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27 May 2020 The on-line newspaper devoted to the world of transports 22:59 GMT+2

January 17, 2002

First Wave set to emerge from bankruptcy

First Wave Marine, Inc., which operates five shipyards in the Houston/Galveston area, said today that its plan of reorganization has been confirmed by the U.S. Bankruptcy Court for the Southern District of Texas.

First Wave says that its current senior secured lender has agreed to provide it with a post-confirmation $10 million revolving line of credit and ......
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