Bender Shipbuilding & Repair Co. agreed to seek protection from its creditors, filing a Chapter 11 bankruptcy petition to reorganize.The company announced in a prepared statement that it intended to cut its workforce to about 300 to keep operations…
Dockwise announced that it expects to reduce its debt by a total of $58m to just below $963m by the end of Q2 2009. The reduction will be driven by:• Release of the remaining $40.6 million held in the Mighty Servant 3 escrow account • Successful buy back of $ 8…
