Hornblower Group, which filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas in February, reports that the court has now confirmed the company’s plan of reorganization. With court confirmation of the Hornblower restructuring plan, the company, which is a major player in the U.S. ferry market, says that it “has used this process to position the business for future success with a more focused portfolio, introduce new majority ownership and strengthen its...
https://www.marinelog.com/news/court-confirms-hornblower-restructuring-plan/