Former Polish Steamship Co (Polsteam) chief executive Pawel Brzezicki has returned to the national bulker giant in a firefighting role, following the government’s decision to bring the company under direct state administration.
A Radio Szczecin report suggested the company’s debt load could total PLN 1.5bn ($367m), although no official figures have been disclosed. Another report implies the company is struggling to “meet its obligations to foreign banks”.
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