SeaLead ceases trading following US sanctions

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SeaLead Shipping, based in Singapore, ceased trading after U.S. sanctions hindered its operations. The company has filed for voluntary liquidation and appointed a liquidator while maintaining solvency and sufficient assets to cover debts within a year.

Singapore-based SeaLead Shipping has ceased trading after US sanctions prevented the company from continuing its operations. SeaLead has filed for voluntary liquidation, while the company has appointed a liquidator. The shipping company said it remained solvent when it submitted the filing. Moreover, SeaLead maintains that its assets can cover all outstanding debts within one year. […] The post SeaLead ceases trading following US sanctions appeared first on Container News.