THE Alliance Sets Up $50 Million Safety Net

THE Alliance Sets Up $50 Million Safety Net
THE Alliance is establishing a $50 million insolvency contingency fund in case one of its members faces financial distress or insolvency. THE Alliance members submitted an amendment for the creation of the fund with the U.S. Federal Maritime Commission (FMC) on September 14. Federal Maritime ... read more
Source: Maritime ExecutivePublished on 2017-09-15