Print Sep 30, 2015

Daiichi Chuo Kisen files for application of Civil Rehabilitation Law


Daiichi Chuo Kisen said on Wednesday that it has filed for application of the Civil Rehabilitation Law at the Tokyo District Court with liabilities of JPY 176.5 billion.

The Japanese shipping company operates 120 ocean-going vessels. Of the vessels, 90-100 vessels are time-chartered from shipowners. The company's annual aggregate time-charter debt reaches JPY 50 billion.

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