Bender Fights Bankruptcy

Thursday, June 11, 2009

Bender Shipbuilding & Repair, based in Mobile, Alabama, said that a petition has been filed to put the company into involutary bankruptcy. The company had yet to be served, but it did say that it is in contractual disputes with two of the three creditors who filed the petition, including GulfMark Offshore Inc.
Bender disputes GulfMark's claims and believes that the petition is invalid.
"It is unfortunate that GulfMark has chosen to go this route," said Tom Bender, president and CEO of Bender, in a prepared release. "I am optimistic that the involutary petition will be dismissed quickly."


Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pipelines Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0751 sec (13 req/sec)