Knights of Old parent enters administration, but sister firm Nelson is saved
The parent company of the UK’s most recognised haulage name – Knights of Old – ...
And still it drags on – like a headless chicken running around in its death throes as if it is playing a game of five-a-side football. It’s now 10 weeks since Hanjin Shipping entered bankruptcy, and it now appears we will have to wait until February until a Seoul court receives a “rehabilitation plan” for the company. Quite what that is going to look like, given the amount of time that will have passed by then, is anyone’s guess.
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