Creditors of Giuseppe Bottiglieri Shipping Co (GBSC) have until the end of the month to vote on a restructuring plan that is expected to keep the operations of the bulker and tanker owner in Naples.
Managing director Mariella Bottiglieri is confident that creditors will agree to the proposal with Bain Capital Credit, following a decision by a court in Naples to reject a rival plan that she believes would have led to liquidation of the company, as TradeWinds reported earlier this week.
