Woes afflicting the feeder containership market continue, with nearly half the fleets of two Jork-based managers falling into the hands of the receivers.
The KG (limited partnership) funds that owned the 803-teu Skirner, Skyndir, Sleipner, Slidur, Sipall, Jork Reliance and Jork Ruler (all built between 2005 and 2007), are facing liquidation.
Fund manager HCI Capital confirms that preliminary insolvency proceedings have begun and expects the vessels may be sold in 2015.
