Expo Freight working to settle non-payment issues with Debenhams suppliers
A forwarder for the UK’s now-defunct Debenhams chain said it was working closely with Bangladeshi ...
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
AAPL: SHIFTING PRODUCTIONUPS: GIVING UP KNIN: INDIA FOCUSXOM: ANOTHER WARNING VW: GROWING STRESSBA: OVERSUBSCRIBED AND UPSIZEDF: PRESSED ON INVENTORY TRENDSF: INVENTORY ON THE RADARF: CEO ON RECORD BA: CAPITAL RAISING EXERCISEXPO: SAIA BOOSTDSV: UPGRADEBA: ANOTHER JUMBO FUNDRAISINGXPO: SAIA READ-ACROSSHLAG: BOUYANT BUSINESS
ING Bank has withdrawn its funding from Dutch shipowner and multipurpose/feeder operator Flinter, causing a financial leak liable to sink it.
Ranked among the top 10 Dutch shipping firms, Flinter was caught off-guard by the bank’s decision. As a result, the carrier says it has no other option but to file for suspension of payments on nine of its vessels.
“Despite all emotions, we will continue to act professionally and transparently to all parties. After eight years of fighting hard it is sad that our journey ends here,” the company said.
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