NTCL Fails

General maritime and engineering discussion occurs on this board. Feel free to post newsbits, comments, ask questions about maritime matters and post your opinions.
Post Reply
User avatar
JK
Enduring Contributor
Posts: 3066
Joined: Tue Sep 04, 2007 2:29 am
Currently located: East Coast, Canada
Contact:

NTCL Fails

Post by JK »

Revolver
Chief Engineer
Posts: 264
Joined: Tue Jun 07, 2011 7:55 pm
Contact:

Re: NTCL Fails

Post by Revolver »

20 years of terrible management did a number on ntcl... And that number is, I think, about $140 million.
They've filed bankruptcy. And I heard there was an auction for everything they have(had?) August 18th, but i didn't hear any results from the auction.
Almost all their equipment up north is crap though, their ships and barges.
Post Reply