The court has declared the Zeeland transhipment company Bulk Terminal Zeeland (BTZ) bankrupt. The company, which operated a transhipment terminal in Quarleshaven in Vlissingen-Oost, recently had to shut down due to suspicions of involvement in drug trafficking.
Last week, it became evident that bankruptcy was imminent. The company was granted a moratorium on payments, a step often seen as a precursor to bankruptcy.
As BulkMaterials International previously reported, Vlissingen’s mayor, Bas van den Tillaar, ordered the terminal’s closure.
The Public Prosecution Service suspects three of the company’s directors of importing cocaine from South America, participating in a criminal organization, and committing forgery. Bulk Terminal…
