I wouldn't worry too much. Trump declared bankruptcy several times and he's
still around and none the worse for it.
It would be impossible for the ARA to go bankrupt since they are not a business
and carry no debt. Bankruptcy means you can't pay the interest on your debt.
I was thinking of all the shipping companies I worked for that no longer exist.
Lykes Lines
US Lines
American Export Lines
Grace Lines
Moore McCormick Lines
Texaco
Isbrantsen Lines
...and dozens more that I cannot remember off the top of my head.
-RR
-----Original Message-----
From: Steve Jackson <beamer@xxxxxxxxx>
Sent: Sep 1, 2016 2:34 PM
To: sparkscoffee@xxxxxxxxxxxxx
Subject: [sparkscoffee] Re: Global Supply Chains Paralyzed After World’s 7th
Largest Container Shipper Files Bankruptcy, Assets Frozen
With Hanjin going bankrupt, it makes me wonder how soon Matson may
follow that trend. Could the ARA go bankrupt too? Seems possible.
73,
