An extremely poor market, counterparty defaults and unsettled claims, have been cited as reasons behind the filing.
Management have sought the protection of the Bankruptcy Division of the Danish Maritime and Commercial Court.
Per Astrup Madsen of the LEET law firm is talking charge of the proceedings.
Both Madsen and Copenship chief executive Michael Fenger were unavailable for comment today.
The move comes with dry cargo rates running at 30-year lows and the Baltic Dry Index below 600 points.
Copenship
