Italian shipping company Rizzo Bottiglieri De Carlini Armatori (RBD Armatori) has today been declared bankrupt.

The fate of the Italian tanker and bulker owner was decided by Italian judge Valentina Vitulano in the court of Torre Annunziata in southern Naples, according to Italian shipping sources and press reports.

The decision follows the failure of efforts by RBD to reach an agreement with creditors.