Independent journal on economy and transport policy
01:24 GMT+2
Sinking under a debt weight
(Shipping Times)
March 12, 1999
ROMANIAN MERCHANT FLEETBad management has left Navrom shipping company owing so much money that its state owner is liquidating it
[BUCHAREST]
YEARS of bad management have turned Romania's merchant fleet, once among the world's largest, into a tiny company at the mercy of creditors, with unpaid crews abandoning their seaworthy vessels and selling them as scrap. "Navrom is ...... Read more on Shipping Times
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