Giuseppe Bottiglieri Shipping Company (GBSC)

Italian shipowner and operator Giuseppe Bottiglieri Shipping Company (GBSC) moves towards a restructuring plan with lenders. Giuseppe Bottiglieri Shipping Company (GBSC) has a very different kind of bankruptcy protection procedures and payments to creditors continue to be made in time. Italian shipowner and operator Giuseppe Bottiglieri Shipping Company (GBSC)’s all dry bulk carriers have been on charter to first class companies and all bunker suppliers have been paid. In December 2016, Naples-based shipowner and operator Giuseppe Bottiglieri Shipping Company (GBSC) applied to Italian courts to grant 180 days to prepare a plan for the restructuring of debt with its financing banks ie “Concordato in Bianco”.