On Friday, the French TOWT, a shipping company born in the in 2011 with the aim of equipping itself with a fleet of sailing ships for the transport of goods mainly on transatlantic routes, is has been placed in receivership. Announcing the appeal to the competition procedure, on Thursday the co-founder and president of the company, Guillaume Le Grand, attributed the crisis of the company due to several factors: «despite the fact that we had successfully completed the design and construction of the first two cargo ships sailing - he explained - we suffered delays deliveries and we were forced to compulsory technical stops to complete the boats during the first weeks of activities". The first two sailing ships of the fleet of the TOWT, with a load capacity of 1,100 tonnes, are been built in Romania and Vietnam under contracts signed by the company with the French shipbuilder Piriou. Le Grand highlighted that the capacity of the first voyages of ships to the USA had been fully booked, while it was partially booked the capacity of the voyages of return scheduled for the second and third quarters of 2024. "Then - he underlined - Trump was elected, and in front of our we have witnessed the collapse of volumes and the importance of the climate issue. So," Le Grand added, "the crises the commercial one, obviously with the United States, but also the crisis of wine and spirits, that of coffee and cocoa, together with the very low prices of freight and oil, and the lack of support from the government that imposed burdens unforeseen events at the worst possible time despite the "law on sailing" had been unanimously approved in committee yesterday, alas too late, led to a deficit for 2025. With the support of the bank, we have launched a conciliation process which, despite the exceptional efforts of the CEO, failed to obtain the consensus of all. So, tomorrow I'll be forced to put TOWT in liquidation'.