Niigata bankruptcy

Niigata Engineering has sort court protection from its creditors. The company, whose business includes the design and manufacture of a range of medium-speed diesel engines and other propulsion machinery, has filed for bankruptcy protection in the face of crippling debts estimated at „227 billion ($1.84 billion). The company has supplied marine diesel engines as the main engine to fishing boats, cargo vessels, passenger ships, tug boats and tankers over the past 80 years.