Flinter Shipping heads towards the rocks after ING withdraws funding

ING Bank has withdrawn its funding from Dutch shipowner and multipurpose/feeder operator Flinter, causing a financial leak liable to sink it.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.