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You are here: Home → Archive → 2009 → June → 03 → Austal customer sails into bankruptcy owing $21m

Austal customer sails into bankruptcy owing $21m

by Sineva Toevai — last modified Jun 03, 2009 01:04 PM

A customer of Australian-based shipmaker Austal filed for bankruptcy in the US this week, owing more than US$20m.

Hawai'i Superferry, which filed for Chapter 11 bankruptcy protection in the US court of Delaware, owes Austal US$21.3m, the company said in a statement to the stock exchange yesterday.

Austal had provided a loan to Hawai'i Superferry as part of...

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