The worst dry cargo slump in 30 years has spared few owners in the past several years, whether they were public company behemoths such as New York-listed Scorpio Bulkers or smaller, low-profile types like Croatian operator Atlantska Plovidba.
Such owners faced clear choices: take quick action to get ahead of the problem through some sort of financial restructuring with lenders or face the prospect that their company may no longer be around to see an eventual market rebound.
