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01 October 2020 The on-line newspaper devoted to the world of transports 15:11 GMT+2

June 11, 2012

Credit Suisse, Chinese banks seize vessels of troubled Dongfang
- Banks seize seven Dongfang vessels
- Dongfang owes banks around $250 million
- AIM delists Dongfang from London exchange

By Randy Fabi

SINGAPORE, June 11 (Reuters) - Credit Suisse and a group of Chinese banks have seized seven of Dongfang Shipbuilding's tankers due to outstanding debts of around $250 million after the Singapore Supreme Court ruled in favour of the creditors, a minority shareholder said ......
Read more on Reuters

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