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.
BMT has launched a submarine training initiative in Canada aimed at developing the engineering and technical expertise needed…
The U.S. Coast Guard (USCG) recently investigated a marine casualty involving a recreational vessel that was swamped and…
Ongoing fleet renewal by niche player Cool Carriers indicates continuing competitiveness at scale of the specialized, pallet…
Maritime Tactical Systems, Inc. (MARTAC), a U.S. provider of fully autonomous unmanned surface vessels (USVs), announced…
Discover the operational costs hiding between your biggest transportation expenses.
Military Sealift Command (MSC) is looking to hire and onboard record numbers of licensed engineers—and its sign-on bonuses reflect that.
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