Denmark’s World Marine Offshore (WMO) is the subject of bankruptcy proceedings after running into financial and legal problems.

A case will now begin at a court in Esbjerg after a petition was received on 6 January, the State Gazette reported.

The trustee of the bankruptcy estate, John Sommer Schmidt from law firm Gorrissen Federspiel, will try to find a new owner for the business, which owns 10 modern crew transfer vessels (CTVs), according to the Finans daily.