The Containership Company AS (TCC) was founded in Norway 2009. Operations out of China to Los Angeles commenced April 2010. However, a number of customers failed to fulfil their volume obligations and operations were discontinued in early 2011, at which point the Danish subsidiary, The Containership Company A/S, TCC’s principal operating entity, filed for reorganisation.

The Danish Administrator, law firm Bech-Bruun, is pursuing claims against customers who failed to meet their volume obligations. The claims have been filed in New York using US law firm Blank Rome.

The parent company is the Danish subsidiary’s biggest creditor by far the and will be the main beneficiary if the Administrator is successful.