Abandoning Ship at Scandia, Inc.: Parts B and C

Authors

Herbert Sherman, Long Island UniversityFollow
Barry Armandi, SUNY, Old Westbury
Adva Dinur, Long Island UniversityFollow

Issue Season

Spring

Document Type

Case Study

Abstract

Scandia, Inc., is a commercial vessel management company located in the New York Metropolitan area and is part of a family of firms including Scandia Technical; International Tankers, Ltd.; Global Tankers, Ltd.; Sun Maritime S.A.;Adger Tankers AS; Leeward Tankers, Inc.; Manhattan Tankers, Ltd.; and Liu’s Tankers, S.A. The company’s current market niche is the commercial management of chemical tankers serving the transatlantic market with a focus on the east and gulf coast of the United States and Northern Europe. This three-part case describes the commercial shipping industry as well as several mishaps that the company and its President, Chris Haas, have had to deal with including withdrawal of financial support by creditors, intercorporate firm conflict, and employee retention. Part A, which was published in the Fall 2010 issue, presented an overview of the commercial vessel industry and set the stage for Parts B and C where the firm’s operation is discussed.

Recommended Citation

Sherman, Herbert; Armandi, Barry; and Dinur, Adva (2011) "Abandoning Ship at Scandia, Inc.: Parts B and C," New England Journal of Entrepreneurship: Vol. 14: No. 1, Article 8.
Available at: https://digitalcommons.sacredheart.edu/neje/vol14/iss1/8