SOUTH Korea’s Daewoo Logistics has filed for receivership in the Seoul District Court, according to market reports.
Daewoo Logistics was much more than just a logistics company. They also (according to their web-site) were "rising into a General Carrier encompassing Car, Tank, Cement, with the center of Bulk Carrier".
I cannot determine if they owned or chartered their tonnage, as the fleet part of the web-site says "being updated" (no kidding).
It looks as if they got involved in too many things, without thinking there would be a downturn in international shipping.
Another one to add to the list of bankrupt companies.
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