capesize and very large ore carrier (VLOC) operator, is said to owe in the region of $550m in secured loans to two obscure parties called Richonor and Eversino.
