Bankrupt Japanese shipowner Daiichi Chuo Kisen has delayed submitting its rehabilitation plan as it chases new investment from creditors.

The Nikkei daily reported it wants cash from shipowners, shipyards and other parties owed money after it filed for protection last September with debts of $1.4bn.

The plan will not now be sent into court for another “month or two”, the report claimed, following a failure to find sponsors for its restructuring.

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