Shipping threat
American Shipbuilding - which is chaired by George Steinbrenner, owner of the New York Yankees baseball team - said it might file for bankruptcy protection by the end of next month if the US Navy did not pay dollars 22m ( pounds 11.6m) needed to finish two tankers.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies