A US judge has given the green light to a request by Global Maritime Investments (GMI) to rip up contracts for five chartered-in bulkers as part of its Chapter 11 restructuring in New York.
The terminations cover three kamsarmax vessels, a panamax and a capesize unit.
Bankruptcy Judge Stuart Bernstein’s series of orders, issued last week, cover a charter for the 81,800-dwt Istria (built 2013), which owned by Hamburg-based Bertling, 80,300-dwt Infinity (built 2010), which is owned by Greece’s Aegean Bulk, and 82,200-dwt Athinoula (built 2012), which is controlled by Greece’s Mykonos Shipping.
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