[ Post a Reply | Next | Previous | Up ]

Re: Oglebay Norton

From: John Dunlap
Location: Mpls
Remote Name:
Date: 12.27.08
Time: 02:54:04 PM


Seems to me that the O/N fleet sale, and the sale of the Company as well, were the result of a buying binge that saddled the Company with more debt than it could handle. As a result the company is gone. If my underatanding of the reason for O/N's sale is wrong, please correct me.

compasshr.gif (2701 bytes)

Return to the Great Lakes & Seaway Shipping home page
Copyright Boatnerd.com  All Rights Reserved.
This material may not be published, broadcast, rewritten or redistributed.
Terms of use