Rand Logistics Inc, one of the largest bulk freight shipping providers in the Great Lakes region, filed for Chapter 11 protection on Tuesday after agreeing to a debt-for-equity swap with lender Lightship Capital LLC.
Rand, with $236 million of debt, said in November it would file for bankruptcy as part of a restructuring support agreement with Lightship, an affiliate of New York-based private equity firm American Industrial Partners.
The European Union has widened its sanctions against Iran over Tehran's support of Russia in its war with Ukraine, the European…
Soaring costs, project delays and limited investment put targets out of reachAfter a year of canceled projects, broken turbines…
The LPMA: Maritime and Aquaculture Professional School of Bastia will on November 15, 2024, inaugurate France's first hydrogen…
Finnish engineering firm Cargotec said on Thursday it would sell its cargo handler business MacGregor to European private…
Get lower carbon intensity solutions customized for your business needs
For the first time ever, Military Sealift Command is hosting a virtual job fair to reach US Citizens in the Philippines who are interested in a maritime career.
Gas carrier reporting presents distinctive challenges due to the specialized nature of LNG cargo. From complex loading and unloading procedures to stringent safety regulations
Subscribe for
Maritime Reporter E-News
Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week
