Host of shipping-related creditors linked to bust Noranda Aluminum

Host of shipping-related creditors linked to bust Noranda Aluminum

A host of maritime-related firms in America have been listed as creditors to Noranda Aluminum, which has filed for restructuring this week.

Mid-Ship Group, Associated Terminals, American River Transportation and Donjon Marine are all listed among the bust firm’s top 30 creditors.

Noranda president and CEO Kip Smith said: “In light of the challenging market conditions for the aluminum industry and the recent disruptions in our primary business operations, the board and management team, with the support of our principal lenders, determined that undertaking this court-supervised process is in the best interests of Noranda and its stakeholders.”

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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