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HUDSON SHIPPING COMPANY GOES BANKRUPT DUE TO US SANCTIONS

... connection with the provision of services for the Russian military. The transportation of cargo to the military base of Russian nuclear submarines in the city of Vilyuchinsk actually became the basis for the ruin of the company. After the imposition of sanctions, one of the Hudson’s ships was arrested in Singapore and accumulated debts for servicing in the port. Soon the problems occurred with the ‘Patriot’ tanker, which got stuck at a shipyard in the port of Ningde (China) - the company was unable to pay for the scheduled ...

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