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.
Yemen's Houthis said on Sunday they had conducted two military operations, one in the Gulf of Aden and one in Eilat at the…
The first-of-its-kind hydrogen-fueled ferry Sea Change will soon begin public service, providing zero-emissions transport…
A Chevron-chartered oil tanker that was seized by Iran more than a year ago was heading for international waters on Thursday…
Salvage operations were in high-gear on Thursday to prevent a potential oil spill and pollution along South Africa's west…
Military Sealift Command is hiring experienced mariners.
The right software solution can help operators manage the dual demands of regulatory compliance and commercial opportunity
Reducing pollutant emissions in the shipping industry with LEWA's diaphragm pumps
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