Pharma Investments, Ventures & Law Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Pharma Investments, Ventures & Law Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
Chiquita Brands International, Inc.
Chiquita Shipping Services to Continue Uninterrupted Following Eastwind Bankruptcy Filing
July 12th, 2009
Chiquita Brands International, Inc. (NYSE:CQB) announced that it does not expect the bankruptcy filing by Eastwind Maritime Inc. and certain of its affiliates to adversely affect service to Chiquita's customers and the delivery of its bananas and other fresh fruit products. All of the 12 oceangoing ships that the company sold in 2007 remain under long-term charter to Chiquita, including the four ships sold to Eastwind. "We are taking appropriate steps to protect Chiquita's interests under these long-term charters," said Waheed Zaman, senior vice president, product supply organization. "While Chiquita's shipping operations represent only a comparatively small part of...
Source: Pharma Investments, Ventures & Law Weekly (2009-07-12)
|
