Daily Archives: July 11, 2020

CORRECTED PRESS RELEASE: Seaborn Charts Course After Successful Emergence from Chapter 11 of Seabras-1 Entities

BOSTON, July 10, 2020 (GLOBE NEWSWIRE) — Following the successful emergence from Chapter 11 of Seabras-1 entities, leading subsea cable systems operator Seaborn, today announced the appointments of board members Pete Hayes and Don Shassian, as Interim CEO and Interim CFO, respectively. “We are excited about the future and sincerely thank all of our employees, customers, providers

CORRECTED PRESS RELEASE – Seabras Group Subsidiaries Emerge from Chapter 11

All Seaborn and Seabras Entities Consolidated Under Partners Group Ownership Interim CEO and CFO Appointed BOSTON, July 10, 2020 (GLOBE NEWSWIRE) — Emergence from Chapter 11   At a hearing on June 30, 2020, the U.S. Bankruptcy Court for the Southern District of New York confirmed the joint Plan of Reorganization (the “Plan”) of Seabras

National steel producer PT GRP pumps in Rp12 trillion investment

Jakarta National steel producer PT Gunung Raja Paksi Tbk (GRP) invested an additional US$850 million, or some Rp12 trillion, to boost production efficiency and to facilitate market expansion. “We want to ensure our increasingly solid position as a market leader in the national steel industry,” PT GRP Tbk President Director Tony Taniwan noted in a

Pontianak SAR team looks for missing MV Cahaya Baru

Pontianak, West Kalimantan Pontianak and Sintete Post search and rescue (SAR) Team is looking for MV Cahaya Baru, with 16 crew members and passengers, reportedly missing after engine breakdown and going adrift off Muri Isle, Sambas, West Kalimantan. “MV Cahaya Baru departed from Pemangkat, Sambas, toward Serasan Island, Riau Islands. However, when it was on

Lake Toba development continues despite pandemic: Luhut Pandjaitan

  Jakarta Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan has made assurance that development of the Lake Toba tourist area in North Sumatra Province was not impeded by the COVID-19 pandemic. This was apparent from the compensation presented by the Lake Toba authority for land acquisition and a groundbreaking ceremony marking the development