MPC Container Ships flags bankruptcy risk
Oslo-listed MPC Container Ships has warned it could go bankrupt and will face severe liquidity strains from as early as next month.
In a presentation to bondholders on Friday, the company, one of the fastest growing boxship tonnage providers in recent years, said it will need to sell ships or risk going bankrupt unless it can seal a $200m loan soon.
A liquidity dispute is possible next month, MPC Container Ships stated, which will not only result in breach of the loan terms, but also problems with operations....MORE
